Algorand’s blockchain platform has been chosen by the Worldwide Chess Federation (FIDE) to report the scores and titles of gamers. In an announceme
Algorand’s blockchain platform has been chosen by the Worldwide Chess Federation (FIDE) to report the scores and titles of gamers.
In an announcement on Thursday, Algorand stated it should report FIDE On-line Enviornment World Chess gamers’ information and supply a clear platform the place individuals can view sport data that’s up to date in actual time.
FIDE On-line Enviornment is the federation’s web server that’s solely chargeable for official digital tournaments and world championships wherein gamers earn worldwide scores and titles.
“It’s thrilling to proceed bringing innovation to chess,” Ilya Merenzon, CEO of World Сhess, stated within the press launch. “The arrival of digital video games on the web made chess extra standard than earlier than, and now we will’t wait to additional discover blockchain innovation for digital chess.”
Algorand’s public ledger will likely be used to retailer sport outcomes in addition to confirm participant scores in a format that goals to supply exercise free from fraud or manipulation. World Chess may even use Algorand’s blockchain platform to develop rewards and incentives for the chess neighborhood by way of inner foreign money and blockchain-based betting.
“This historic second brings the blockchain neighborhood one step nearer to mainstream adoption, as a broadly standard aggressive sport like chess leverages distributed ledger expertise to function the official report for belief of thousands and thousands of on-line chess gamers and followers,” stated Sean Ford, COO of Algorand.
Based in 1924, FIDE is the governing physique of the game of chess and regulator of worldwide chess competitions.
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