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Microsoft and EY partner to expand the Xbox Enterprise blockchain platform

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 ....

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EY and Microsoft Expand Xbox Enterprise Blockchain Platform for Rights and Royalties Management – Consumer Electronics Net

4 months ago
One of the largest production implementations of a blockchain-based financial system of record
Manages Microsoft’s end-to-end process for rights and royalties to its Xbox gaming partners, using machine learning to digitize and onboard contracts
Designed to deliver transparency, faster payment processing and near real-time calculation of royalty payments, with integrated data visualization for insights across contracts, statements, invoices and accounting records
NEW YORK–(BUSINESS WIRE)–Ernst & Young LLP (EY) and Microsoft today announce that they have expanded Microsoft’s blockchain-based solution for gaming rights and royalties management to provide a financial system of record, from contract creation to payment and reconciliation. ....

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