It all started with Bitcoin in 2009. The underlying technology used by Bitcoin was the first version of blockchain. Since then, blockchain has come a long way. Blockchain not only powers the myriad cryptocurrencies but, now, is becoming the foundation for many applications. From the public implementation of blockchains, primarily for cryptocurrencies, the evolution is towards the private implementation of blockchain within enterprises, embedded into applications.
We are at a juncture where there are innumerable possibilities that can be foreseen for the use of blockchain. Blockchain is disruptive!
The use of blockchain technology will disrupt the way interactions happen in society, how records are kept, and how business and trade happens. In the longer term, there will be a potential shift from a trust-based economy based on central authorities to a proof-based economy based on collaboration and consensus. The technology is still at a very nascent stage but in all likelihood will have an impact on the economy as well as several societies and cultures around the world. This potentially will change how fraud happens, all based on immutable records and distributed database not controlled by a single authority and that are hard to tamper.
The combination of IoT (Internet of Things), big data, easily accessible and on-demand computing power in the cloud, coupled with blockchain and “smart apps” will lead to many technological advancements in the next few years. It will be a very, very interesting journey from a technology and societal perspective. There will be different approaches to creating business processes and how multiple parties will work together in a supply chain, enabled by smart contracts.
But what is this technology that can have such a significant impact on our business and interactions? Let us look at it at a high level.
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Blockchain technology has recently become a phenomena in driving innovation, growth and bringing added value. Among all gaming industry is the most noteworthy of these sectors. Gaming is one of a use case that drives the adoption of blockchain technology by taking the incentive for the user from pure speculation to transactions on a blockchain platform. This propels innovation in development as well as consumer adoption.
The integration of blockchain technology is attributed to a variety of its benefits that overcomes the flaws of the conventional gaming industry. Here’s how blockchain has fared better than our traditional gaming platforms.
Hence almost all traditional gaming platforms are centralized. And, unfortunately, hackers love the centralized system. Because all they need to do is hack the network once to own all of our data, including our private payment keys.
Here comes the role of Blockchain Technology!!!
Blockchain Game Development
The decentralized nature of blockchain makes every transaction secure. Our data is protected. It is impossible to crack. Thus it provides a safe gaming environment.
Blockchain’s impact on gaming should be groundbreaking. And it’s about time we adapted to the new secure norms of entertainment.
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In all the market sectors, Blockchain technology has contributed to the redesign. The improvements that were once impossible have been pushed forward. Blockchain is one of the leading innovations with the ability to influence the various sectors of the industry. It also has the ability to be one of the career-influencing innovations at the same time. We have seen an increasing inclination towards the certification of the Blockchain in recent years, and there are obvious reasons behind it. Blockchain has everything to offer, from good packages to its universal application and futuristic development. Let’s address the reasons why one should go for Blockchain certification.
5 advantages of certification by Blockchain:
1. Lucrative packages- Everyone who completes their education or upskills themselves wants to end up with a good bundle, not only is one assured of a good learning experience with Blockchain, but the packages are drool-worthy at the same time. A Blockchain developer’s average salary varies between $150,000 and $175,000 per annum. Comparatively, a software developer gets a $137,000 per year salary. For a Blockchain developer, the San Francisco Bay area provides the highest bundle, amounting to $162,288 per annum. There’s no point arguing that learning about Blockchain is a smart decision with such lucrative packages.
2. Growing industry- When you select any qualification course, it becomes important that you choose a growing segment or industry that promises potential in the future. You should anticipate all of these with Blockchain. The size of the blockchain market is expected to rise from USD 3.0 billion in 2020 to USD 39.7 billion by 2025. This will see an incredible 67.3 percent CAGR between 2020-2025. To help business processes, several businesses are outsourcing Blockchain technologies. This clearly demonstrates that there will be higher demand in the future for Blockchain developers and certified Blockchain professionals.
3. Universal application- One of the major reasons for the success of Blockchain is that it has a global application. It is not sector-specific. Blockchain usage cases are discovered by almost all market segments. In addition, other innovations such as AI, big data, data science and much more are also supported by Blockchain. It becomes easier to get into a suitable industry once you know about Blockchain.
**4. Work protection-**Surely you would like to invest in an ability that ensures job security. You had the same chance for Blockchain. Since this is the technology of the future, understanding that Blockchain can keep up with futuristic developments will help in a successful and safe job.
