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I remember the days where you had to drive to a casino to play a slot game, now it's in your hands. You can use blockchain technology to play games online right in your own home. It means that the game itself is played by the client and the server, there's no middle man or intermediary between the player and the game."
I ask him if it's hard to get people behind the technology or the project to get involved.
"The easiest to convince are people who have been on Wall Street, people who have invested in venture capitalists, people who know how things are done," he says. "I've just started this company with $100,000 and I'm trying to raise $250k. But we're starting to run into people like that, so I'm actually having a bit of success."
He has a lot of help, however. His team is composed entirely of blockchain experts, and he has hired two more. One of these two has actually raised funds, and will be working on the company's product while the second is still developing the blockchain tools in it's software.
The team has also recruited the CEO of another gambling blockchain company called Blockchain.eu, who joined as a consultant.
"When we're talking to Wall Street, they're usually very nervous about blockchain, the risks and security issues involved, but this project is entirely different. There are no security issues," he explains. "The real risk in Wall Street is that the banks will go bankrupt, the hedge funds will go bankrupt. We're completely different from that. We can make secure bets to make money."
One of the main strengths of the project, according to the CEO, is that it doesn't make any predictions about where it will be heading with the technology: "We have no intention to tell banks when it's going to be used and or when they can use it."
This isn't the first time Mr. Frewen has invested. His last venture in the sector, in 2014, made $600,000 in venture capital investments.
When I ask him which companies that are working on blockchain-based gambling have impressed him, he lists a couple off the top of his head: "We know of Betfair, which is a site that deals in live bets on games. Betfair is a very exciting company. They've raised $1.9 million and they're a large international operator, and they've hired me to come in and help them. We're talking about a new betting app, which could be available by 2016," he
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