Focusing On The Right Business Niche
Every single industry in this world is being disrupted by blockchain and the oldest one being gambling is not about to lose out either. We have seen the blockchain being applied onto online gambling and this is understandable as online gambling is fraught with scams and gambling cheats.
Putting the trust back to online gambling was just a first step. We saw dice roll games that were created on smart contracts so that gamblers are able to trust the odds given to the table. We saw sportsbook betting on the smart contracts, online lottery on the blockchain and then finally we saw the creation of Bitcoin futures on the CBOE and CME markets; which we can argue is the greatest online gambling arena in the world. We have even seen peer-to-peer decentralized gambling on the blockchain concepts appearing in ICO.
The gambling industry is understandably very excited about blockchain and the new phenomenon of ICOs and we are going to see well-funded start-ups with disruptive tech launching into the industry. However all these focus are primarily focused on the online nature of gambling.
It was interesting to note that all these smart brains largely ignored the offline world of gambling. The real world of gambling where you see the croupier at your table and where you placed physical gambling chips on the table or even look at your poker opponent in the eye to read whether he really has the cards that can break your winning streak.
A certain startup in Macau channeled their energies onto the offline world and brought blockchain into this traditional world of gambling. And not just any gambling, it is the world of junkets where hundreds of millions of dollars are wagered on the tables in exclusive rooms of luxury casinos or hotels in casinos world wide.
This startup known as Dragon Inc correctly identified a billion dollar niche which was forgotten by the blockchain community as everyone focused solely on online gaming. Dragon Inc saw the inefficiency in “wealth transfer” across borders where junket operators facilitated billions of dollars worth of credit across borders onto the tables of Macau junkets.
This inefficiency involved the usage of middlemen and financial credit agencies which costs junket operators hundreds of millions monthly to facilitate the billions in stake money for VIP to gamble in Macau junket rooms. This niche and this inefficiency is present not just in Macau and Dragon intends to expand their idea beyond Macau, with South Korea in their immediate roadmap as well as casinos in the IndoChine region where Dragon Inc and their advisors have their network of partners.
The application of the disruptive nature of blockchain onto traditional industries is not new and has happened in many industries such as legal, insurance, financial trading, medical and even supply chain but in the world of gambling, the sole focus was on online gambling.
This laser-like focus detracted entrepreneurs’s minds from one of the world’s oldest industries but one entrepreneur decided to take the path less taken. He is now the CEO of Dragon Inc, Chris Ahmad, and he is the co-founder of Dragon Inc. He is leading one of the largest ICO we have ever seen and is on target to raise $500 million USD.
Listen to Chris Ahmad’s interview on investorideas.com by clicking below:
http://www.investorideas.com/Audio/Podcasts/010318-Interview-ChrisAhmad.mp3
Or head on to the video of Chris doing an AMA on facebook video by going to Dragon’s facebook:
https://www.facebook.com/dragoncoin.online/
This focus on the right gaps is what i believe will be the success factor for this startup. Dragon has the first mover advantage in this market and they have the right team with the correct advisors lineup to connect them to the casinos and junkets of the world. A billion dollar business gap ripe for the taking and Dragon is laser focused on it.
Check out their ICO which is happening now at https://tokensale.drgtoken.io/
Buy Dragon Coin (DRG) at
Dragon official website - https://drgtoken.io
ANN - https://bitcointalk.org/index.php?topic=2524680
Whitepaper -https://bit.ly/drgtoken
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