I don't think I need to explain how big news this is, when I show Xbox and Blockchain payment - those 2 words together made the big news.Microsoft announced that they are going to use Blockchain payment to manage royalty payments for gaming developers. Microsoft not showed interest in first time and they already implemented payment method for buying the Microsoft products. Yes you can buy and get premium sub by paying in Bitcoin. They implemented long ago but still we didn't get any statics that what % of users using Bitcoin payment method.
But this is surely the big news as this time they are going to use it with Xbox. This will be built on top of the Quorum Blockchain using Microsoft's Azure Cloud. They are going to test initially on Xbox gaming colones to manage royalty payments for gaming developers.This will include payments for video game publishers and this also includes one of the largest gaming publishers worldwide - Ubisoft.The company made made US $1.65 billion in sales last year with the products Prince of Persia, Assassin’s Creed, Far Cry, Just Dance, Rayman & the Tom Clancy series (These games are really amazing and addictive, I my self tried Prince of Percia, Assassin's Creed and Far cry - I loved it. Anyway let's back to the point).
According to news the current software they are using is not that good and very complex to understand.New blockchain payment not only be helpful to make process fast but the new product will be easy to understand and use.Also with this they are hoping that this will help them to cut half of the cost.
Grace leo, the general manager of Finace and Operations said :
“Smart contract technology is far more flexible and scalable than any prior solution for managing business agreements”
If this will be the sucess this will be big impact in Gaming field. This will benefit to all including Game Developers, publishers and Microsoft too.Also if this will be the sucess then more and more firms going to use this kind of payment methods. Hope for the best.
This post has received a 0.39 % upvote from @drotto thanks to: @flash07.
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I ipvt u now ur turn
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@pawanain Thank you my friend. Will surely read your blog posts.
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Microsoft is planning to slash operational cost by introducing a new blockchain to manage royalty payments for gaming developers built no top of the quorum blockchain usintg Microsoft's azure could it will initially be tested on Microsoft's xbox gaming console to payments for video game publish including ubisoft one of the largest gaming publishers worldwide
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This post received a $0.011 (3.80%) upvote from @upvotewhale thanks to @flash07! For more information, check out my profile!
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thts great
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@ferinshinoy Yes my friend
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@flashh07
acceptance of blockchain means
...First step towards crypto
...A bright future of crypto
...Technology is future
Microsoft is a big name in I.T world. If he start using blockchain means we can see a growth in crypto as well....
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@abbasi1986 for sure my friend
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yup ...
just like microsoft helping crypto.
we can help steemit... :)
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One more great news from Big company like Microsoft.. Big Big players coming to adopt blockchain.. surely a bitcoin holder has very good future in upcoming days
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@archana25 there is no doubt in it my friend
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if it will happen then i can buy xbox easily
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@rishad19 Good luck for that my friend
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@flash07
One step ahed microsoft this is big news for crypto lover
And i allways say @flash07 you are great and giving great news
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@hirshan Thank you for your kind comments my friend. Keep commenting so I can know how I am doing here.
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it can boost crypto business
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@jigsindian Hope for the best my friend.
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@flash07 microsoft is just making entry in blockchain.
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@kmayegaindia Yes and hope more will come
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blockchain is really becoming a part of every company and indian govt will surely look into this matter very soon...! hope so
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@devsingh hope for the best my friend
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amazing post Sir.
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@chetan1998 thank you my friend
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Thats great news for us #cryptolovers.
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@yashgupta for sure my friend
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Whats the use of blockchain here?Will they accept some cryptocurrency or they will come up with there own?
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@doctorhealth they not cleared anything yet
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Thanx for update. Keep supporting
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@sati13 thank you my friend
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its great news... brother... and blockchain is future...
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@karan.work77 for sure my friend
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