EY and Microsoft announce royalties blockchain

Yesterday EY and Microsoft announced a solution for managing content rights and royalties, initially for gaming. However, the system is designed to deal with royalties of any type, whether it’s movies, songs or books.

The problem

Games companies that publish games on Xbox Live enter into licensing agreements with Microsoft. Microsoft provides sales reports to publishers, but currently that could take up to 45 days or more. By writing the transactions to a blockchain transparency is improved, and publishers can access data almost in real-time. Furthermore, there’s a reduction in the time taken to reconcile royalties between Microsoft and the publisher.

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