ReadyPlayGo, a gaming project using NEM blockhain was presenting in Hong Kong
Last Saturday, Ready Play Go team was presenting their project in Hong Kong. NEM team members Nigel Hughes from NEM Thailand and Ricardo Medrano from NEM Hong Kong were at the meetup.
The CEO of Ready Play Go is Yobie Benjamin, he is a successful venture investor and innovator in the financial technology, banking, Internet and consumer products space. In recognition of his technology achievements in virtual reality, the World Economic Forum named him as a 2015 Technology Pioneer.
Gaming has always been a popular form of entertainment, the challenge and thrill of winning attracting players of all kinds then and now. With today’s technology, a diverse array of games has been made available for enthusiasts. Unfortunately, Apple App Store and Google Play do not allow all forms of real money gaming, limiting the options for gamers. Even the traditional online casino market lacks innovation with legacy infrastructure, with trust issues confining the market for many serious gamers.
These issues and concerns are what ReadyPlayGo (RPG) aims to improve in the entertainment industry. It is the world’s first real money gaming app store designed to offer a wide variety of game options in one platform. It will also bring the power of blockchain and transparency to the online gaming world.
RPG can offer a broad selection of games, from traditional to modern, in its app store. It can also facilitate fast money transactions, security, provability — everything that the blockchain technology offers.
The RPG app store is a fully-compliant and licensed platform. It manages all regulatory and compliance requirements, giving gaming software developers the freedom to create designs and implement their innovative ideas without worrying about legality and compliance issues.
Ready Play Go uses both Public/Private NEM blockchains. In the public blockchain all the results can be available, providing transparency. It solves the issue of blockchain-based casinos or blockchain applications having on-chain transactions with high cost and slow speed by utilizing the private and permissioned NEM blockchain.
Yobie explained why he chose NEM among other blockchains. “There is a bunch of blockchains out there (Ethereum, Eos and so on). I chose NEM because I was intrigue by the speed of transactions I can do on the side chain. (Sade chain means that all is not on the main blockchain). It’s important to have speed of transaction because gaming is very very fast. If you pick for example Black Jack, the average time is less than 37 seconds. If you have 200.000 people playing Black Jack at the same time, you can easily figure out already that I’m in trouble if I try to use Ethereum. Remember Cryptokitties took down the entire Ethereum network for weeks. I can’t afford to have a developer not get paid or a player not get paid in real time, so you have to go to NEM blockchain”