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Distributed decentralized technology facilitates the superior interoperability of gaming items (which are sometimes valued in thousands of pounds), which can be instrumental in creating a multiverse experience.
SAN FRANCISCO (PRWEB)
2 January 2019
The video game industry is highly competitive and very profitable. The new gaming companies are growing in the United Kingdom – which is also the fifth largest video game market in the world in terms of consumer revenue – quickly. In a race to keep up with the next video game being released, game developers are joining software development companies to create new features. This trend of collaboration between two of the most prolific industries in the technology sector has a blockchain company based in California that works with a leading video game manufacturer in the UK to provide it with a blockchain gaming platform at the forefront.
Video game industry in the United Kingdom
Given that some of the most monumental productions that have ever been part of the gaming world were born in the UK, it is very likely that the region is one of the pioneers to adopt any promising new technological innovation as a blockchain.
A survey conducted in June 2018 revealed that 2,261 gaming companies of all sizes and sizes were active in the UK, and 62% of those had been created since the start of 2010. Their products can be managed through 39; full range of gaming technologies, including mobile devices, PCs and consoles, rapidly developing sectors such as VR / AR and esports.
About 32.4 million people in the UK play video games, which represent a considerable audience share of 2.6 billion global games, and have spent a record 5.11 billion pounds in 2017 rising by 12.4 % compared to 2016 (£ 4.33 billion). Software growth is expected to continue, making this an opportune moment for the UK gaming industry to ride the wave and experiment with new technologies.
Blockchain Gaming Platform by HashCash Consultants
The blockchain gaming platform of HashCash allows the diversification of gaming experience like never before, while providing a secure gaming ecosystem. The Chief Executive Officer of HashCash Consultants, Raj Chowdhury, explains: "Decentralized decentralized technology facilitates the highest interoperability of gaming items (which are sometimes valued at thousands of pounds), which can be instrumental in creating of a multiverse experience.This is just one of the many ways in which blockchain can revolutionize the way we live video games today. "
A blockchain, by its very nature, is immutable and allows a secure retention of game scores and transactions. HashCash Consultants has a strong presence in the financial sector and is an expert in cryptocurrencies. Game companies may choose to create a new native digital asset or integrate existing digital currency to operate on the blockchain network created by HashCash. The execution of transactions using cryptocurrencies has several advantages, especially in its ability to curb rampant fraud in online games.
HashCash adds another aspect to the monetization methods of the gaming world that are mainly based on gaming transactions and participation fees. The blockchain company establishes a cryptocurrency exchange for the gaming platform in which cryptocurrencies can be exchanged. The risk of obtaining profits through exchanges is not high, given the greater liquidity of cryptocurrencies in general.
The future of blockchain and games in the United Kingdom
The 2017 recorded £ 3.5 billion in sales, making it a reference year for gaming software. This included both digital and online sales (£ 1.6 billion, + 13.4%) and mobile games, which. For the first time in history it has achieved revenues of over £ 1 billion.
It must be remembered that even if the gaming industry earns billions of dollars, many of the participants are children who can not venture too far into video games. This is because transactions within games are expensive, mainly due to processing fees that require services from third parties such as banks and other payment processors. Blockchain also solves this problem by making the games more accessible. This is in itself a strong enough factor to make DLT a pillar of online gaming.
About HashCash consultants
The HashCash consultants started out as a Blockchain consulting firm in California. Today, HashCash products enable companies to move resources and settle payments across borders in real time using the HashCash Blockchain network, HC NET. Financial institutions use HC NET for retail remittances, corporate payments, trade finance and payment processing. HashCash also manages the exchange of cryptocurrencies in the United States, PayBito and the main payment processor Cryptocurrency, BillBitcoins. HashCash offers white label solutions for the exchange of cryptocurrencies and payment, complete ICO services and design and development of custom use cases. HashCash promotes blockchain progress through the Blockchain1o1 program and its investment arm Satoshi Angels.
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