Techies in the gaming industry have always been the guinea pigs of the technology world, and right now they are teeming with the buzz around blockchain technology. It is now believed to be the world’s leading software solution for digital assets.
After finding its successful application in almost every field—including finance, agriculture and geospatial areas— blockchain, the decentralised technology developed by an anonymous Satoshi Nakamoto, is now making an entry into the gaming space. In fact, some believe that the gaming industry is the first to see the next generation using blockchain technology.
Journey of the gaming industry
Since ancient days games have been an eternal part of human culture for social interaction. Back then, we did not have access to technology, and games were limited to the real world. Later, with advancements in technology, the era of video games was introduced, following which we had games that could be played on PCs and mobile phones.
Earlier, these games were mostly limited to one player, or another player sitting next to us. All of this changed as game developers brought massively multiplayer online (MMO) games—games that allow several players on the same server. Now, they are trying to shift their focus towards blockchain technology.
The gaming industry today
Gaming industry is one of its kind, and is fascinating for developers as well as users and investors. However, it still has several pain points. Let us introduce you to some of these, so you know how blockchain can resolve these issues.
Fear of losing digital assets. Some of us spend a lot of time and, sometimes, money to acquire precious assets in a game. But, there is always a fear that we can lose these any day. Several scenarios can result in this outcome. The game creator might go out of business, or some central authority might ban us from playing the game. This happens all the time, as we do not own these digital valuables. Rather, these are on a centralised server.
This story is from the November 2018 edition of Electronics For You.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the November 2018 edition of Electronics For You.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
Smart WATER SERVING ROBOT
With the advent of artificial intelligence, robots find application in various sectors such as industry, homes, bars, restaurants, events, agriculture, and even space.
Multi-Purpose Wire-Loop SECURITY SYSTEM
This multi-purpose security system utilises wire loops to secure items. Wire loops can be employed in various ways for security applications such as luggage security, bike security, bicycle security, room security, and door security.
The Importance Of RADIATION PATTERN OF AN ANTENNA
Look beyond an antenna’s size and gain; its radiation pattern holds the key to its performance. Understanding this can unlock a whole new perspective on wireless communication
"Capitalise On 'CHINA PLUS TWO,' Where Products With Higher Value Addition BECOME THE FOCUS"
EPIC Foundation aims to transform India into an electronics hardware product nation by collaborating with governments, universities, design houses, and startups.
ADDING LOCATION TRACKING To The Wearable Interface Device
Here’s how you can add location tracking, without GPS, to the project for a smartwatch like HID with keyboard and touchpad, which was published in March issue.
"NATUREINSPIRED ADAS ALGOS Will Be MUCH BETTER Than Robotic Paradigm Algos"
Most of the ADASenabled vehicles of today function on algorithms (algos) inspired by robots used in a logistics setup. Can ADAS algos inspired by the human brain and nature be better? In a conversation with EFY's Mukul Yudhveer Singh, Gagandeep Reehal, Co-Founder, CEO & CTO, Minus Zero, illustrates this using the 'sunset mistaken for red light' example, shedding light on where India's Minus Zero is headed!
NEW EV POLICY: Will It Kill More Than Two Birds With One Stone?
With China taking the lead in electric vehicle production and sales in many global markets, can India’s new electric vehicle manufacturing policy encourage champion brands to set up shop in India? Can this policy be the turning point for India’s automobile industry’s bid to go global?
A Device That Enables SELLING UNUSED INTERNET DATA From Your Mobile Network
What if you could sell your remaining mobile data before the end of the month or even daily? Christophe Bureau, a Board Member of DotDot, in a conversation with EFY’s Mukul Yudhveer Singh, sheds light on what the Dot device offers beyond assisting users in selling their unused internet data
"EV INDUSTRY'S In The Compounding Stage Of BATTERY CELL TECHNOLOGY"
As sodium-ion battery packs gain attention in India, does this spell a bleak future for lithium-ion batteries? Furthermore, where does hydrogen stand as a fuel cell and combustion fuel? Dr Yashodhan Pramod Gokhale, CTO of Battrix, weighs in
ASSISTIVE AI: Semiconductor Design, Manufacture, And Workforce
Together, human intelligence and AI create a powerful synergy, highlighting the vital lesson for the semiconductor workforce: adapt to new technologies
