## Making Blockchain Accessible
Sophie Morris, Public Relations and Outreach Lead at GanaEight Coin, explores how this groundbreaking technology can reach its long-awaited potential and finally become mainstream.
Although blockchain has created considerable excitement, its broad implementation across various sectors remains elusive. Certainly, individuals are aware of the possible advantages for fields like finance, healthcare, and education, but transforming these deeply rooted systems is a daunting task.
The reality is, while “blockchain” is a recognizable phrase, it’s still a notion that many don’t fully comprehend, resulting in reluctance and doubt. People need to witness concrete benefits within particular industries before they fully accept it. This is understandable – although blockchain provides clear advantages, these advantages won’t automatically resonate with everyone.
Nevertheless, there’s a compelling argument that the gaming sector could be the catalyst for propelling blockchain into the mainstream. Blockchain and gaming are a perfect pairing, and gamers themselves might be the driving force behind its widespread adoption.
Gamers tend to be technologically adept and receptive to embracing novel technological advancements. It’s easy to understand why they are viewed as potential drivers for bringing blockchain to the masses. Gaming, especially online gaming and esports, presents a natural and engaging application for blockchain technology.
Speaking of gaming, the utilization of digital currency in this realm is already gaining momentum…
Early enthusiasts of digital currencies included those who played video games. This is logical – they were already accustomed to virtual money and buying items within games, so using crypto was not a significant change. As crypto gained popularity among the gaming community, it was inevitable that blockchain technology would follow, and its possible applications extended far beyond just financial transactions.
Consider CryptoKitties, for instance. This game experienced a surge in popularity, drawing a massive audience that went beyond typical gamers or blockchain aficionados. It demonstrated to the world that blockchain could be enjoyable and captivating, not merely a complex financial instrument.
The established video game industry also began to pay attention. Ubisoft, the company responsible for major franchises such as Assassin’s Creed, is said to be investigating blockchain-based virtual items. Additionally, Ripple, a prominent entity in the cryptocurrency realm, revealed a $100 million fund to assist developers in incorporating blockchain into their games. They recognize that this technology represents the future, and they aim to be pioneers in its adoption.
Given this momentum, it is evident that internet-based wagering is the subsequent logical progression for blockchain gaming. This is where GanaEight Coin Limited (G8C) enters the picture. They are a division of Ganapati, a significant global online gaming provider, and they are developing a blockchain-powered online casino platform. They are even establishing their own stablecoin specifically designed for betting. This is a momentous development, and it has the potential to transform the online gambling sector as we currently know it.
At the beginning of the year, the UK Parliament held a gathering on blockchain in gaming, surprisingly. Discussions even took place in their lower house about utilizing open digital wagering to address the persistent confidence concerns that affect internet-based gaming.
Undoubtedly, advancements are occurring, but the destination hasn’t been reached. Capacity and onboarding everyday users remain significant obstacles. This demonstrates that the broad acceptance of blockchain technology is an ongoing endeavor. A compelling use case, something genuinely motivating for people to switch, is crucial for its realization. Additionally, user-friendliness is essential – no one desires to use something overly complex.
Games, particularly those involving betting, generally have low entry barriers. As long as a game is enjoyable or visually attractive, it will draw players. Moreover, scalability is less of a dealbreaker in betting compared to other sectors.
It’s not to say that blockchain is a universal solution, but in specific domains, like online betting, it comes remarkably close. The ability to provide clear and verifiable dealings is revolutionary.
