Multinational tech giant Microsoft Corp. is set to partner with China’s Alibaba Group Holding Limited and Carnegie Mellon University to establish an anti-piracy system Ethereum.
MSFT is down 0.71%, 9988 is down 4.77%, and ETH is down 0.14%.
Dubbed as Argus, the system will run on a public blockchain. This will allow users to report piracy activities on an anonymous basis, in line with efforts to balance privacy and transparency.
The system will have the capacity to trace back pirated content to the original source with a watermarking algorithm, removing the possibility that materials are reported by non-owners.
The parties have tapped several cryptographic operations to assure that the costs for piracy reporting are kept at an equivalent cost of spending an estimated 14 ETH-transfer transactions.
Microsoft believes Argus will enable a paradigm shift for anti-piracy incentive solutions, as it is economically practical given the optimizations established in the study.
Former Microsoft Chief Executive Steve Ballmer in 2018 flagged that only 1% of Chinese firms using its software were paying for the services, costing $10 billion in foregone revenues.