How the Blockchain changes the game industry

How the Blockchain changes the game industry

Blockchain in gaming – The world is shedding new uses for blockchain technology every day. Although most people think of Bitcoin and finances when they hear the term ‘blockchain’, technology extends its scope far beyond both. You may already know that agribusiness, energy companies, and the art world are integrating blockchain into their operations. However, there is another unexpected field that also participates in: online gaming. Many electronic money projects are picking their controllers, so to speak, and some of the industry’s biggest names are contributing to their support. In this article, we will tell you how blockchain technology is entering the online gaming market worth more than $ 50 billion. The game platform is using Blockchain technology for billing As with other industries, traditional gaming payment systems are often slow, cumbersome and costly. They can also cause a wealthy ecosystem by intermediaries and large suppliers who benefit most from ineffective people. With blockchain, in-app purchases become friction free because money can be transferred directly from the player to the game developer. No intermediary needed in this transaction. The safety and stability of blockchain technology are sufficient to facilitate this type of unreliable exchange. Blockchain also provides value for game distribution. Instead of publishing to a centralized market like the Apple App Store, game developers can reach consumers directly through a decentralized market. Again avoiding a focused intermediary, developers only pay a fraction of what they would normally charge on sales. GameCredits is building this exact billing system. This project aims to become the single payment system for the online gaming industry. You can use GAME, the cryptocurrency of...

Pin It on Pinterest