How Can Blockchain is Creating Digital Gaming Superior
by Blockchain council Blockchain certificationsThe gaming industry is a growing one and
is making growth at a breakneck pace. Moreover, it has also emerged as a
mainstream industry. It is expected to touch the mark of $143 billion by the
end of 2020. With this massive growth, various technological interventions make
this industry even more significant, and one such matching technology is
Blockchain.
Blockchain emerged as an underlying
technology for Bitcoin exchange. However, its multitude of features made
Blockchain technology a positive disrupter in different industries, and the
gaming sector was no different. So, here we are focusing on how Blockchain is
making an impact in the gaming segment.
Blockchain
And Gaming
Before going ahead and understanding how
Blockchain impacts the industry, let’s look at some of the characteristics of
the gaming world:
· Game developers and entrepreneurs are
looking for a secure platform for creating, launching, and monetizing their
games.
· Gamers need a secured platform to buy
and sell their in-game assets.
· Players play many games, and they would
be creating their profile, which they want to be interoperable.
· Players want technology, which can give
them better control of the game.
· Fraudulent transactions are prevalent in
the virtual world of gaming.
So, these are the common bottlenecks of
the gaming industry that needs attention. Now the point arises how Blockchain
technology can help in resolving these issues.
Blockchain
As a Solution: Let’s Explore The Answer-
Blockchain is a distributed ledger
technology that offers a decentralized platform for the exchange of data or
information. These pieces of information are stored in the form of blocks and
are time-stamped. Once this data enters the ledger, it becomes immutable, and
it becomes difficult to alter or change it. All this makes Blockchain takes an
edge over conventional technology.
Key
Features Of Blockchain Technology:
1. Immutable
2. Decentralized
3. Time-stamped
4. No third-party
With all these features, Blockchain can
easily address the problem of conventional platforms.
A decentralized platform like Blockchain
offers gamers a secure environment wherein all their information and assets are
free from any malicious attacks. Moreover, the gamers get better control over
the games as there is no third-party governing it.
This decentralized platform has a highly
powerful data encryption technology like a public key, private key to secure
crypto tokens.
Developing games on Blockchain platforms
enables the gamers to transact in crypt tokens (digital assets), and these are
secured for completing transactions.
Crypto traders and investors have the
public address. Crypt traders and investors transact across different networks
using Blockchain networks. If you create games on the Blockchain platform, the
players take up a unique public address form one game to another. Thus, it
gives them interoperability across different platforms.
And lastly, Blockchain is a secured
platform where every information is time-stamped and encrypted
cryptographically. So, there is complete assurance of data security.
With all these set of benefits which
Blockchain has to offer, it is going to improve the gaming experience and make
it work seamlessly.
Conclusion-
Blockchain is the technology of the
future, which holds a lot of prospects. If you are looking for growth in your
career, Blockchain certification is the best move
you can make. For more updates on this technology and Blockchain online training, connect with
Blockchain Council today.
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Created on Jun 29th 2020 05:07. Viewed 422 times.