Same similarities, shared benefits

Blockchain and online gaming are two areas that intrinsically share a number of similarities in their natures which could generate far greater benefits from mutual collaboration and leverage.

Forbes has noticed just how much potential gaming can be as a “real adoption point” for blockchain. Online gaming, it observes, has similar characteristics to blockchain where both are relatively new spaces “starting to explode”.

Both offer much potential for the future, are run by people more inclined towards technology, and are “predominantly younger”. Also, while “the mainstream world does not really understand the gaming economy… the same can be said about the approach and understanding of blockchain”.

What blockchain can do for gaming

For gamers, common bugbears have been personal data leakage, fraud, high fees, and unfairly programmed or obscured gaming odds.

While blockchain-based games might still be limited in scope, blockchain itself can help gamers counter their bugbears. It can, for example, reduce fraud. It can optimize and speed up in-game transactions in a more cost-efficient manner. It can also give gamers full ownership control of their in-game property over game developers, and liberalise the portability of such assets, according to Aerum Technologies, developers of a high-performance and scalable platform for B2B and B2C financial applications.

SingularityHub also expounds the same benefits. In an industry worth almost $109 billion, it notes additionally that blockchain is shaking up gaming for some 2.2 billion players worldwide, with even major technology and gaming companies like Sony and Microsoft exploring blockchain options, not just dedicated gaming companies.