Yesterday Algorand, famous for its blockchain based on the PPoS (Pure Proof of Stake) consensus, announced that it had been chosen by FIDE, the international chess federation, to record game scores.
Almost all of the blockchains that exist allow, besides the management of the various tokens and cryptocurrencies, also the possibility to manage and upload data from the outside world, on the basis of how the application is structured, usually dApps (decentralized applications) are used to record information on the blockchain in a secure and immutable way.
As a result, Algorand’s blockchain was chosen by FIDE to record game scores for its online chess game.
All player data will be recorded on this very blockchain for the first time, effectively marking a winning move, a “checkmate”, between the world of decentralization and the world of games, a feat highlighted by Algorand’s COO, Sean Ford:
“We are beyond thrilled to partner with FIDE Online Arena and World Chess to bring digital chess ratings onto the Algorand blockchain for the first time. This historic moment brings the blockchain community one step closer to mainstream adoption, as a widely popular competitive game like chess leverages distributed ledger technology to serve as the official record for trust of millions of online chess players and fans.”
This way not only will users be able to check the data and position of players in the rankings, but they won’t be able to make any changes either, ensuring that no one has cheated.
The league organizer has also announced that he wants to launch a hybrid IPO on Algorand in order to expand the offer and use of this blockchain so there will be rewards and incentives for this community.
The CEO of World Chess, Llya Merenzon, explained:
“It’s exciting to continue bringing innovation to chess. The advent of digital games on the internet made chess more popular than before, and now we can’t wait to further explore blockchain innovation for digital chess”.
As the icing on the cake, to promote the initiative, the renowned chess player Sergey Karjakin will challenge Algorand’s founder, Silvio Micali. The event will be the first to start recording data on the blockchain.