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Game time? Microsoft adopts Ethereum blockchain for gaming royalties

Published 12/18/2020, 08:11 AM
Updated 12/18/2020, 10:00 AM
Game time? Microsoft adopts Ethereum blockchain for gaming royalties
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Enterprise Ethereum is beginning to show its impact as some of the largest companies in the world start to leverage the Ethereum network to solve complex business challenges. For example, tech giant Microsoft (NASDAQ:MSFT) and Big Four firm Ernst & Young announced the expansion of Microsoft’s blockchain-based solution to extend to gaming rights and royalties management.

Paul Brody, blockchain lead at EY, told Cointelegraph that Microsoft’s blockchain solution for this particular use case is being conducted on a private Quorum network based on Ethereum. Brody noted that this expansion will provide a financial system of record for royalty agreements, allowing Microsoft's blockchain network to record contract creation, payment and reconciliation transactions associated with gaming rights.

An in-production blockchain solution for royalties management

How will this impact the gaming industry as a whole?

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