05:16 GMT09 April 2020
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    While blockchain is taking over the world, some industries that are not associated with high tech are beginning to pick up the new trend. Horseracing is no exception.

    The Kazakhstan Horseracing Association (KHA), set up in 2012 as the country's first equine management organization, has plans to build a huge horseracing park covering over 1 million square meters.

    READ MORE: Indian Techies Riding the Blockchain Wave, With or Without Cryptocurrencies

    The KHA has sealed a deal with the China National Compete Plant Import Export Corporation (Complant), which is expected to begin construction in Q1 2019. The project will include an amusement park, a shopping center, hotels, VIP villas, and horse racing facilities that will hold up to 700 horses. The facility will be located 20 kilometers from Almaty.

    Giant letters, reading the word blockchain are displayed at the blockchain centre, which aims at boosting start-ups, on February 7, 2018 in Lithuania's capital Vilnius
    © AFP 2020 / Petras Malukas

    The park would feature an open-source platform operated by a new token called ‘Pegasus Coin', which would contain all the information that gamblers need, including horse pedigree.

    The new currency will require special wallets to use any services, including gambling, catering, and shopping.

    Token sales kick off on August 27, with the company hoping that the new crypto currency will go international.


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    crypto, token, Blockchain, horse racing, Almaty, Kazakhstan
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