HashCash is Poised to Broaden Blockchain-Adoption in the South Korean Gaming IndustryHashCash is Poised to Broaden Blockchain-Adoption in the South Korean Gaming Industry

Leading gaming company teams up with HashCash Consultants to increase profitability in one of the fiercest markets for video games in the world.Leading gaming company teams up with HashCash Consultants to increase profitability in one of the fiercest markets for video games in the world.

The effort to sustain profitability in the most developed gaming industry is persistent, and big labels are adopting new technology like blockchain to stay ahead of the competition. California-based blockchain company HashCash Consultants is one of the foreign experts who are in talks to officially collaborate with South Korean gaming companies. The company's focus will be to create blockchain platforms that can be easily integrated with a game's existing platform through available APIs to enhance its monetization power.

Video games have become a major part of the South Korean social fabric, and its corresponding market is one of the most developed in the globe. The video games sector raked in US$2,389m this year and is expected to grow to US$2,829m by 2022, with an annual growth rate (CAGR 2018-2022) of 4.3%. Role-playing games, FPS, MMORPG, and Mobile games are extremely popular here, and professional tournaments hold high stakes. This has made the necessity for a transparent database for stats, scores, and money transactions in the gaming sphere a thing of high demand.