Why Blockchain Is The Next Big Thing In Gaming

Back in 1964, when Bob Dylan (that Nobel Prize winner, remember?) swooned to the lyrics of ‘The Times They Are a-Changin’’, who’d thought the words would manifest themselves so brutally? Decades later? But while most changes around us seem gloomy and simply a repetition of history’s brutal cycle of jokes, there’s a silver lining every now and then.

Blockchain technology, amongst a barrage of other new tech on the block, heralds some of this good change. But how and why exactly is blockchain the next big thing in gaming, of all places?

Blockchain in Gaming

A while back we wrote a modest piece on blockchain technology. An explainer of sorts. If nothing, blockchain surely does make the process a lot more safer and secure. And even if it’s open to breaches, systems that employ blockchain are a lot less vulnerable, if not a 100%. 

Pay securely

Secure payment

The gaming industry for one is touted for great things. Greater numbers, greater players, greater engagement and even greater exchange of money and digital cash transactions. The last one should ring a bell especially with respect to why blockchain technology plugs the gap. Every online game has in-app purchases. You compete in tournaments and win prizes – mostly monetary. With digital currencies (like cryptocurrency) calling the shots on a number of transactions these days, blockchain allows players to facilitate such transfers securely. Some good wallets that make for such secure transitions – MyEtherWallet, Ledger Nano S. 

Developers connect!

Developers connect! Blockchain gaming

Blockchain has particularly facilitated fluidity when it comes to and exchange of ideas between developers. Whether budding or experienced. By building games on blockchain, you could allow others (and yourself, in the ecosystem) to start building games on a base code. Not from scratch. With a certain kind of community consensus as a result, the communication between developers and gamers proves a lot more beneficial. And why not? Games always tend to get enriched with better ideas to boost and improve the game. 

One size fits all

Blockchain in gaming

As explained in this well-worked piece, blockchain technology is quite genre-neutral. When it comes to games. While card games were one of the first games to employ blockchain, real time strategy games are great to make use of blockchain. What with the multiple assets on such games, the contracts governing gameplay, multiplayers features and so on. And irrespective of the genre, the gaming industry stands to benefit from blockchain features such as making transactions quick, seamless and transparent for transaction between n number of parties from across the world. 

Blockchain in gaming

For non-gamers (like I was say until a month ago) gauging the benefits of introducing a mass adoption of blockchain technology in the gaming industry may seem much ado about nothing. Well, why not jump right in? Or at least dip your toes in the pool with these games.

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