The expanded solution will help speed up contract digitisation for swift contract creation.
Users will benefit from transparency and near real-time calculation of royalty payments.
Ernst and Young (EY) and Microsoft have come together to announce that they have expanded the Xbox Enterprise platform, Microsoft’s blockchain-based solution for gaming rights and royalties management. A news release unveiled this news on December 14, noting that this expansion seeks to provide a financial system of record, which ranges from content creation to payment and reconciliation.
According to the press release, Microsoft will use the additional blockchain functions to let its Xbox gaming partners and its network of content creators track, manage, and oversee payment processing for royalty contracts transparently. Ernest and Young, on the other hand, aims to walk its business-to-business enterprise clients through developing similar blockchain platforms. In so doing, the firm seeks to help its