Impact of Blockchain on Game Industry? - Letsdiskuss
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@Giselle @Gomez

Business Analyist | Posted 10 Apr, 2019 |

Impact of Blockchain on Game Industry?

Preeti Taneja

Entrepreneur | |Updated 15 Apr, 2019

Imagine this…



You create a digital avatar of yourself. Very realistic. Very much like you.

Now, you're driving a racing card with that avatar in Need For Speed. And then later that day, you're in Call of Duty, with the same avatar, killing the bad guys.

blockchain-in-gaming-industry-letsdiskuss (Courtesy: NewsBTC)

You're using the same avatar in all the different games that you play.

Isn’t that amazing?

Right now that's not possible. However, with the integration of blockchain technology in the gaming industry, this is possible.

You enjoy a parallel gaming experience… playing multiple games and experiencing different universes but with the same avatar of yourself.

Blockchain makes your gaming data as a copyrighted digital asset.

blockchain-in-gaming-industry-letsdiskuss.jpg (Courtesy: Hacker Noon)

So, when you play different games, you can carry and use the same data. This is, of course, only possible when developers join hand to link each others' gaming universes.

There are many other benefits of integrating blockchain technology in the online gaming world. In fact, this is inevitable in the coming years that blockchain makes a big impact in this industry, which is expected to generate $128 billion in revenue by 2020.

The biggest benefit is the data security that this technology would provide to the users. With impenetrable encryption, you can rest assured of maximum safety of your personal data. No losing data, no loss in revenue.

blockchain-in-gaming-industry-letsdiskuss  (Courtesy: Pinterest)

In addition, with mass adoption of blockchain technology, the whole of the gaming economy would be regulated well, which would further help it flourish.

Then, of course, there would be no centralized body; so, the whole gaming industry would be democratized. And yes, making online transactions inside the gaming ecosystem would be so much easier and safer.

In short, Blockchain technology is about to make a BIG impact in the gaming industry in the coming years. 

blockchain-in-gaming-industry-letsdiskuss (Courtesy: Dissolve.com)