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The proof of concept, which was built in seven weeks, automated the procurement process. More importantly, it reduced the average contract award time from 100 days to less than 10 days. Complex tasks such as financial review was automated through the use of blockchain. It also eliminated human error, bias and subjectivity from the process. A smart contract deployed in the blockchain automatically calculated the financial health score from the offerors’ balance sheets and income statements. The entire process was standardized using commercial and government practices.
The latest trailer for From Vegas to Macau III has been released, ahead of its much-anticipated release next month. The action-comedy, which also goes by the name The Man From Macau III, or Du Cheng Feng Yun …
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“We are pleased to have signed a long-term agreement that facilitates Betfair’s continued participation in the fast growing, licensed Australian market alongside a partner with a strong local presence,” says Breon Corcoran, CEO of Betfair. “This represents an extension of Betfair’s B2B operations and is a new and profitable operating model for the exchange.”
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Ainsworth will be hoping that the acquisition halts a disappointing slide in revenue in 2015. In June, Ainsworth conceded Australian supremacy to their nemesis, Aristocrat.
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