Microsoft and Ernst & Young LLP (EY) announced the platform of Blockchain for including the Gaming rights with Payments
Recently the Microsoft and Ernst & Young LLP have made the announcement of using the platform of Blockchain that shall allow the Xbox gaming partners of Microsoft, content creators, and even artists for tracking and even managing the payments along with the royalty contracts. The announcement was made today that clearly stated the companies has cleared that it is going to be one of the large implementations of the Blockchain-based financial system for the accounts. This will eventually be managing the end to end process of Microsoft for the royalties and rights for its Xbox gaming partners too.
Talking about the creation to be made for the new contracts, it is pretty clear that Microsoft shall soon be making use of artificial intelligence. This artificial intelligence which Microsoft Azure shall power would allow the contracts that are digitizing. Besides, the application of the Blockchain for making the contracts and payments has also been tested. It has been through the stage of the soak testing which uses the measurement of the performance to be made for the software application. This measurement and testing shall be done under a high volume. Even further research cleared that this testing is quite capable to come up with more than 2 million of transactions each day.
This statement surely shook everyone. But the first round has been successfully done as well. There was a go-live conducted in which the partner payments utilizing the smart contract technology and blockchain as well. Luke Fewel is the general manager working at Microsoft for the department of global finance operations. The statement was made by him further trading some better insights. It is now expected that the platform soon shall streamline the operational process and financial as well with the ability for scaling and even reducing the heavy manual overhead. It also improves Microsoft’s gaming partners' experience.
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