A Closer Look at Block Chain Technology
Blockchain for Personalization, Opportunities and Challenges for...
Blockchain Rising: Have You Considered Blockchain for Your IoT...
Blockchain to turn Insurance into an Enjoyable Activity
Could Blockchain Technology Disrupt Commodity Trading?
Shane Randolph, Managing Director, Opportune LLP
Riding the Blockchain Wave: Challenges and Opportunities
Eric Piscini, Principal Global Blockchain Leader, Deloitte
Blockchain to Revolutionize the Financial Industry
Safwan Zaheer, Director, Financial Services Digital & Head of FinTech, KPMG US
Three Steps to Launching a Corporate Blockchain Initiative
Joshua Leland, Director of Blockchain for Development Solutions Lab, Chemonics International
Blockchain for Improved Gaming Experience
Blockchain can provide users with a unique virtual gaming experience by offering unique experiences and better security to gamers. Not just tech giants but even start-ups are beginning to invest more and develop blockchain gaming.
Blockchain gaming allows players as the master of their accounts, game properties, and data in the game, and deals cannot be managed or supervised by anyone. The best part of it is that consumers can make profits and invest while playing games. The gaming is decentralized where there is no centralized authority to govern or manipulate the scores or earnings. The whole process in blockchain gaming is automated with smart contracts ensuring that there are no human interventions.
Due to certain inherent problems, the gaming industry was always a controversial sector. Players are concerned about high fees, unsecured data, and fraudulent activities. These problems can, however, be resolved with blockchain technology. It can save billions by eliminating any opportunity for fraud.
With the beta-tested digital currency, gamers are now testing blockchain possibilities. People will soon use it to tokenize assets in a game and in real life to facilitate their representation and sale in a decentralized exchange. Companies like B2Expand have already started to use the crypto economic system to reduce fraudulent activities. Game items regularly face hackers’ security threats. Therefore, online data storage appears to be a risk to gaming companies. But Blockchain encryption has turned out to be a sustainable solution. Blockchain encryption data prevents hackers from breaching it. This technology requires right nodes at the right time to break — this way the game items are protected against breaches.
High game prices restrict the customer base of developers. This is why gamers are looking for stolen game items on the digital market. Blockchain, however, offers affordable micro-transactions. This can enable developers to sell their power-ups at low prices without losing profits. A user can also control his expenses while playing online games. This shows that the use of blockchain in computer games is growing rapidly, and companies are only beginning to explore the possibilities. The blockchain technology is bound to reduce controversies in the gaming industry, empower smaller studios, and improve the interactions, stories, and adventure experience of gamers.