How EY and Microsoft Are Unlocking New Uses for Blockchain

The video discusses a blockchain solution for managing content rights and royalties in the media industry, focusing on Microsoft's Xbox platform. It highlights the complexity of contracts and the potential for blockchain to simplify these processes. The collaboration with Microsoft aims to scale the solution, making it the largest industrial blockchain. The video also explores future applications in various industries and differentiates between cryptocurrencies and blockchain technology, emphasizing the latter's potential for intercompany collaboration using fiat currency tokens.

What are the key benefits of using blockchain technology for managing rights and royalties?

How does the blockchain solution aim to reduce the costs and time associated with managing rights and royalties?

What other industries could potentially benefit from blockchain technology according to the discussion?