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AGTech wins blockchain technology deal with China’s Welfare Lottery

9th May 2019 6:17 am GMT

Hong Kong-listed lottery supplier AGTech Holdings will explore the application of blockchain technology in the lottery industry on behalf of China’s Welfare Lottery.

The Welfare Lottery awarded the contract to an AGTech subsidiary to research and develop a new electronic lottery draw platform based on blockchain smart contract technology, which has been developed by parent company Ant Financial Group.

AGTech will initially work with the China Welfare Lottery (CWL) Issuance and Administration Center to research the means and modes of [...]

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