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Microsoft uses Blockchain for paying royalties

<p>The gaming industry is one of the most profitable industries today&period; The number of publishers that Microsoft is working with is pretty astounding&period;<&sol;p>&NewLine;<p><a href&equals;"https&colon;&sol;&sol;www&period;wincert&period;net&sol;wp-content&sol;uploads&sol;2018&sol;06&sol;blockchain&period;jpg"><img class&equals;"alignnone size-full wp-image-2634" src&equals;"https&colon;&sol;&sol;www&period;wincert&period;net&sol;wp-content&sol;uploads&sol;2018&sol;06&sol;blockchain&period;jpg" alt&equals;"blockchain" width&equals;"640" height&equals;"384" &sol;><&sol;a><&sol;p>&NewLine;<p>Until recently Microsoft has been using manual methods for paying royalties to publishers&period; These payout methods were based on spreadsheets and were hard to understand for smaller publishers&period; There was no way for publishers to calculate earnings in real time&period;<&sol;p>&NewLine;<h4>Microsoft decided to solve this problem through the use of the blockchain technology&period; But&comma; what is a blockchain technology&quest;<&sol;h4>&NewLine;<p>If you have heard of Bitcoin&comma; you probably already know what a Blockchain is&period; It is a technology that records transactions in bitcoin or other cryptocurrency maintained across millions of computers linked to the network&period; With the use of the blockchain technology&comma; time to calculate royalties can be compressed and therefore will be beneficial for game publishers&period;<&sol;p>&NewLine;<p>Microsoft claims that calculation process is now more transparent including greater trust by providing publishers with actionable business insights&period;<&sol;p>&NewLine;<p>The Finance Director for Royalties and Content&comma; Rohit Amberker said that the old offline royalty payment solution used so far was based on spreadsheets and printed documents&period; Implementation of the blockchain technology solution will speed up the information for publishers and also will be cheaper for Microsoft&period; It is a win-win situation&period;<&sol;p>&NewLine;

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