Like EOS, TRON and Ethereum they have influenced the gaming industry

While the blockchain impact reports seem to focus primarily on cryptocurrencies, technology is affecting industries at all levels, and gambling is the one that benefits most from protected registries. The application of blockchain technology benefits both players and providers and ensures that the results of their bets are generated in a fair and secure manner.

Online gambling needs more blockchain than most industries

Blockchain technology has managed to move from a relatively obscure and abstract concept to one of the founding principles on which technological societies are based. Technology has managed to creep into almost every sector, ensuring its presence in the coming years.

And while sectors such as aviation and insurance have been at the forefront of blockchain adoption, technology should have the greatest impact on gambling. After all, casinos have exchanged money with tokens in the form of tokens long before cryptocurrencies or blockchains appear.

In 2018, the online gambling industry should exceed $ 50 billion, as cited on Inc.com. A study by SuperData Research found that gaming on mobile devices increased by 75% year-on-year and now accounts for over 25% of all online gambling games.

However, the high number of websites offering online gaming makes it more difficult for a player to check the reliability of a site. The trademark of a reliable gaming site tends to be a byproduct of their reputation, and most players gravitate towards those sites not because of third party validation, but rather of the reviews they receive.

By integrating blockchain technology, all parties benefit from the permanent registration of a verifiable and immutable transaction log. This means that players have a guarantee of where their money is going and that their results have been generated fairly.

With an online game blockchain in place, there is no obfuscation of the rules, which are clearly readable by all parties, and an immediate payment is guaranteed. There is no doubt about a site that holds winnings because there is no site that regulates the game. Player funds enter directly into an intelligent contract without the need for an intermediary.

An increasing number of gaming apps are a direct response to industry issues

According to a report recently published by Dapp.com, most of the dApps have been implemented Ethereum they are linked to the gaming and betting industries. During the third quarter of 2018, 244 dApp were released Ethereum, with 110 of them related to the betting industry.

And while only 15% of EthereumUsers actively use betting apps, which account for only 20% of total transactions on the network during the third quarter. The betting odds also accounted for 18 percent of the total volume distribution of ether on the network, as shown by Dapps.com.

Dice2win, a blockchain-based dice game, got third place on the list Ethereum dApps with most transactions, while Fomo3D, a controversial scam exit game, has attracted the most users.

The increase in the demand for betting without trust is better reflected in EOS, a blockchain-like platform Ethereum. Although significantly younger, EOS is often described as the Las Vegas blockchain, as more than half of the 60 dApps launched in the third quarter are betting platforms.

According to Dapp.com, 123 DApps went live from October 10th to 30th, for a total of 220 million EOS, equivalent to 1.2 billion dollars. The EOS betting player makes up 93 percent of the 6.2 million transactions on the platform, almost the same as the number of transactions on Ethereum dApp registered in Q3.

The platform's popularity can be attributed to its BFT-DPoS protocol, which allows a high TPS (transactions per second) rate while maintaining costly transactions. This model offers a fantastic user experience, substantially removing all the mishaps associated with traditional blockchains.

The stability of the platform also translates into the use of the real world, with EOSBet, the most popular EOS Däpp, becoming the first open source casino to acquire an online gaming license from Curacao, which in itself is one of the oldest online gambling regulators.

Massive payments from gaming apps show an increase in popularity

However, EOS comes with its own jokes, since the scale of users is very limited by its complicated wallet setting up. Users also have difficulty grasping the platform's RAM and processor protocols, like most platforms load users gas taxes.

The attempt to solve the problem of complicated configurations and buy-ins of the accounts is Tron (TRX), with initial statistics that show that the use of its dApp has the potential to overcome both Ethereum and EOS projects. Despite only a few months, the platform has managed to attract a solid user base by not requiring a special asset for computing.

A great indicator of the popularity of the platform among the players is the fact that Tronbet, its most popular bets Däpp, reached an unprecedented goal: from October 2018 a huge TRIX of 3.1 billion players was won. Although Tronbet was the first betting app launched on the network, it was responsible for pushing the traffic that the platform's native token saw, which brought the price of TRX to exceed that of the much larger ETH platform.

Although it is still unclear whether the demand determines the development of certain types of games, or vice versa, it seems that dice games are at the forefront of the blockchain gambling game. Another of Tron's high performers is Trondice, a simple dice game that surpassed TRX 200 million in winnings in November 2018.

The industry still has a long way to go

While all the data show incredible year-over-year earnings for most betting markets, the mainstream adoption in the gaming industry is still a long way off. Some important results have been recorded within the currently limited adoption paradigm, with the most important user safety, greater transparency and relative ease of use.

But the blockchain itself is a double-edged sword, and many of its main advantages are its main flaws. This is particularly visible when it comes to KYC and AML verification, since many betting apps do not require users to share any identifying information. The notion of complete privacy attracts a certain niche that allows these companies to remain profitable, but also allows a plethora of illegal activities due to the absence of regulatory oversight.

From the platform point of view, the adoption of blockchain technology in the gaming industry leads to the development of native platform tokens that can be used to pay for services within the Däpp. However, the current bearish the market offers few incentives for players to skip one of the hundreds of altcoins for such platforms, making it harder for companies to attract less encrypted customers.

It is still too early to judge the impact that blockchain technology will have on gambling, but the potential remains obvious. The raw innovation that is happening in the gaming space could mark what could happen to other sectors in blockchain in the near future.