Sony’s Stock SpikesUpon hearing the news, Sony’s stocks jumped around 9.89 percent to levels not seen since December 2018. The announcement follows another one made by the company yesterday which said that the company would be repurchasing up to 4.8 percent of its total issued shares (approx. $1.82B).
Microsoft and Sony’s Strategic PartnershipThe strategic partnership between Sony and Microsoft will undoubtedly have a significant impact on their investments in emerging technologies. Microsoft Azure already boasts a strong focus on blockchain-based innovation. Businesses can already create their own distributed ledgers through Azure cloud services. Microsoft Azure may be looking to fully decentralize in the not-so-distant future since they are already providing the tools for companies to develop, test, and deploy these systems internally. Since Sony is closely working with Microsoft Azure, the latter’s interest in blockchain is notable. It seems inevitable that this technological insight would be shared. This would also go hand-in-hand with Sony’s own aspirations with this emerging technology, as the company seeks to implement a Digital Rights Management system on the blockchain. Do you believe Microsoft’s Azure platform will soon become the standard for streaming in gaming? Let us know your thoughts below.
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