INSUBCONTINENT EXCLUSIVE:
Microsoft is looking to re-enter the blockchain game with a new service aiming to help settle payment disputes.The Windows 10 maker has
revealed a new service aimed at helping companies manage their rights and royalty payments using the technology.The service, powered by
Microsoft's Azure cloud platform, will particularly look to target the gaming space, where rights disputes can often prove costly for
content providers.It will allow real-time access and insight into transactions, with a new smart contract systems helping makes sure that
the right people get paid for their work.Microsoft is hoping that the network will become one of the world's largest enterprise blockchain
ecosystems when fully operational, potentially processing millions of transactions per day.Step upMicrosoft has signed up banking titan EY
to help support the service, and games publisher Ubisoft is set to be the first test subject, with a full launch soon set to be gradually
rolled out worldwide.The underlying network is built using the Quorum blockchain protocol and Microsoft's Azure cloud infrastructure and
blockchain can handle the unique nature of each contract between digital rights owners and licensors can be handled in a scalable, efficient
manner with an audit trail for the participants
By deploying this on Microsoft Azure, we believe this will be highly scalable across thousands of royalties and content partners."