**5.**After a certain point of your professional life, you are expected to learn about new abilities that can help enhance your skills. Upskilling is paramount. Upskilling oneself has become the need for the hour, and choosing a path that holds a lot of potential for the future is the best way to do this. For all computer geeks and others who want to gain awareness of emerging technology, Blockchain is a good option.
Concluding thoughts- opting for Blockchain certification is a successful career move with all these advantages. You will be able to find yourself in a safe and secured work profile once you have all the knowledge and information. Link for Blockchain certification programme with the Blockchain Council.
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Blockchain gaming has a massive reach and building games in cryptocurrency are a great investment. We all hear about cryptocurrency games in eth, eos, Tron and so on. Now icon networks also step forward to build games with icon currency (ICX).
ICON is a cryptocurrency platform designed to connect various Blockchain technology by allowing them to interact with each other via smart contracts. Developers define ICON as an attempt to build one global decentralized network that will embrace all the others. ICON has a lot of unique features not common to the other projects
These games are built with a smart contract that provides more security, transaction transparency and interoperability. Once the smart contract is written no one can able to change the format. This quality stimulates crypto lovers to invest in blockchain games.
If you are the one who gonna build blockchain games then find the perfect blockchain experts to fulfill your needs.
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Mobile as a gaming platform has dominated the gaming industry. Nearly 51% of the global games market came from mobile. It is expected that by 2021, mobile games revenue will grow to 100 billion dollars. Today mobile game developers pay a commission of 30% for any lead from the app store (paid app) or in-game transactions.
In comparison, blockchain games and collectibles are a niche market with a unique economic model. One of the prominent catalysts for the digital asset game/collectible in blockchain was CryptoKitties. Launched in 2017 on ETH network, the entire scope of gameplay surrounded collecting, breeding and auctioning kitties. It created a new economic model for players where new game assets are created and sold to other players just like a regular cryptocurrency.
The most expensive CryptoKitties asset ever sold was for over $170,000 in 2018. As a result, many swamped the game to breed and sell virtual cats. The popularity reached a point that the Ethereum network slowed down massively due to transaction overload.
Today, CryptoKitties is now a larger part of “KittyVerse”, an extended realm of CryptoKitties consisting of several game developers. This community has developed several games that utilize the ERC-721 kitties as an asset in these games (e.g. Kitty Race), thereby extending the asset utility in other games and making the experience better for everyone.
Since the evolution of CryptoKitties, many blockchain-based games have evolved and are beginning to display signs of future potential. To date, there are 750+ blockchain-based games/collectible dApps in existence across multiple platforms, source: dapp.review.
Blockchain game developers monetize their in-game assets in pre-sales / crowd sale and post-game launch, collect a small proportion of fees or royalties from each digital asset transaction (as illustrated below), thereby providing game developers a better ability to monetize their creations properly.
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The blockchain is the decentralized database of the blocks of information, which gets recorded in the chain format and linked in a secured crypto graphical manner. This technology ensures proper safety of the data due to its secure nature, and it totally changes how people carry out transactions. It also brings about a faster and secure process of validating information needed to establish reliability.
Though blockchain technology came into the market to carry out only digital transactions, it is now used in various industries like supply chain, finance, health care, and many more.
The blockchain technology has made its position in mobile app development as well. Blockchain applications are transparent and accountable. From getting easy access to medical records and buying insurance, you can see blockchain applications everywhere.
Here are some of the areas where you can see the use of blockchain applications and how they have changed various industries.
Ripple is useful for increasing banking transactions. The implementation of blockchain technology in the financial sector is much more profound than any other sector. Ripple proves this. It is one of the greatest tools to record and complete financial transactions.
It develops a large network despite strict physical boundaries. As there is no such third-party involvement present, the cost of these transactions is lower than usual. At the same time, the network also remains transparent and quite secured.
It is normally seen that financial transactions that happen globally are
error-prone and take a lot of time. In addition to this, when the transaction
fees and exchange rates get added up, the total cost usually gets high.
However, Ripple offers real-time international transactions without spending too much money. It has the network of about 200+ institutions making the process affordable, secure, and fast for all sorts of international transactions.
This blockchain application helps in automating flight insurance. Insurance is another area where blockchain is gaining popularity. Through this application, insurers can make smart contracts rather than getting involved in the traditional contracts that are usually complex. Etherisc is the blockchain application that helps customers buy flight insurance. If the flight gets canceled or delayed, they do not have to wait for months to get the payment back. This application ensures an on-time payout.
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