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Discover Ludwig"it confers" is correct and usable in written English.
You can use it to refer to the conferring of some asset, privilege, or power to someone. For example: "The award of the honorary degree confers upon him a lifetime of recognition."
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In this potential future, exponentially increasing technological change is unstoppable because of the great advantages it confers on its adopters.
The real problem was, of course, humanism, and the false sense of pride it confers among its devotees.
The readiness of such technology, and the benefit it confers versus its cost, must be considered.
Better still, it confers bragging rights.
"It confers legal authority and it confers moral authority.
"And the legitimacy it confers is nice.
It confers an enormous advantage over sightlessness.
Above all, it confers a quasi-religious aura on the liberal state.
A call option is similar, but it confers the right to buy instead of sell.
And certain riders might choose a Ross simply because it confers a degree of anonymity.
One such aspect has been the extent to which it confers rights on individuals.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com