Anyone who buys a new video game, pays, indirectly, licenses to game developers and publishers. However, the process, at the end of which the Parties get their money, is complicated and lengthy. Microsoft wants to change this now with the use of the Blockchain platform Quorum.
Recently, Microsoft drew attention to itself, as the company announced, to take on GitHub. On the Open Source platform offers a number of Blockchain-managed protocols, which is why the purchase by the software giant called in the crypto scene with little enthusiasm. Now Microsoft wants to use the Blockchain application Quorum, to license payments to video games, to simplify developers.
How The Telegraph on 22. June reported, is to replace the use of the Blockchain, the need for time-consuming manual System of spreadsheet. Currently, game producers and publishers would have to wait 45 days until they would receive the royalties. This process involved a number of middle-men, what attracts him unnecessarily. With the help of the blockchain-based solution, both the license management, as well as the payments to the license holders should be able to be done in real-time. For this, Microsoft has worked with the consulting company EY.
Safer, faster, more transparent
Currently Microsoft is testing the implementation of the technology, with Ubisoft, one of the games Partner of the company. After a successful test phase, a large network of game will like to use and traders with the Blockchain solution. For this you will need to new terms and conditions with Microsoft on Smart Contracts to sign. In this context, any purchase of a licensed product, be it online or in retail will be stored on the Blockchain. The license amount is fixed according to the Smart Contract and the game publishers and distributors to get access to all the relevant data.
The Blockchain solution is not to limit but only on computer games. According to Microsoft, you can use them in any creative industry. Rohit Amberker, Finance Director for the Licensing business of Microsoft, writes:
“After the introduction of the Blockchain solution, only a third of the effort is even needed to the same licensing process fees and at the same time a faster and more reliable Service.”
In addition, it should be with the help of the Blockchain application Quorum is possible to process millions of transactions per day. Quorum runs on the Cloud Coumputing services, Azure, and to also protect the confidential business relationships.
Due to the transparency of the Blockchain, Microsoft can automate a large number of transactions between different parties. In the production of a computer game are usually involved a variety of developers and artists. With the automation of the payments all of the Parties, from software developers about the Songwriter of the soundtrack and the actors in the use of the so-called motion scan technology up to the Designer of the cover, a reliable their share. Paul Brody, the head of the Blockchain-Abbey lungs at EY, is delighted:
“The scope, the complexity and volume of digital rights and license transactions make this a perfect application for block chains. A Blockchain can handle donors, the uniqueness of each contract, between the owners of digital rights and the license, which can be handled in a scalable, efficient manner with an audit trail for the participants.“