Blockchain app development
There was a time when we all used to play Super Mario on a 16-bit gaming console, we felt content with that game. But now we are playing PUBG Battleground, which has completely transformed the entire gaming industry. The reason is the VR used in the game is precise and perfect. With each passing day, the game is witnessing new technologies which reduce the complexities of existing issues and make the game more dynamic.
Based on the report, approximately a total of 2.2 billion people plays video games which makes the gaming industry revolutions of $143 billion by 2020. In the upcoming years, the gaming industry is supposed to grow and we would see the new trends and problems on board.
However, problems like security, transparency are very frequent between developers and gamers. Also, things like fail policy and security are important. To resolve these queries, there is a technology named Blockchain that is a permanent answer to these problems.
So before knowing how Blockchain development is a permanent solution for gaming? Let first understand the knowledge of Blockchain technology.
What is Blockchain?
Back then in 1991, there was a group of researchers working on a new technique that is preferred to Blockchain technology. However, at that time it didn’t receive that much appreciation. Nobody used the technique for the next 18 years. Then in the year 2019, Santoshi Nakamoto launched the digital currency named Bitcoin. Bitcoin is the work first cryptocurrency developed on blockchain technology.
Essentially, blockchain technology only records a few details of a transaction. Nobody can change the transaction detail virtually. In all the blockchain transaction, the block compromises only details like transactional data, hash which connects the blocks to the previous block. If anyone changes the detail of a single block, the entire hash will be change. But then the entire blocks will become invalid.
Though, modern computers are capable of computer power to benefit which calculate the hashes and highlight the change, if any changes are made to block data. Blockchain technology work on a certain mechanism that reduces the creation of blocks. For instance, somebody adds a new block for Bitcoin, it will consume around 10 minutes.
Blockchain is a decentralized ledger of online transactions that are connected within a network with everyone. If a new block is added to the chain, then it will showcase to everyone and evaluated only by their consent. On the other hand, the hardened blocks are disallowed to the other users.
What are the Benefits of Blockchain?
Transparency
Blockchain is the most transparent online transaction technology. Because it uses a decentralized network where numerous different peers are doing transactions and its validation. For transaction validation, the system uses a certain method in which peers take part according to their consent and check the transactions. Additionally, there’s a copy of the transaction record is available to everyone who completes transactions on blockchain technology.
Security
Data is critical and sensitive, and blockchain displays how your data is important. By integrating a system that can’t be altered and is encrypted end-to-end blockchain which prevents hackers’ activities. Privacy, personal data are addressed on all the blockchain technology to prevent access. Information of blockchain technology is stored on a network instead of a single server which makes it difficult for unauthorized data.
Cost Reduction
When the transaction is fast, it reduces the price of the process. There is no third party involved in the transaction methods. When companies collect data on services, it consumes a lot of money to organize the data. Companies hire a lot of people to collect or manage the data. When there is no central server, no maintenance is required.
Traceability
Blockchain technology enables the production of error-free supply chain management that works well for both sellers and buyers. But, there were issues like theft, loss of goods, this was not the case with blockchain technology. Thanks to advanced blockchain technology, the transactions are more transparent. This guarantees that no other technology is a replacement during the entire of both participants. In-house implementation of blockchain technology offers by blockchain development company offers enhanced traceability.
How Blockchain Revises Some of the Problems in the Game Industry?
There are major problems that are in the gaming industry that can be solved with blockchain technology.
Verifiability and Transparency
In the 21ST century games, there are games in which players perform certain missions using certain things. These things could be everything from cars, guns, and bombs to drop and characters. However, due to less number of games, players buy asserts with real-world money to help them play the game more effectively.
Since there are numerous assets in the virtual game. The developers create these assets to a large extent and create a marketplace for the games and for a certain place. But still, games don’t prefer to buy these assets because of a lack of transparency and liability.
Developers of blockchain app development that helps gaming companies by offering a decentralized distributed ledger for enhanced tokenization. This enables players to check assets. Thus, the credibility of game development companies will develop among gamers. On the other hand, gamers can buy assets for such a decentralized industry at an affordable price.
Verifiable Assets Scarcity
The game programmers provide assets at a fixed price. Thus, programmers can find assets according to the current game levels they are on. If blockchain is included in the assets, it becomes easy for gamers to find the verified assets before buying them. It not only just increase the trust but also enhance the valuation of the marketplace.
Collectible Items
Assets in the gaming industry are unique and collectible. So using blockchain technology, these assets like NFTs- Non-fungible tokens. It helps trade items easily, less expensive makes this wallet a unique value.
Security
The platforms which game developers are using on held on centralized servers and the acquisition of assets used in the game can be done on the mobile phones and desktop which is not secure. These gaming accounts where gamers manage earned assets can be stolen. Because there’s no security.
Blockchain is capable of resolving these problems. Since the technology is unhackable so it is important for developers to include blockchain technology into the games. It would not only increase the credibility of games but also boost them to buy the games’ assets.
Conclusion
The gaming industry across the game is evolving with each day passing. The current games are offering real-life experiences using technologies like VR/AR. In the upcoming years, we will witness some intuitive, impressive, remarkable gaming experiences with the help of these revolutionary technologies.
Consequently, the issues that programmers deal with are also going to increase. But technologies like Blockchain are considered as the one-stop solutions for all such problems.
The combination of gaming and blockchain technology will reduce the problems of businessmen and entrepreneurs.
Hire a blockchain development company to make interesting online games using blockchain. That’s how blockchain is revolutionizing the entire gaming industry.
