In the current World Blockchain Summit in Dubai, many blockchain trade leaders visited the CoinQuora media lounge. CEO Paruyr Shahbazyan and CMO Rossen Yordanov of Azuro visited us and gave us some insights into what they do at Azuro.
Can you guys give us a quick introduction of your self and your tasks to those that don’t know but?
Paruyr: So I’m Paruyr Shahbazyan, and I’m the CEO of Azuro. Azuro is a decentralized blockchain protocol for betting.
Ross: My identify is Ross and I’m the CMO and co-founder of the undertaking as nicely. I’m pleased to be right here.
Can you inform us somewhat bit concerning the undertaking? How does it work? How do you combine blockchain and crypto?
Paruyr: So it’s principally betting by good contracts. So good contracts have predetermined situations based mostly on which they will resolve and ship the cash to whichever celebration has received.
What’s the distinction between this sort of platform in contrast to the normal betting platform?
Paruyr: Our platform is trustless. You don’t want to belief. But with the normal, you want to deposit your cash to your account, which the bookmaker has custody of. And for instance, should you received one thing then the bookmaker decides whether or not to pay the winnings or not. It’s like that. It’s being achieved at their discretion. They can change the percentages. Also, let’s say when you’ve got received and you’ve gotten cash in your account, and you need it again, then you definitely want to request it. Then, the bookmaker will approve it.
Moreover, let me let you know. I used to be knowledgeable sports activities bettor for 10 years. As a professional, I didn’t get all my winnings most of the time. Thus, I obtained my winnings confiscated. My accounts had been banned. So everytime you depend upon individuals, it might probably go ugly at any time. So good contracts are fixing this problem.
Why did you actually develop this undertaking?
Paruyr: So after, after being uproar, I understood, like, how can I repair this trade as a result of it’s damaged, proper? So I created bookmaker scores. It’s now been 10 years since I began it in 2011. Now it’s the most important on-line media in Eastern Europe about sports activities betting. And so our enterprise is constructed on distrust between gamers and bookmakers. Right. So we are the impartial third celebration, which creates belief between these two events. And with good contracts, you don’t want to belief anybody. And so our personal companies are being disrupted by this expertise, and that is one of the explanations that we determined to lead this disruption and create this protocol.
So how’s your expertise up to now, within the World Blockchain Summit? Can you inform us about, like, any ideas concerning the occasion?
Paruyr: Yeah, I imply, we’re very pleased to be right here. It’s our first, nicely, in all probability second occasion. I used to be in London final week for an additional massive occasion. And yeah, we’re simply very excited to communicate to individuals about what you’re doing. To see others you recognize, like good pushed people who are attempting to change issues or to obtain one thing. And additionally like ourselves, hopefully many of them are attempting to do issues for the higher, you recognize, as a result of I actually see our undertaking having a big effect in phrases of what it might probably do for that exact trade.
How can individuals attain you? Let’s say that they’re thinking about your undertaking, do you’ve gotten an internet site? Do you’ve gotten a sales space? How can individuals get a maintain of your data?
Ross: Yeah, so the web site is azuro.org. Then on Twitter azuro, on medium azuro protocol on Telegram as a protocol. And yeah, we have now a small sales space right here as nicely. So if there’s anybody round, we will likely be pleased to communicate to them.
Do you’ve gotten any ultimate ideas for us? Do you’ve gotten some other occasions upcoming? Where can we discover you subsequent? Maybe you’re planning to go to the opposite occasions right here in Dubai or anyplace else?
Ross: Yeah, for Dubai, I don’t suppose we have now additional plans. But some half of the group is truly going to Lisbon subsequent week, which is going to be a giant week. Great occasions there. So some of our tech and engineering guys are going to be there. They’re going to take part in a hackathon. We are additionally planning to host a pleasant occasion as nicely. So I believe that’s going to be very thrilling. And additionally we are planning for perhaps Hong Kong we haven’t determined but as the subsequent occasion to do for Azuro.