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The world is completely changing with blockchain technology. The most popular applications of technology are cryptocurrencies, but we must realize that there are many more applications of one and many others coming. Various industries such as agriculture, energy and art are slowly adapting blockchain technology as well.
How to change the game industry using Blockchain technology?
Creation of universes of parallel games
It would be a good idea to make use of continuing to access the game universes for people who play online games. This can be achieved using mixed blockchain-based mixed books that will allow players to use a particular character from a game in many other games. DLT assures us authentic data through various verification processes carried out using Smart Contracts. So, whatever you create a player can be stored as a digital asset of him and recorded on the distributed blockchain ledger.
A substantial increase in prices for gaming products
The best part of the game is the possession of different game items that are difficult to use on different platforms. To increase the value of such virtual gaming assets using blockchain technology, there must be new ways to use such assets increasing the functional value of the asset, the versatile availability of the platform can allow players to exchange (buy or sell) virtual objects in exchange for fiat currency and creation of a virtual space that will allow the donation and sharing of these virtual resources improving their social value.
High level of security for games
Blockchain has the beautiful ability to encrypt the embedded data as a record on the open distributed log. This ensures a high level of security for data that is uploaded to the general ledger. This can help players keep their games data safe from hackers. It requires different levels of decoding mechanism involving higher mathematics. In this way, blockchain can manage and protect virtual game resources.
Setting up games based on rewards
There are several games out there like Modern Combat, Call of Duty, Battlefield and Madden that requires both skill and hours of dedication. If the player wants to go even from level 1 to level 10, he needs to invest long hours of dedicated time to crop up with the goal of breaking those levels of difficulty. But it has been observed that most of the time at the end of the day, after spending many hours playing these games, the player has gone with nothing but wasted time and aching inches. It seems damn difficult to accomplish because the levels are created in such a way as to hinder our progress. Using blockchain technology, game developers can issue tokens for their game players so that they are virtually incentivized at every level. Such a reward-based system will hinder the user to use the system multiple times and even the player will not be depressed with the dedicated time to enter. Award programs already used in many sectors to increase sales.
Payments for games
While we make payments for game purchases, we use fiat currencies through our debit / credit card. This is quite large in relation to the real price of the game, as the buyer is accused of transactional expenses of the Bank as it is involved as a third party between the owner of the game and the buyer. Using blockchain technology, payments can be much thinner. The third part is removed here making the system decentralized and transparent.
Recognition of developers
There are many games available on the market today, but there are only a few game developers for the same. With a gaming market of over 2.2 billion active players worldwide, 1 billion people spend money to buy games and game details. We are all familiar with the names of the games as it is the most known and known part of any game that we hardly recognize or try to know about the game developer. The same case happens for those thousands of neglected games that are never even downloaded. This is really unfair from the human point of view since the efforts behind any work are not recognized or appreciated with any prize. This creates a negative impact on these game developers. Using blockchain technology, the developer will have that premium recognition of the game he has developed as it becomes his resource that will be known by his name. This kind of encouragement must be cultivated to embrace more talents and creations.
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The Blockchain shares have not been paid to mention any shares / companies within this article nor do we own shares in any of the companies mentioned in this article. More information on our complete disclosure can be found here – Full Disclaimer.
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