IBM patents blockchain tech to enhance video gaming experience

						Array
(
    [conclusion] => Array
        (
            [0] => 
        )

    [post_sponsor_aff_link] => Array
        (
            [0] => 
        )

    [casino_url] => Array
        (
            [0] => 
        )

    [casino_street_address] => Array
        (
            [0] => 
        )

    [casino_post_code] => Array
        (
            [0] => 
        )

    [year_founded] => Array
        (
            [0] => 
        )

    [withdrawal_limit] => Array
        (
            [0] => 
        )

    [reviewrating] => Array
        (
            [0] => 
        )

    [bestrating] => Array
        (
            [0] => 
        )

    [cgn_score] => Array
        (
            [0] => 
        )

    [casino_key_feature_1] => Array
        (
            [0] => 
        )

    [casino_key_feature_2] => Array
        (
            [0] => 
        )

    [casino_key_feature_3] => Array
        (
            [0] => 
        )

    [bonus_text_top] => Array
        (
            [0] => 
        )

    [bonus_text_bottom] => Array
        (
            [0] => 
        )

    [casino_review_reference] => Array
        (
            [0] => 
        )

    [_wp_page_template] => Array
        (
            [0] => default
        )

    [_thumbnail_id] => Array
        (
            [0] => 14246
        )

    [ppma_authors_name] => Array
        (
            [0] => Alex
        )

)

Updated September 21, 2022 | Published November 17, 2020

2 mins read

IBM was granted a US patent for a blockchain-based consensus model last week, according to CoinDesk.

IBM will use the patent, titled ‘gaming consensus protocol for blockchain’, to create subsets for game users and then choose a leader out of all available subsets to generate a block and share it with the rest of the blockchain network.

The patent will rely on peers for review, just like any blockchain network would. Users participating in this reviewing process on the blockchain ecosystem will also receive something in return, or a fee.

To highlight the potential of the patent, IBM suggests that its upcoming solution could be used in a number of multiplayer games sporting a sizeable player base, including Call of Duty and Fortnite, specifically to enable microtransactions.

One possible downside to the solution is that it would need consumers to have enough computing power to verify and execute a transfer, which could add to the performance requirements for running a game smoothly.

If traditional gaming is not what you enjoy, and you would rather dive back into simpler, yet equally entertaining, casino games on the blockchain, CryptoGamblingNews recommends you give 1xBit, FortuneJack and Bitcasino.io a go.

Want the chance to win an iPhone 11 Pro? Then take a couple of minutes to complete our CGN survey.

Looking for your next crypto casino? Check out: Bitcasino, Gamb.co or FortuneJack.

Written by Alex

Reporter

Alex is a well-rounded crypto writer who focuses on general market and legal developments. His main interest lies in how crypto gaming can become a more permanent part of the gaming landscape and how blockchain holds benefits to players they are not even aware of.
Best Casinos to play with…
Bitcoin
1
PLAY NOW
2
PLAY NOW
3
PLAY NOW
4
PLAY NOW
5
PLAY NOW
1
PLAY NOW
2
PLAY NOW
3
PLAY NOW
4
PLAY NOW
5
PLAY NOW
1
PLAY NOW
2
PLAY NOW
3
PLAY NOW
4
PLAY NOW
5
PLAY NOW
The Ledger: Crypto criminals face pressure, new regulation rolls in
The Ledger: Kraken launches crypto bank, TSM has new sponsor

Similar News

crypto 
								Array
(
    [0] => WP_Term Object
        (
            [term_id] => 4765
            [name] => aavegotchi
            [slug] => aavegotchi
            [term_group] => 0
            [term_taxonomy_id] => 4765
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 2
            [filter] => raw
        )

    [1] => WP_Term Object
        (
            [term_id] => 4513
            [name] => crypto
            [slug] => crypto
            [term_group] => 0
            [term_taxonomy_id] => 4513
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 1671
            [filter] => raw
        )

    [2] => WP_Term Object
        (
            [term_id] => 5304
            [name] => ICO
            [slug] => ico
            [term_group] => 0
            [term_taxonomy_id] => 5304
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 7
            [filter] => raw
        )

    [3] => WP_Term Object
        (
            [term_id] => 8275
            [name] => initial coin offering
            [slug] => initial-coin-offering
            [term_group] => 0
            [term_taxonomy_id] => 8275
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 1
            [filter] => raw
        )

    [4] => WP_Term Object
        (
            [term_id] => 8274
            [name] => Pixelcraft
            [slug] => pixelcraft
            [term_group] => 0
            [term_taxonomy_id] => 8274
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 1
            [filter] => raw
        )

)

Pixelcraft studios raises $30m in token sale

21/03/2023|18:30

Pixelcraft Studios, creator of the decentralized finance and NFT crypto pets experience Aavegotchi, has announced the completion of a multi-year...
crypto 
								Array
(
    [0] => WP_Term Object
        (
            [term_id] => 181
            [name] => Blockchain
            [slug] => blockchain
            [term_group] => 0
            [term_taxonomy_id] => 181
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 884
            [filter] => raw
        )

    [1] => WP_Term Object
        (
            [term_id] => 4513
            [name] => crypto
            [slug] => crypto
            [term_group] => 0
            [term_taxonomy_id] => 4513
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 1671
            [filter] => raw
        )

    [2] => WP_Term Object
        (
            [term_id] => 4804
            [name] => gaming
            [slug] => gaming
            [term_group] => 0
            [term_taxonomy_id] => 4804
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 52
            [filter] => raw
        )

    [3] => WP_Term Object
        (
            [term_id] => 8273
            [name] => Paavan Nanda
            [slug] => paavan-nanda
            [term_group] => 0
            [term_taxonomy_id] => 8273
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 1
            [filter] => raw
        )

    [4] => WP_Term Object
        (
            [term_id] => 5510
            [name] => web3
            [slug] => web3
            [term_group] => 0
            [term_taxonomy_id] => 5510
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 46
            [filter] => raw
        )

    [5] => WP_Term Object
        (
            [term_id] => 8272
            [name] => Winzo
            [slug] => winzo
            [term_group] => 0
            [term_taxonomy_id] => 8272
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 1
            [filter] => raw
        )

)

Winzo to invest $50m in global gaming ecosystem

21/03/2023|17:30

Indian social gaming platform Winzo has announced a $50m fund to invest in the global gaming ecosystem. The new fund...
crypto 
								Array
(
    [0] => WP_Term Object
        (
            [term_id] => 4513
            [name] => crypto
            [slug] => crypto
            [term_group] => 0
            [term_taxonomy_id] => 4513
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 1671
            [filter] => raw
        )

    [1] => WP_Term Object
        (
            [term_id] => 5552
            [name] => crypto ads
            [slug] => crypto-ads
            [term_group] => 0
            [term_taxonomy_id] => 5552
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 5
            [filter] => raw
        )

    [2] => WP_Term Object
        (
            [term_id] => 8271
            [name] => Financial Services and Markets Authority
            [slug] => financial-services-and-markets-authority
            [term_group] => 0
            [term_taxonomy_id] => 8271
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 1
            [filter] => raw
        )

    [3] => WP_Term Object
        (
            [term_id] => 1026
            [name] => regulation
            [slug] => regulation
            [term_group] => 0
            [term_taxonomy_id] => 1026
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 660
            [filter] => raw
        )

)

Belgium strengthens rules for crypto ads

21/03/2023|16:30

Belgium’s financial regulator, the Financial Services and Markets Authority (FSMA), has toughened up the rules on promoting cryptocurrency products. Firms...