Microsoft to deploy a new blockchain-based network with the possibility of it becoming the biggest enterprise blockchain. The tech giant is namely rolling out a network that will be used for rights and royalties processing by Microsoft’s game publishers, but it may get a much wider purpose eventually.
The network is meant for any industry which includes licensed assets and accruing contract-based royalties. This would then include developers, music publishers, authors, or production houses, which generate millions of transactions each month in paid royalties.
Before this happens, Microsoft is set to use it - and the network is expected to handle millions of transactions each day, making it one of the largest such ecosystems for enterprise.
Decentralization gets a special mention: “This isn’t just about Microsoft and their business partners – it is ultimately intended to be a general tool set for any company to do digital rights and royalty contracts with any other. That means no centralized control and each company being assured of its own operational privacy,” Brody told Quartz.
It has since been praised as a “Game Changer” for the industry.
Please do Upvote and response, what do you think ????
Blockchain
Smart Contract
Microsoft
