Redefining Gaming Industry through Blockchain:
If we say that the gaming industry is going to change the way we work, it would not make justice. From Super Mario and Prince of Persia days, we have traveled to an era where we can experience what we are playing through AR/VR. The total number of game development companies in India is 275. In the year 2010, it was merely 25. This number is an example of how big and voluminous the game industry is in India.
The current scenario of the gaming industry:
In the early 90s, India was introduced to the world of gaming. Even though Xbox and Playstations were not so common, people were crazy about the hand-held gaming consoles. After several years, the country is now witnessing the era of the smartphone. The country has statistics stating that 40% of the country is now using the smartphone. It is increasing at 12% gradually every year. With the help of Jio, we can now play games anywhere, at any time. In India, there are over 22.2 crore mobile games spending an average time of 42 minutes a day on different mobile games.
How Blockchain would affect the Gaming Industry:
Blockchain would record the information, usually consisting of a transaction. Once you record the information, it is not possible to change it. In every chain, there is a block consisting of the data, the block hash and hash consisting of the previous block. The data can be transactional and the hash can be a unique reference. If we change the data present in the block, every block would become obsolete. This adds to the safety measures.
The blockchain is one of the foremost tools with a lot of potentials to change the gaming industry. It can offer you a decentralized exchange of assets, more secure payment options, fewer collectibles, and virtual objects.
Since gaming assets are quite vital as tangible assets, the blockchain would be offering huge advantages in terms of protecting specific virtual items and digital tokens which adds to the payment related benefits. This helps you to enjoy more transactions meant for payments.
When we merge the virtual and real world, it is going to bring the attention of a lot of gamers. The feeling of being in the other world while playing games would drive the imagination of the players to the new levels.
The arrival of Pokemon Go:
Have you heard of RTS-games? That’s what Pokemon Go was all about. It would allow you to complete a set of tasks and move on with the quests that allow users to interact with the physical environment. The interactive games in the real world would allow people to explore nearby places, interact and communicate with more players owing to Blockchain.
Speaking about AR, one typical example would be the Mobile game “Worldopo dApp”, the real-estate location-based AR mobile game. There are plenty of Virtual Mining opportunities including tradable hexagon inside and outside the game zone, collectible and limited number of game items, inside the game, we have objects tokenization protocol and we can trade every game assets with the help of external game exchanges.
What are the advantages of a Blockchain game?
There are plenty of advantages that come into play when we speak about Blockchain games. Here are a few.
Ownership of their properties:- Players are going to be the real owners of in-game currencies and items. When you buy something, exchange or sell, you can save the transaction record for a long time. You cannot hack it. The digital purchases are going to be yours. It is going to benefit you outside the game world. You can save the game money next to your real money on your wallet.
Sole users of purchased items:- The items are going to be highly valuable and unique items in the game are going to be extremely unique. You are going to be the sole users of what you are purchasing.
Decentralization at its core:- The gaming economy is completely decentralized. Blockchain can create a direct connection between players and developers in different games and developments. Players would be able to make money on their progress, property accumulated and skillset.
Safer transaction:- The exchange of items is going to be safer than ever. The transactions and confirmation process when the ownership is exchanged is going to be something worthy.
What is the strength of Pattem Digital in Game Development?
With Pattem Digital by your side, you are going to have all your game development requirements covered. Right from brainstorming, pre-production to other processes, we stand by your side to aide you through the entire game development process.
We are here to support you with the endeavor when you want to use Blockchain technology for the Gaming Industry. From documentation to maintenance, we undertake end-to-end services.
We are nominated as the most promising company by CEO Insights.
We are soon expanding to the Bay area, Singapore and European countries.
If you want more help, we are here!
Contact us to let us know your gaming requirements.
