Big Changes At Blockchain Lottery Quanta After Strategic Review

[image credit : Quanta]

Blockchain gaming solutions pioneer Quanta has announced it will be implementing significant changes after commissioning a review from Hong Kong-based consultancy Dynamic Partners.

In 2017 Quanta launched the world’s first licensed blockchain lottery, utilising its entirely blockchain-based NMI-certified random number generator Randao. Quanta’s utility token, QNTU, now trades on six cryptocurrency exchanges, including HitBTC and Bit-Z.

Acting on Dynamic Partners’ review, Quanta’s board has decided to make several significant changes.

More focus on B2B

These include expanding its activities with a focus on B2B, with Quanta Technologies focusing on providing B2B solutions to governments and operators in regulated markets. Though B2C operations will still continue from Quanta’s Isle of Man base and via the company’s subsidiaries.

Agile development

More agile development processes will be adopted to accelerate development time, and Quanta’s road map will focus on short to medium-term deliverables. Products will be developed with a view to increasing their potential for blockchain in gaming, while reducing barriers for non-crypto participants.

Quanta’s B2C lottery brand and operation will focus on improving user friendliness in terms of on-boarding and participation – this will involve the crypto barrier being reduced and more games will be added more rapidly.

Management shakeup

All existing senior management have been requested to stand down, and new senior management, better suited to implementing the recommended changes, will be appointed.

Quanta released a statement saying:

“This strategic review has been an essential exercise for us to make sure that we have the right strategic vision, appropriate plans in place to achieve that vision and the right team and resources to deliver those plans. It has been a challenging 6 weeks but we feel we are now on the right path to significant growth and are excited about the future. Our focus is on our licensed lottery technology and operation but we see a very exciting future ahead as we introduce more solutions that have the potential to further enhance the gaming ecosystem.”

 While Managing Partner of Dynamic Partners, Harmen Brenninkmeijer, added:

“We have identified some really exciting areas of growth and once Quanta has completed its period of adjustment we are confident we will start to see a real advance in Quanta’s intention to continue to pioneer the use of blockchain in gaming as a means to enhance the potential of gaming technology whilst lessening barriers to entry.”

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