It is interesting that cryptocurrency was originally envisioned only as a payment system. With the advent of Ethereum, the scope of blockchain technology and crypto tokens has multiplied. Now, code segments and independent programs can be integrated on the blockchain to form what is known as “smart contracts.”

Smart contracts are being used to construct decentralized systems in diverse industries. According to Cryptocurrency News, smart contracts and the use of Turing programming languages has lent blockchain versatility, which has enabled the gaming industry to grow in adoption, quality and profitability.

Trust and Credibility Issues

Exchange of goods and services forms a vital component of the multiplayer gaming domain. But, along with that comes the high risk of fraud. Player-to-player interaction has increased the instances of fake item circulation, distribution of duplicated items and even espionage. So much so that today, it is becoming increasingly difficult to trust anonymous players.

According to an article on The Crypto Collectors, the advent of smart contracts has made it possible to tackle these issues of trust and ownership, and even fungibility of assets. These contracts can be automated, which ensures complete transparency and verification. Thus, the system also removes the need to have a top-level administrator for a game.

Democratization of the Gaming Ecosystem

Voting activities are common in online gaming communities. The current system allows rankings to be allotted to teams, servers, items and even players. The public nature of the distributed ledger could solve corruption problems here. Decentralized smart contracts, with pre-determined rules and security regulations, will help to achieve transparency in the voting process, according to an article on EnjinCoin.

Using the Technology to Reward Players

There is a need for better regulation of in-game monetization, which would benefit both players and developers. We have already talked about the issues of in-game micro-transactions, such as trading and purchasing items. Apart from these, there are players who do not get rewarded for the time and effort they put into gaming. With the use of tokens, players can be rewarded for completing quests in a game or simply by spending time on their favorite games through a revolutionary “Proof-of-Play” concept.

An example of such a system is SGame Pro™, a mobile gaming aggregator that has created a distribution mechanism controlled by smart contracts to reward players with its SGM tokens. These tokens can be earned through Proof-of-Play and then used to purchase items within the eco-system. This is similar to how miners get rewarded with coins in exchange for solving a difficult equation.

Founder and CEO of Sgame Pro™, Gip Cutrino, says, “The ‘Proof-of-Play’ protocol is one of our major technical innovations. It will assist in gaining consensus regarding whether a player has fulfilled the prerequisites for earning our tokens. These tokens will allow them to perform all transactions within our ecosystem, without any costs or waiting time associated. This is exactly like the Proof-of-Work protocol, where the computational efforts of miners get rewarded.”

SGame Pro™, a blockchain-based platform, is an attempt to bring players, developers, influencers and merchants all under one roof. To know more about the project, visit sgamepro.io and follow on Facebook, Twitter, Instagram and LinkedIn.