According to the report by Research and Market, the global lottery market is expected to rise at a compounded annual growth rate (CAGR) of 9.44% between 2017 to 2021. However, the lottery industry still deals with many hindrances, such as lack of transparency, slow processing, jackpot fatigue, security threats, high commission charges etc. These pitfalls impact the efficiency of the entire system and keep people away from its precarious environment.
Donocle is a decentralized platform that removes these critical issues by leveraging blockchain technology. The platform also employs Open Data Flow technology that enables players to monitor their earnings and track the flow of payment. This openness allows users to check the validity of the process and eliminate the fear of cyber exploitation.