Application of Blockchain in the game industry

Application of Blockchain in the game industry

2020-09-16 09:45:50

The Blockchain ecosystem is evolving rapidly and reaching more and more users every day. Although this technology is mainly used in financial transactions. But until now, developers have discovered that Blockchain can also be applied to the gaming industry. With BitcoinVN News, find out what solutions Blockchain offers.

The game industry today.

Currently, the majority of online games (online games) operate under the centralized model (one server and many machines). All related data is stored on a database at the server and Game developers can in their sole discretion change the parameters of this online game.

The Player's data includes account information, activity history and in-game assets collected by the player (items and gold coins).

- Since the database is stored on a centralized server, there are many limitations and vulnerabilities:

- Server problem due to overloaded transmission line

- The system is compromised by hackers

- The game stops working during maintenance and upgrades

- Lack of transparency

The games are run by the main business model

In other words, executive power is always in the hands of the game companies. But Blockchain technology can eliminate or reduce this problem.

How does blockchain impact the gaming industry?

Ownership in the Game

Online games on Blockchain allow players to have permanent ownership and to buy and sell their assets in the game. Typically, each asset is tied to a unique token and is maintained in the decentralized network.

Property in online games can be loyalty cards, character equipment and costumes. All rewards and items in the Game are linked to a fixed token in the Blockchain network.

Exchange tokens across multiple games

By associating in-game item data with tokens. Gamers can trade assets between different games. This function is extremely new, this helps players not have to spend much time playing a new Game. Instead, players can exchange Coins from old game items and then use Coins to purchase new in-Game items.

Gaming on a decentralized platform.

Games are built on blockchain networks allowing the creation of decentralized Game markets. This eliminates the need for trust among players, while also providing resistance to censorship. All players are free to buy, sell and trade their in-game assets on a peer-to-peer basis.

Easy payment.

Blockchain and smart contracts have the power to reduce costs and speed up the processing of in-game transactions. They can offer players a variety of payments, making it easier for exchanges between players.

Unlimited online gaming.

When an online game is built on a centralized server, the developers can stop the game at any time. But with Blockchain, players can continue to play a game even as developers move servers elsewhere.

As long as the Game network in the Blockchain is active, the game still exists. But there will be cases where a new Game developer will take over the Game project if they see it still has development potential.

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