The Government Blockchain Association (GBA) rates AXES.ai’s casino technology as a trusted blockchain solution
LAS VEGAS, NV – (NewMediaWire) – April 23, 2023 – (ACN Newswire) – AXES.ai’s (https://axes.ai/) land-based casino management platform became the first blockchain solution in history to be independently evaluated and assessed by the Government Blockchain Association (GBA) in accordance with the Blockchain Maturity Model (BMM) (/).
“Why would a casino management system need blockchain? Because according to the US Financial Action Task Force (FATF), casinos are high-risk areas for money laundering and terrorist financing,” said Gerard Dache, GBA Executive Director. “Regulators around the world need to have confidence that financial and compliance reports have not been falsified or altered. By writing data to a blockchain, regulators have confidence that the reports have not been altered.”
“That’s why AXES.ai created a cloud platform and solution for its customers. But it wasn’t enough to just tell customers that they used blockchain. Unfortunately, there are many false claims about blockchain solutions. AXES.ai submitted their solution. to GBA for to have it formally assessed. After an extensive evaluation by a team of world-class experts, using GBA’s globally accepted model, it was approved,” concluded Mr. Dache
The GBA assessment framework, called the Blockchain Maturity Model (BMM), examines a blockchain solution from eleven separate perspectives required for a blockchain solution to be trusted. BMM is a technology-agnostic model that uses an assessment methodology, training tools and a suite of tools to improve solutions, ensuring that these solutions can be trusted. It gives confidence to investors, customers and procurement officers that the blockchain solutions considered are impeccable.
Organizations become Trusted Blockchain Solutions through BMM.
For more information visit or attend GBA’s Future of Money Governance of Law conference on 24-25 May in Washington DC. Details are at https://gbaglobal.org/FOMGL
About the Government Blockchain Association (GBA)
GBA is a global, not-for-profit business association with public sector members in over 500 government offices worldwide (https://gbaglobal.org/about/about-gov-members/), and professionals in the private sector in over 50 working groups (https://gbaglobal.org/working-groups/). Members of the public/private sector are working together to use blockchain and related technologies to solve public challenges. For more information about the GBA visit www.GBAGlobal.org.
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