Algorand, a blockchain platform, has formed a partnership with World Chess to improve chess ratings. Since the partnership's inception, there have been impressive results, including 200,000 daily transactions and over 211 million transactions since June 2020. The use of blockchain technology ensures reliable and real-time updates of chess ratings on the FIDE Online Arena website, addressing the issue of rating fraud and discrepancies. This partnership demonstrates how blockchain can enhance digital ecosystems and foster secure financial interactions globally.



Other News from Today