One of the biggest issues that online gamers face is cheating. It is not uncommon for players to have their finances compromised by way of credit card fraud, or for in-game cheating to occur. Gilgam.es is setting out to change these issues so that online gamers can enjoy greater peace of mind.
The goal of Gilgam.es is to decentralize the financial transactions that occur in the online gaming industry be way of an ethereum blockchain. In-game cheating would be eradicated by way of a strict KYC1 software monitoring program (a process that involves businesses authenticating their clients’ identity.) By reducing these serious risks, the future of online gaming will be drastically changed.
How It Works
The financial transactions would be done via smart contracts that runs on an Ethereum blockchain. The execution of these transactions are unable to be influenced by external sources. As a result, financial transactions would be made as per pre-coded outcomes. In other words, the tactics that are used to conduct financial cheating would be filtered, which would reduce the risk of having valuable financial information compromised.
Additionally, the artificial intelligence that is Gilgam.es had created will assess the outcome results of each match and verify game results. Individuals who are participating would be able to either accept or deny the projected outcome.
In lieu of using financial information, Gilgam.es would provide online players with tokens that they would use to play the games that they are interested in. When someone wins a game, they would be able to cash in their tokens and then exchange them for money. There will be no need for players to input their financial information, which will significantly reduce the risk of theft.
Why It’s Important
Around the world, eSports, the industry that Gilgam.es is targeting, generates a tremendous amount of revenue. In 2015, the market brought in $748 million in revenue, and that revenue is projected to grow to an estimated $1.9 billion in 2018.
The eSports market incorporates the following aspects of online gaming:
- Betting and fantasy sites
- The prize pools of Major League gaming
- Micro tournaments
- Products and merchandise
- The sales of tickets
- Sponsorship and advertising
Reducing the risks that are associated in all of these facets of online gaming is important because it will help to secure the growth of this industry, thereby making it grow at an even larger rate.
The eSports industry offers a huge growth opportunity, and the security features that Gilgam.es provides allows for an incredible chance to capitalize on this growth. The tokens that Gilgam.es can be utilized in various areas of online gaming, including:
- Referral rewards
- Vetoing any match results that have been debated
- Ranking rewards
- Winning additional tokens when playing in matches
- Events that involve betting
- The organization of private tournaments
With the increased security that Gilgam.es will provide online gamers, the industry will grow at an even greater rate than it is already projected to.