The second edition of the two-day Middle East Blockchain Forum opened today (February 5) in strategic partnership with Kinguin, a leading online gaming marketplace at Grosvenor House, Dubai Marina.

The forum will offer attendees unique networking opportunities to connect with industry leaders and innovators looking to explore the distributed ledger technology.

Speaking at the event will be Kim Rom, an esports and gaming veteran with 20+ years of experience and chief gaming officer for Kinguin, at a session entitled ‘A Decentralized Marketplace for Digital Games, Items and Services’. During the session, Kim will highlight trading capabilities for game and in-game items by building and integrating a trade platform using the latest technologies.

Kinguin’s strategic partnership with the Blockchain Middle East Forum comes ahead of its Initial Coin Offering (ICO), in the form of Krowns – its own cryptocurrency to create an efficient virtual economy for gamers all over the world.

Kinguin made a switch to blockchain technology in a pursuit of decentralizing its future operations in August 2017. Six months later, on 15 February 2018, the company is taking the next step forward towards this end by launching an Initial Coin Offering (ICO) of its own cryptocurrency - the Krowns - in an attempt to accelerate the development of the Kinguin Marketplace and fuel the global economy of the gaming industry.

The introduction of a new gaming token will benefit both gamers and game publishers. The former will now have a possibility of dealing with each other directly, anywhere and anytime - and trading not only games or digital items, but also gaming-related services. Hence, they will simultaneously profit from their own contribution to gaming communities they form a part of. The latter, on the other hand, will find a new way of monetizing their products and distributing them in a much easier and safer manner.

Viktor Wanli, CEO and founder of Kinguin said: “Our industry is currently witnessing a great wave of change and Dubai is known for being synonymous with not only innovation, but a strong spirit of entrepreneurship as well. With the government’s drive to become completely blockchain-based in the near future, the emirate is on course to emerge as the epicentre of blockchain-driven innovation.”

“This is an exciting time for Kinguin and we could not be more proud to partner with the Blockchain Middle East Forum.

“By bringing this disruptive innovation into the world, we have shown our potential to compete with the giants of the industry, yet remain uncompromising in our quest for meeting our customers’ ever-changing needs. This time, we bring trading closer to them by enabling the execution of financial transactions without supervision of any centralised unit. We are now stepping up to the plate by adopting blockchain technology not only as a trading tool but also in an attempt to commoditize trust and ultimately reform our company from within,” he added.- TradeArabia News Service