Nigerian lottery company Naija, which is operated by International Lottery & Gaming Limited (ILGL), will soon begin using blockchain technology to revolutionize the way the lottery is run in Nigeria.
The company has signed into a deal with blockchain lottery startup Quanta, the first fully compliant blockchain lottery system in the world. Quanta began life in 2015 as Quanta Group and launched its lottery system at ICE Totally Gaming in London earlier this year. The decentralized global network uses the QNTU token to facilitate transactions on the blockchain.
The partnership with ILGL will help Naija transform the traditional lottery system in Nigeria and drive blockchain adoption within Africa as a whole.
Speaking on the new deal, Naija Lottery Managing Director Charbel Saadeh said:
“Together we will continue to build a safe and trusted platform that ensures fairness and transparency while offering amazing functionality to players”
The Quanta Lottery System
Quanta’s lottery system is developed on the Ethereum blockchain and utilizes smart contracts to create a fully automated, transparent and secure lottery system. For random number generation (RNG), the Quanta system incorporates the blockchain-based Randao process – an open-source, decentralized autonomous organization (DAO).
Quanta’s Chief Technology Office Kostas Farris is confident in his companies ability to improve upon existing lottery systems and branch out further into Africa.
“..this partnership represents a significant base for Quanta to target other emerging markets centered in Africa,” he said.
Africa’s blockchain industry has exploded this year, with countries like Kenya, South Africa, Zimbabwe, and Sierra Leone all experiencing high volumes of cryptocurrency exchange on local exchanges.