As with all industries, new offerings spring up from time to time that can revolutionize how the activity is seen. In the world of gambling, blockchain technology has the ability provide a completely different type of opportunity that is more transparent and controlled, bringing better integrity to the industry. The introduction of virtual horse racing by ZED RUN and eSports platform Unikrn has the ability to not only offer a different type of gambling on horse races, but could also see its solution expand into live horse races, as well.

Horse racing expert Adam Bjorn discusses the new blockchain-based virtual horse races and what they mean to the industry.

ZED will utilize an Ethereum standard that will empower all horse information to be recorded and distributed through blockchain-based channels and openly cross-checked. ZED launched blockchain-based races this year, with a USD $20,000 prize pool, and a directed wagering option on Unikrn opened the doors to spectators so they could watch the races.

Unikrn and ZED horse racing innovation could unquestionably change the fate of sports as a rule. Over time, ZED horses will build up a real passionate existence with owners and bettors, creating more interest in the virtual option, leading to greater interest in live races.

A ZED race is anything but a random number generator. It’s a wager on something so near genuine that you can feel the intensity at the finish line. ZED provides continuity, and a racehorse’s history — from its races to its breeding record, to its favored gate — goes with it from race to race. ZED will let anyone get into horse racing and assemble a network from a developing segment to develop an influx of casual racing and gaming fans. Over time, ZED horses will build up a veritable passionate existence with owners and bettors, and could even interface with augmented reality to bring the horses to life.

Unikrn and ZED are developing the virtual horse racing space by bringing all the key pieces of genuine races together into a solitary, advanced virtual platform. Fans can now own, exchange, breed and race advanced thoroughbreds, each with its own extraordinary qualities, history and insights right on the blockchain, using existing competitors to get in on the action. This gives gamblers, especially those with little live-race experience, the opportunity to better understand the mechanics of the races and analyze different aspects to make smarter wagers.