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Microsoft and EY Create Blockchain-Based Royalty Payment Platform

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Earlier this week, Microsoft announced plans to launch a blockchain platform that will keep track of collecting and disbursing royalty payments for software developers, musicians, authors, and other creatives and copyright owners. The system will effectively cut out third-party, ‘middleman’ services that collect a premium for their services, taking profits away from creators.

Microsoft said that the platform, which has been created in collaboration with Ernst & Young (EY), will start out in its online gaming system. Microsoft has also collaborated with companies like Ubisoft to implement the system.

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