Blockchain Use Cases: Video Games

Blockchain Use Cases: Video Games

2020-09-16 09:11:43
TODAY GAME INDUSTRY
Today, the majority of online games use the centralized model. This means all related data is stored on a server which is completely controlled by the game administrator.
These usually include account information and server history - a record and archive of all in-game events and assets collected by the player (e.g. collections, products, and money). virtual).
Since the database is owned by a single company, the player has no real ownership over their account and items. In addition, centralized servers have many limitations and security holes, which may include:
Server malfunction due to technical problems
Hackers enter the system
The game stopped working
Accounts are unfairly banned
Lack of transparency about game mechanics and proportions
Manipulating the game economy by developers and administrators
In other words, the power rests with the game companies. But fortunately, blockchain technology can eliminate or minimize most of these problems.

HOW BLOCKCHAIN ??TECHNOLOGY WORKS.
As a distributed database, a blockchain-based system can be used to verify and secure all types of digital data, including in-game history, digital items, and crypto assets. The main purpose of this is to take the power of the game studio and give it to the players.
In this way, each player can have full control over their own accounts and digital assets and can freely trade these assets at any time. There are different methods for developing and maintaining a game on the blockchain.
How can blockchain impact the world of games?
This section introduces some of the most common uses of blockchain technology on the gaming industry.

REAL PROPERTY
As mentioned, blockchain-based games allow players to have permanent ownership and full control over their in-game assets. Typically, each asset is represented by a unique and irreplaceable (non-fungible) blockchain-based token, such as an ERC-721 token.

CONCENTRATED MARKET
The game companies have control over their dropout rate (the probability that prizes will fall from the enemy when a player is killed) and the economy of their game. These companies can also lock or restrict in-game items, preventing players from trading them.
In contrast, games built on the blockchain network allow the creation of decentralized markets. This prevents players from trusting each other, while also allowing for anti-censorship. All players are free to buy, sell and trade their in-game assets on a peer-to-peer basis.
Cut down the costs
Blockchain and smart contracts can help reduce costs and speed up financial transactions. This technology allows to make all types of payments, not only for transactions between players (peer) but also between players and developers.
Trade assets between games
By linking in-game data and items with tokens on the blockchain, players can trade assets between different games. This can allow players to recycle digital assets while testing different games.
Since in-game items are denoted as digital tokens, players can trade these tokens on other game markets, hosted on the same blockchain.
Fair playing field
Depending on how it is deployed, blockchain allows for the creation of open-source, distributed, and transparent game servers. In such cases, the playing mechanism can only be changed if a majority of the network votes for it.
Additionally, the decentralized nature of blockchain prevents hackers and fraudsters from breaking the game as there is no point of corruption.
Content may include in-game cards, costumes, equipment, and characters. But regardless of asset type, they can all be linked to tokens on the blockchain, maintained by a distributed network.

Unlimited GAME PLAY.
When a game exists on a centralized server, developers can abandon the project or close the game at any time. With blockchain, players can continue to play even when developers stop the project.As long as the blockchain network continues to function, the game persists. In some cases, new developers will take over to continue perfecting the project.

LIMITATION OF BLOCKCHAIN NETWORK
Although blockchain technology has opened up a whole new horizon for the gaming world, there are still major challenges that it needs to overcome. Some of the challenges include:
Ability of extension. Blockchains tend to be much slower than centralized networks, which can leave games on the blockchain intact.

CONCLUDE
Blockchain technology clearly has great potential in the video game industry. It brings significant improvements for gamers and developers, especially in terms of decentralization, transparency, and interoperability.
If developers can overcome these major limitations, blockchain will likely change the world of video games for the better and will likely see a whole new entertainment sector offering more freedom. for players.
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