TRON, one of the largest blockchain-based operating systems in the world, is announcing an upcoming partnership with Sony Interactive Entertainment today.
Tron will provide the gaming company with its blockchain and expertise to enable in-game purchases, trading of in-game items and facilitate fast, cross-border payments on top of the Tron infrastructure.
Sony has been at the forefront of blockchain technology, starting as early as 2016 to experiment with the technology, and initiating further development of a blockchain-based system to manage digital rights in 2018.
Blockchain makes it difficult to destroy or falsify data and has been well-adapted to manage data and rights. However, the technology bears huge potential for the gaming industry, as has been illustrated by the rapid growth of blockchain gaming, and play-to-earn business models.
The major challenge when building blockchain-based gaming companies are faced with are problems with scalability, and high transaction costs. Therefore, the team at Sony decided to start trialing the Tron blockchain for potential improvement of user-experience.
As highlighted by SIE President and CEO Jim Ryan: “When building a game, the gaming experience is at the center of all we do. Therefore, we want to make all value-related transactions as smooth as possible, at low cost without sacrificing the benefits of blockchain. That’s why we decided to partner with the Tron Foundation to use their blockchain ecosystem for further gaming development.”
Tron was launched by entrepreneur Justin Sun to challenge the existing media industry. Running on top of a delegated Proof-of-Stake mechanism, and written in Solidity, the Tron blockchain offers developers fast transactions at low cost, surpassing the transactions per second of Ethereum.