Blockchain for Gaming

Abstract

The gaming industry is being rapidly transformed by the introduction of new technologies such as AI, VR, and AR. Blockchain technology has the potential to redefine the future of gaming by turning what has been seen as a leisure activity into a potentially economic endeavor (Gilot 2018). According to an online survey of 5000 people released by Electronic Entertainment Design and Research in 2018, nearly 70% of the American population, or roughly 211 million people, play video games on at least one type of device. The results showed that 90% of those surveyed play games on their smartphones, tablets, or both. The study also found that U.S. gamers spend an average of 12 h per week on video games (Crecente 2018). Video game engagement continues to grow and that could mean big returns for the gaming industry.