Kodak is joining the cryptocraze with ‘KodakCoin’

Kodak the iconic photography company which first established in the 1880s has joined the blockchain and ICO age to create a new platform for digital photography with its own digital currency, called KodakCoin.

The company announced a new partnership with WENN Digital for a blockchain-based platform that will aim to protect photos and images, along with artists and photographers. 

“The image rights management platform will utilize the new KODAKCoincryptocurrency to provide photographers with a new revenue stream and secure platform for protecting their work.”

The most important advantage the platform will provide for users is the immediate payment and shared revenues ensured, once their work becomes licenced.  The blockain technology will protect users and their work by constantly scanning for the web for illegal use of the user's work and their IP address. 
 

Kodak CEO Jeff Clarke said in a statement:

"For many in the tech industry, ‘blockchain’ and ‘cryptocurrency’ are hot buzzwords, but for photographers who’ve long struggled to assert control over their work and how it’s used, these buzzwords are the keys to solving what felt like an unsolvable problem,” said Kodak CEO Jeff Clarke in a statement. “Kodak has always sought to democratize photography and make licensing fair to artists. These technologies give the photography community an innovative and easy way to do just that.”

WENN Digital developed the KodakOne platform and KODAKCoin Cryptocurrency for Kodak. The ICO is set to open on January 31st, 2018 and is open to accredited investors from the U.S., U.K., Canada and other selected countries. The ICO is issued under SEC guidelines as a security token under Regulation 506 (c) as an exempt offering. 

 

Posted on: 10/01/2018