High Performance Blockchain and ShangHai Youwan to Promote Blockchain Adoption

Asia Blockchain Review
August 3, 2019

High Performance Blockchain (HPB) has managed to close a deal that will bring blockchain to a massive number of users in the gaming industry. Its digital currency, HPB coin, will be integrated into ShangHai Youwan’s game credit system, according to a report by Cointelegraph.

HPB said in a statement that its partnership with ShangHai Youwan is a “great stepping stone” to push the adoption of distributed ledger technology (DLT) to become a part of everyday life. With Youwan’s millions of users, an “immense portion of the public” will be introduced to blockchain technology

Blockchain: the Future of the Gaming Industry

Shanghai Youwan has a user base of millions, with over 800 million accounts since the launch of their gaming platform. Its 300 employees are dedicated to launching 20 new games each year. 

HPB reportedly intends for its coins to be used as in-game money that can be shared over a variety of titles.  China currently has the world’s largest gaming market, and this partnership is expected to greatly accelerate the adoption of DLT in gaming.

Expansion to Non-Game Services

These in-game credits can also be used for purchasing other, non-game services, such as insurance policies offered by Ping An Group, the conglomerate that owns Shanghai Youwan. 

Other Chinese companies such as e-commerce giant JD.com and telecommunication firms China Telecom, China Mobile, and China Unicom will also be adopting this credit system.

Source: https://cointelegraph.com 


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