Developments in the gaming industry are not quite uncommon, and the technology of blockchain is now the following or for some the latest, a wave of disruption to the industry. The critical shifting factor for the gaming industry is taking it from a traditional hardware platform, and on the cloud, via a decentralized gaming ecosystem. The technology of blockchain naturally lends itself to achieve this.

Cloud gaming is not a new concept

A lot of gamers all over the world are missing out on playing some of the biggest titles in the industry, because of lacking the powerful hardware required for running the games sufficiently. For that reason that the gaming industry is required to move to the cloud where processing power can actually be shared, a step which without any doubt is going to transform the industry as we know it today. Blockchain technology also helps in this shift with the encouraging owners of powerful gaming PCs and GPUs, to “rent” their servers to the individuals that not necessarily have the funds, or hardware which they require, to play the games they wish to. It means that gamers are not going to have to invest in expensive gaming consoles, as well as some other hardware. The more developers look into the blockchain technology, the more it will become evident that it is a natural transition for the industry.

Cloud gaming is somehow not a new concept, but a lot of people encountered fundamental problems in the past, namely internet quality, as well as service difficulties. If the first problem was improving during the last few years, the second was causing some severe challenges which stopped the development of this technology for a while.

Now, decentralization is the answer for sure. It is imperative to a speed up scaling process, and it is going to give the power back to the gamers, as well as out of the hands of the corporations which are currently ruling the system. Without any central body, consumers can communicate, as well as socialize directly without intermediaries. It is going to permit the freedom, as well as the flexibility which is going to benefit from the gaming experience.

In fact, a re-occurring theme in the usage of blockchain technology in the gaming industry is the end goal of transferring power back into the hands of the gamers. One of the examples is the way in which some innovators apply blockchain to the sale of gamer-earned digital goods, where the players earn a reward or item, because of the time, as well as the effort which they invested in the game – and then sell it on for monetary reward. However, such types of transactions can usually end in a scam, and those that are regulating the process, for instance, Steam, can only offer Steam credit in return for sale, rather than money.

But, blockchain technology is set to transform the process. There are a lot of companies which are now developing decentralized marketplaces for the sale of in-game items. These are safe spaces for transactions like that, as a result of the blockchain.

Playkey token allows exchange and trade without worrying about that

The transparency that it provides is the key benefit of Blockchain technology, and decentralized gaming is set to depend on the exchange, as well as investment of cryptocurrency. For instance, the Playkey Token, as well as blockchain, permits all users to have the ability to exchange and trade without any worries. As a general rule, crypto transactions are easy-to-monitor even if they are not yours. For instance, one user perfectly can view the contents of a crypto wallet with just maintain the wallet address if the transaction was made under the smart-contract of the decentralized crypto exchange such as EtherDelta, for instance. Another smart contract which is also required for managing the rules of interaction between a miner and a gamer in a future Playkey decentralized ecosystem is a transparent mechanism to guarantee a miner is going to get it to reward, once when certain conditions within the renting out its PC are met.

The online gaming security can also have some significant benefits from the technology. Hacking is a standard, as well as a frequent occurrence which often happens because of the use of centralized networks, which means that hackers have an easy entry to the entire system with just a simple point of failure. There is no possibility to hack Blockchain network similarly, because of their decentralization, which means that there are many servers which are active at any time.

Another thing which can also benefit from the embracing of blockchain is competitive gaming, AKA e-sports. The inner gaming workings and its servers, which are known as Core Logic, is actually handled by centralized servers unquestionably, without any real evidence which will prove the fact that everything is working as advertised, as well as that the outcomes are genuine and un-tampered. In the future, this was an unsolvable problem. But, blockchain has the power to host a Public Core Logic, in that way proving absolute transparency. If this proved to be costly or complicated, there is a similar outcome which could be generated by proof of results, published to a public blockchain, which is going to permit analysts to re-run a game, should the result be in question.

While some of the solutions are closer to completion than others, blockchain is ready and is waiting to entirely transform the gaming industry, in that way creating a more transparent, as well as effective sector. Gamers are a passionate group of people that feel strongly about the gaming industry – a decentralized setup incorporating a lot of benefits of blockchain is going to hand the power back into the hands of the gamers, in that way creating a democratized platform for all of them.

Egor Gurjev, the co-founder, and CEO of Playkey

Egor is a serial entrepreneur, who is also the co-founder and CEO of Playkey, which is a leading online cloud-based gaming portal. Playkey is a peer-to-peer gaming portal which permits gamers to play high spec games on older computers. Over 2.5 million players per month use the Playkey cloud-based gaming platform, which handles more than 100 servers that are based on NVIDIA GRID and which are located in London, Frankfurt, as well as Moscow. Playkey has more than 45 R&D professionals on its staff, and it also has the partnership with Ubisoft, Bethesda, as well as Wargaming.

Previously, Egor set up a digital entertainment firm, which is known as Enza and which still operates today. The firm develops online stores that offer digital content for large telecom companies and retail chains. A division of the company which developed a platform for selling digital content by subscription was sold in 2017 to Softline, which is a large international IT company.

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