Is the digital gaming industry ready for a distributed change!
The digital gaming industry constantly changes, becoming a newer, better version of the gaming industry that would be unrecognizable to us even ten years back. With so many factors at play and so many influencers shaping this space, gaming is an ever-more-thrilling climb to new heights. Technology and innovation drive us upward as we constantly work to improve our products, our customers, and our industry. No component within the industry is not being disrupted including the critical feature in most games, the trusted Random Number Generator where decentralized v centralized is the main stage debate.
Decentralized Random Number Generators ('dRNGs') is a hot topic at the moment. Generation Y and Z no longer have trust in centralized authorities controlling games using centralized RNGS.
Let's explore some of the features of a dRNG.dRNGs go beyond traditional RNGs by verifying all actions on the blockchain, meaning that players, operators, and regulators when needed, can validate the randomness of a transaction for real-time proof.
1: Transparent and immutable record
RNGs are at the foundation of the vast majority of casino games. Yet very little attention is given to this critical mechanism. Currently, most sit on servers and are often opaque to both players and operators.
This is a missed opportunity to show players that games are fair and empower operators to ensure everything is working as it should.
The blockchain is the perfect host for a next-generation RNG because it offers transparency, speed, scalability, and security. Results can be immutably stored, ensuring players and operators can guarantee that everything is above board.
2: Trust
This leads to the second big issue where blockchain technology can aid the gambling industry: trust.
It is no exaggeration to say that the gambling industry is undergoing something of a trust problem. In a recent survey from the UK Gambling Commission, only 29 percent of respondents agreed that gambling is conducted fairly and can be trusted.
When asked for their most important factor when selecting an operator for the first time, 24 percent said it was the reputation of the company for being fair and trustworthy, second only to best odds (27 percent) and above bonus offers (15 percent).
With blockchain technology and dRNGs, we have the ability to offer provably fair gaming where players know they are not being cheated, and this is a powerful tool for building trust.
If you are interested in further information on this topic please check out Peerplays. The Peerplays RNG is blockchain-based, with fully verifiable Random Number Generator functionality. Stand out from the competition by allowing players to see that every spin is provably fair*.
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