Today’s gaming systems are all centralized. Meaning that they rely on a central authority. Such as a platform provider. This is to verify game data and handle user profiles in exchange for money.
With this centralized structure comes an array of issues. Such as, trust boundaries must get drawn between different parties. Which can lead to instances of fraud. There also needs to be a way for different parties to share data.
So that everyone benefits from it.
These issues can get fixed through blockchain gaming. Which redefines the industry through decentralization instead of centralization.
This article will discuss how blockchain gaming can redefine the gaming industry. All while providing some real-world examples of companies using blockchain technology.
What is a Blockchain?
A blockchain is a decentralized and distributed, public ledger. It helps track assets and transactions across many entities. It is a database that is growing. Thus it is very secure.
Example of Blockchain
For instance, a blockchain-based food safety system that tracks food. This is from source to store. It could ensure that the food is what it claims to be and is the right food at the right time at the right place.
This would cut food fraud and food recalls. Like the gaming industry can leverage blockchain for player profiling and fraud prevention. This will result in a more reliable, secure, and verified gaming experience.
Related: What is a Blockchain Casino?
How Can Blockchain Redefine the Gaming Industry?
The gaming industry has been very centralized for a long time. This means that gaming platforms and game publishers are all centralized parties. This has led to trust boundaries that must be always drawn between central parties.
It’s also led to instances of fraud. A decentralized approach to gaming, through blockchain, can completely replace centralized gaming. It can do this by using decentralized technologies like smart contracts.
This allows for the storage and retrieval of information. This means that game data can get stored on block chain networks. Gamers can then get verified with the help of these networks. This data can also get verified in an automated manner.
It means that there is no need for a human to verify the data. A blockchain network can also have a reputation system.
This allows for the creation of a “gaming” blockchain. This gets geared towards providing specific benefits for the gaming industry.
Can Blockchain Make in-game Purchases Easier?
There is a common problem that arises when gamers want to make in-game purchases. This is because they have to wait until a game gets released. Then they need to go out and buy the game.
Then they need to play the game to get the in-game items that they want to buy.
This can be a long and boring process. The blockchain can help here. It can get used to creating a decentralized network for the gaming industry.
This can get used to create a network. Where gamers can find in-game items that can get purchased and distributed. This is like how decentralized networks like Ethereum work.
Can Blockchain Provide a Safe Space for Game Developers?
The distributed ledger technology of blockchain can get used to host games in a secure way. That’s because it serves as a distributed data storage system. In the gaming sector, it can get utilised to build a block chain network.
A result of this is that data can get saved and later retrieved. As an added bonus, it can check the dispersal of virtual goods.
This has the potential to enhance gameplay. This can get achieved by doing away with the necessity for a separate verification step.
How has Gambling Become More Fair with Blockchain?
Gambling can be a fun way to spend time. But, it can also lead to unfair outcomes. These outcomes can be due to various reasons. These reasons include the following:
- Bad luck: Some gamblers are lucky. They get more wins than losses. This luck can get exploited by unscrupulous operators. This is difficult to detect since luck is subjective.
- System flaws: Some systems rely on humans to make the final decision on the outcome. This can get exploited by operators who have concealed information.
Benefits of Using Blockchain in Gambling
Gambling has a high incidence of fraud. This can be due to many reasons. One of these reasons is that the gaming network has not verified a gamer’s account. This can get solved with blockchain.
Using a blockchain network for the gaming industry can allow for more transparency. All in the gaming network. This can help to detect and prevent fraud. It can also allow for the traceability of funds.
This traceability can get used by regulators. This is to ensure that gaming networks are operating within the law.
These are some of the ways that blockchain can redefine the gaming industry.
Bottomline
Esports is becoming more and more mainstream today. So it’s important to track how they affect mental health.
Whether you play yourself or watch it from the sidelines, it can be hard to avoid the negative impact that esports can have on your mental health. There is so much money and prestige on the line. Many players are driven to push themselves to the brink to get ahead and stay there.
When it comes to mental health, there’s no one-size-fits-all approach. You have to find what works for you. Esports is a great platform if you love competition, teamwork, and strategy. Also, read some guides and articles!
