Without trust, the world of modern commerce would quickly break down. After all, how can you place an order with a given platform if you don’t trust that you’ll get the result you expect? Trust even underpins many of the currencies we use: the value of a British banknote, for example, is underpinned by the fact that we trust the Bank of England not to print money recklessly, and to install various fraud-preventing holograms and other devices into the currency itself.
Transparency through trustless systems
The modern era has seen the arrival of a new kind of system that eliminates intermediaries and encourages transparency. Blockchain relies on mathematical principles, and its workings are open and public. Anyone who wants to scrutinise a given transaction can do so. These networks are ‘trustless’, in that they remove any reliance on a third party. Everyone participating in a network of this kind can reach consensus without the need for authority – and so you don’t need to trust that the system won’t be tampered with: it is inherently tamper-resistant.
Fair play as a foundation
It isn’t just blockchain that values openness and transparency. In many modern online casinos, there’s a risk that the digital deck might be stacked. This is bad for business, since when customers perceive that they’re being treated unfairly, or a system is publicly exposed as being crooked, the results can be disastrous.
For this reason, platforms like the Mr Q casino site value openness and transparency. Play a game using these services, and you’ll know exactly what to expect – which makes for a much more enjoyable experience.
Security and accountability
When you’re sending money online, it’s vital that you’re able to trust the medium through which it’s being sent. Different platforms do this in different ways. In the case of blockchain, decentralisation helps to provide a layer of security.
Since there’s no single point of failure, it’s much less likely that the network will be compromised. Platforms like gaming sites and casinos, on the other hand, must protect their systems rigorously, through two-factor authentication, encryption, and other methods.
Long-term loyalty through trust
Of course, the reputation of a given online actor also matters. Player-first gaming models and blockchain ecosystems work largely because they are trusted by the people who use them. Were that trust to be undermined by a systemic failure, then these technologies might swiftly be abandoned.
