Ubisoft Leads Creation of Blockchain Group for Videogames

Oct 04, 2018 at 21:44

Leading videogame publisher, Ubisoft, is keen on creating standards that will guide the industry in developing the blockchain-based videogames.

Headquartered in France, the company became a founding member of the Blockchain Game Alliance, a newly established group that aims to develop industry standards and best practices for gaming applications that rely on distributed ledger technology.

Aside from Ubisoft, other big time founding members of the group include ConsenSys, the blockchain development studio founded by Ethereum co-creator Joseph Lubin and Fig, the independent game publisher best known for Wasteland 3. Other names also include B2Expand, Alto, EverdreamSoft, Gimli, Enjin and Ultra.

“Convinced that this breakthrough technology brings numerous new benefits to the whole ecosystem, from developers to players, we provide an open forum for all stakeholders to share knowledge and collaborate on research that foster new ways to create and play games. Our ultimate goal is to help spread the integration of Blockchain by developing common standards and best practices,” the Blockchain Game Alliance stated.

Earlier this year, Ubisoft announced its intention to explore the possibilities for future use of blockchain technology beyond gaming related applications.

The company highlighted then about blockchain’s ability to offer digital collectibles that cannot be replicated as it also serves as an equivalent of a digital valuable which is a lot harder to steal which is ideal in providing one-of-a-kind in-game items.