Summary: Microsoft will begin deploying a blockchain settlements system for licensing and royalty payments that will run in Azure. The blockchain network aims to streamline the process of tracking and collecting copyright payments, resulting in quicker royalty payments to creators and a more transparent system that could reduce payment-related litigation. Microsoft plans to deploy it in phases with its thousands of gaming partners. The service was developed by Microsoft and EY to serve any creative industry where IP or assets are licensed to other parties, and where creators are paid royalties based on royalty agreements. It could ultimately be made available to companies not connected with Microsoft.
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