South Korean Firms Use Blockchain Technology To Safeguard Online Gaming
Leading tech startup Bloom Technology and game studio Bluside have announced the news about their collaboration focused on employing the expertise of blockchain technology to the new Kingdom Under Fire game. The two reputed South Korea-based firms have teamed up to infuse blockchain technology into the online game system to counter hacker attacks. Launched in the early 2000s, the Kingdom Under Fire game is quite popular amongst the masses. This popularity led to the release of its sequel named Kingdom Under Fire 2 in 2019.
According to the latest reports, the two companies will put in their joint efforts in complex yet strategically important areas like security and payment settlement by bringing in the unprecedented features of blockchain technology. The team of Bloom Technology stated during an interaction that the world of online gaming reels under an array of threats and vulnerabilities. These potential risks include denial-of-service attacks or attempts to disrupt traffic of a server, etc.
The team is confident that blockchain technology can be a perfect solution to cater to such risks capable of hampering the gaming ecosystem. “Unlike previous blockchain solutions, our technology does not negatively affect game services in terms of computing power and hard-disk capacity. Through collaboration with Bluside, we will find a new business model down the road,” stated Lee Sang-youn, the honorable CEO of Bloom Technology.
Bloom Technology has built a new technological solution called Locus Chain to boost up the speed of the transaction processing on the blockchain network. The firm conducted a public test last year, which revealed that the platform was capable of processing transactions within the fraction of a second.