Without any doubt, Blockchain is still searching for its mass adoption, a perfect application that can set its path to become a usable technology adopted widely by the users.

Many people know only one application of Blockchain that is a cryptocurrency. Still, the adoption of Blockchain by the financial sectors has shuttered many faces, though there are many regulations from governments worldwide.

Blockchain technology has a broad scope in various areas, sectors, and industries, such as IoT, Manufacturing, and Medical industry supply-chain management. However, none of these sectors or industries has come to this date as a successful application for how Blockchain can be implemented with full buy-in and mass adoption.

But the gaming industry has a lot of potential in using and implementing blockchain technology. Gaming is a global phenomenon that generates revenue of ​$110 Billion​each year. It is also an industry run by people who are inclined to technology and predominantly younger. Blockchain does need that persona to target for early adoption.

The demand for virtual gaming items is quite substantial in this day and age. Many players are attracted to the notion of advancing in the game. Virtual things like characters power-ups have gained monetary value in the real world. This has also attracted fraudulent and fake sales, money laundering, phishing attacks, and theft. Also, the databases of the games or sites that allow trading of these virtual items contains thousands of credit card details and are frequently targeted by hackers.

Also, read – Top 10 Play-to-Earn (P2E) Games Changing the Face of the Gaming Industry

Therefore, given the massive size of the challenges mentioned above, the gaming industry does show potential for the Blockchain. Here are some ways Blockchain can resolve problems for the gaming industry to protect players’ and game makers’ interests.

1. Making payment processing secure:

The database of these gaming websites contains thousands of credit card details. Players worry about the protection of this

Integration of Gaming with Blockchain

information and their data. With Blockchain, gamers can keep their debit or credit cards details secure.

No matter how small the payable payment is, blockchain projects like Harmony offer a decentralized environment where projects can create their native token or currency. There is no way for a hacker to steal these tokens.

2. Minimizing fraudulent downloads:

The gaming industry suffers the maximum attack of online fraud downloads. Harmony Blockchain aims at saving billions by eradicating every chance of fraud.

● Here is how:​ The buyer’s public-key record is kept in the decentralized database for each successful purchase. When the player opens the application, they have to enter the associated private key to unlock and enjoy gaming. This works as an individual user licensing. There isn’t any

Integration of Gaming with Blockchain

way by which hackers can tamper with this database to add fake accounts.

3. Safe trading of virtual items:

● Trading sites for virtual items have weaker security than shopping or online banks. ​Harmony blockchain can establish a decentralized marketplace where things can be traded safely and securely.

● Each virtual item earned or sold in the game can be associated with the owner’s public key, which works like an ownership right. This will enable commodities to be exchanged in the platform only with the associated private key.

● Harmony Smart contracts will add a layer of security where virtual items can be permanently locked in the individual account or could exchange the ownership right when needed.

Integration of Gaming with Blockchain

● Many games also enable users to lend their virtual items. Using the Harmony smart contracts can set a timeline to lend, ensuring they are returned upon completion of the timeline.