Blockchain Based Game Resource Management: A Patent Application by Tencent Technology

According to reports, the Tianyancha App shows that on April 18th, Tencent Technology (Shenzhen) Co., Ltd. applied for a patent for “blockchain based game resource management methods and devices”, which was granted. The summary shows that this method includes: decrypting the transaction parameters encrypted using asymmetric encryption algorithms sent by the received game client to obtain the address, transaction resource value, and transaction type of the game resource account; Generate target transaction records for the address of the game resource account based on the transaction type and transaction resource value; Broadcast target transaction records to other nodes in the blockchain network; In response to successful verification instructions sent by other nodes for the target transaction record, adjust the resource value of the game resource account indicated by the address based on the transaction type and transaction resource value. This application can utilize blockchain technology to directly manage the resources of the game resource account indicated by its address through transaction type and transaction resource value, thereby reducing transaction costs.

Tencent Patent Available Blockchain Management Game Resources

Blockchain technology is revolutionizing the world of gaming, particularly in resource management. Recently, reports have emerged that Tencent Technology (Shenzhen) Co., Ltd. has applied for a patent for “blockchain based game resource management methods and devices,” which was granted on April 18th. This article will explore the details of this patent, its significance, and the benefits of blockchain-based game resource management.

Outline

1. Introduction
2. Overview of Tencent Technology (Shenzhen) Co., Ltd.
3. Details of the Patent Application
4. Significance of the Patent Application
5. Benefits of Blockchain Based Game Resource Management
6. Challenges in Implementing Blockchain Based Game Resource Management
7. Conclusion
8. FAQs

Introduction

Blockchain technology is widely known for its ability to create secure transactions between two or more parties without intermediaries. The technology utilizes encryption algorithms to create a decentralized ledger of all transactions, which makes it a perfect solution for databases that require secure and tamper-proof records. Gaming is one of the industries that can particularly benefit from blockchain technology because it provides a new way to manage resources within games. Tencent Technology (Shenzhen) Co., Ltd. is a technology company that has recently applied for a patent for “blockchain based game resource management methods and devices.” This article delves into the specifics of the patent and what it means for the gaming industry.

Overview of Tencent Technology (Shenzhen) Co., Ltd.

Tencent Technology (Shenzhen) Co., Ltd. is a Chinese multinational conglomerate holding company that specializes in various internet-related services and products in gaming, social networking, e-commerce, and more. It was founded in 1998 and has since grown to become one of the largest technology companies in the world. Tencent is known for developing popular games like “League of Legends,” “Honor of Kings,” and “PUBG Mobile.” The company is also responsible for WeChat, one of the most popular instant messaging applications.

Details of the Patent Application

According to reports, Tencent Technology (Shenzhen) Co., Ltd. applied for a patent for “blockchain based game resource management methods and devices,” which was granted on April 18th. The summary shows that this method includes decrypting the transaction parameters encrypted using asymmetric encryption algorithms sent by the received game client to obtain the address, transaction resource value, and transaction type of the game resource account. It also generates target transaction records for the address of the game resource account based on the transaction type and transaction resource value, broadcasts target transaction records to other nodes in the blockchain network, and in response to successful verification instructions sent by other nodes for the target transaction record, adjusts the resource value of the game resource account indicated by the address based on the transaction type and transaction resource value. Essentially, this patent utilizes blockchain technology to directly manage the resources of the game resource account indicated by its address through transaction type and transaction resource value, thereby reducing transaction costs.

Significance of the Patent Application

The patent by Tencent Technology (Shenzhen) Co., Ltd. is significant because it provides a new way to manage resources within games. Currently, games manage resources via a centralized server. If the server goes down, the game’s resources can be lost. However, with blockchain-based game resource management, all resources are distributed across the network, which eliminates the chances of losing them. Furthermore, the need for intermediaries is eliminated, reducing transaction costs, and ensuring secure transactions.

Benefits of Blockchain Based Game Resource Management

Implementing blockchain-based game resource management has numerous benefits, such as:
1. Improved Security: The resources are managed through blockchain technology, which provides secure and tamper-proof records.
2. Elimination of Intermediaries: Blockchain technology eliminates intermediaries, reducing transaction costs.
3. Immutability: The blockchain ledger ensures transaction records cannot be altered in any way.
4. Decentralization: Resources are distributed across the network, reducing the chances of losing them in the event of a server failure.

Challenges in Implementing Blockchain Based Game Resource Management

While blockchain-based game resource management has numerous benefits, there are challenges in implementing the technology:
1. High Initial Costs: Implementing blockchain technology requires significant investment initially.
2. Regulatory Issues: Regulations vary across the world, and the implementation of the technology may require compliance with various legal regimes.
3. Scalability: Current blockchain technology is limited in terms of scalability, and incorporating a large number of transactions can be problematic.

Conclusion

Tencent Technology’s patent application for “blockchain based game resource management methods and devices” is significant because it provides a new way to manage resources within games. Blockchain-based game resource management eliminates intermediaries, reduces transaction costs, and provides secure and tamper-proof records. While there are challenges in implementing the technology, the benefits for the gaming industry are significant.

FAQs

1. What is Tencent Technology?
Ans: Tencent Technology is a Chinese multinational conglomerate holding company that specializes in various internet-related services and products.
2. Why is blockchain-based game management significant?
Ans: Blockchain-based game management is significant because it provides a new way to manage resources within games, improves security, eliminates intermediaries, reduces transaction costs, and provides tamper-proof records.
3. What are the benefits of blockchain technology in gaming?
Ans: The benefits of blockchain technology in gaming include improving security, reducing costs, providing tamper-proof records, immutability, and decentralization.