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Square Enix is the last video game publisher to discuss the use of blockchain technology for streaming future games. In a new year's letter to investors, Square Enix president Yosuke Matsuda discussed the company's interest in emerging technologies such as blockchain and streaming games.
"With the lowering of the cryptocurrency bubble, the use of blockchain technology has also spread to a variety of non-cryptocurrency domains," wrote Matsuda.
One was the gaming space, where there were some interesting developments with game services and gaming platforms using blockchain technology. We are also very interested in potential applications for blockchain technology in the digital content space.
If Square Enix decides to move forward with blockchain-based games, they will join companies such as Ubisoft, which became an inaugural member of the newly formed Blockchain Game Alliance in 2018. Other members include the blockchain software company ConsenSys and other startups like Enjin , Fig, Alto, Ultra, Gimli, EverdreamSoft and B2Expand. Ubisoft has also developed an entire game using the blockchain. The game allows players to earn digital money that can be converted into bitcoins.
"In addition, with the public and private sectors supporting cashless payments, numerous digital money services are currently fighting for supremacy in this field," Matsuda noted.
Matsuda and Square Enix also expressed interest in participating in the development of the video game streaming industry. The possibility of streaming video games based on blockchain will probably be further explored in 2019.
"In particular, gaming streaming services will be the main driver of a rapid transition from the sale of games in boxes to digital consumption," wrote Matsuda. "Streaming also lends itself to new subscription-based business models, so we believe deciding how to engage with these upcoming trends will be the key to future growth."
