LottoGopher Holdings Inc. (OTCQB: LTTGF) (CSE: LOTO) is pleased to announce the addition of Jeff Koyen as an Independent Advisor. Mr. Koyen will guide the company in developing and launching applicable blockchain technologies as it relates to online lottery, including the verification of ticket ownership on a public ledger. Mr. Koyen, a cryptocurrency and blockchain investor, trader and enthusiast, is also an award-winning journalist and media strategist. Previously, he held editorships with New York Press, Forbes Traveler, Travel and Leisure, Dow Jones Mansion Global, Vocativ, and Digiday. He was recently appointed Strategic Advisor for 360 Blockchain.
"There is a great opportunity for LottoGopher to lead both lottery messenger services worldwide and the traditional state-operated lottery industry in setting a new standard for transparency and security using blockchain technology," commented Jeff Koyen. "A blockchain is essentially an incorruptible ledger of transactions, with the information spread across a network of computers, constantly updating. Both online and traditional lotteries could benefit from the development of a 'Lottery Blockchain' to increase trust and visibility for the ownership of the actual ticket."
"We are very pleased to welcome Jeff to the Advisory board to lead our lottery blockchain initiatives," commented James Morel, CEO of LottoGopher. "Jeff's knowledge and experience will be invaluable to LottoGopher in our drive to implement blockchain technology to improve compliance and transparency in the lottery industry. It has been and will continue to disrupt the way businesses operate into the foreseeable future, and we are in preparations now to leverage this technology for lottery-specific applications."
Mr. Koyen is currently the President of Chaotic Neutral, an incubator LLC for companies and projects. Previously, Mr. Koyen was CEO of Assignmint.com.
What is a 'Blockchain'?
Digital Data named "blockchain" the top trend for 2018.
The global blockchain industry is estimated to be worth anywhere between $7-$20 billion by 2024, with around 90 percent of the banks in Europe and North America reported to be exploring the technology already.
A blockchain is a decentralized, digital public ledger of all cryptocurrency transactions. The ledger is continuously growing as 'completed' blocks (transactions) are recorded and added in chronological order. Market participants keep track of digital currency transactions without central recordkeeping. Each node (a computer connected to the network) receives a copy of the blockchain, downloaded automatically.
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