By opting in, industry participants can review and validate that onboarded digital contracts are the same as the royalty contracts in a confidential manner. The legal terms were then encoded in the blockchain network in the form of smart contracts. The first step in refreshing Microsoft’s legacy systems was to onboard royalty contracts onto blockchain in the form of digital contracts. Smart contracts encode game creators’ IP rights Microsoft and EY teams’ joint capabilities and suite of digital solutions became a game-changer, helping Microsoft Xbox reduce the manual effort and the operational hours associated with processing royalties for publishers through automation of the royalties processing, starting to transition off the legacy system. Microsoft Xbox and EY worked together as one team to help deliver a transformation.
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