A blockchain company by the name of Hashcash Consultants has recently announced through a press release that it’s collaborating with an unnamed video game developer from Australia. The goal of this recent partnership is to enable HashCash to introduce their tokenization services and white label cryptocurrency exchanges for gaming platforms. With this partnership, the company will be able to enter the gaming industry.
HashCash has stated that the firm they’ve partnered with is “prominent” and has yet to give up their name. The press release further states:
“Video streaming games is the star of third generation video games, often touted to be the best of them all. However, the pricing scheme currently thrives on – a once a year payment for endless titles – can be expanded to monetize it further. This has created an opportunity for a prominent Australian video games developer to collaborate with California-based software development company, HashCash Consultants, to explore options built on the technology most suited to this purpose – blockchain.”
White label solutions refer to solutions that are created for other platforms, who will then be able to rebrand the solution and place their own brand, rewriting the white labels in place.
The press release further elaborates on how the video game industry will greatly benefit from having blockchain-based model tokenization. This will allow gaming platforms to make large sums of cash from their platforms and portals by establishing decentralized channels of micro-payments between multiple stakeholders and participants.
According to the press release, HashCash plants to contribute to a gaming platform by:
“With HashCash, a games company can customize its own native digital asset on the blockchain or integrate its created ERC token on the network. Since HashCash accepts multiple currencies for investment purposes, their ICO partners also avail a wide variety of funding options.Clients can have the blockchain company create a root account, or integrate the contract’s owner account with the blockchain wallet. An initial number of coins or tokens could subsequently be added in these wallets. Another feature of an ICO with HashCash happens to be easily adaptable APIs for sending and receiving tokens.”
The blockchain firm further elaborates upon the massive potential blockchain technology can have in the gaming industry. Blockchain will improve anonymity among players and make in-game transactions much quicker to perform, without needing to reveal any personal information to a public ledger. The transparency of blockchain also makes payment much easier to track ones, lower the chances of fraud from occurring.
The gaming industry has become huge over the years with billions raking in from all over the world. If HashCash can succeed in their endeavors, they’ll definitely become a part of a gold man that will keep on giving, and show off the true power of blockchain and the benefits it could have for the gaming community as a whole.