Kodak shares jump as company announces KODAKCoin cryptocurrency

  • Kodak shares jump as company announces KODAKCoin cryptocurrency

Kodak shares jump as company announces KODAKCoin cryptocurrency

The digital token will be used to pay photographers-professional and amateur-for work that is licensed out to other sources. While Kodak may have been forgotten by some people due to the "smartphone era", the company is now entering what most technology companies can not get enough of, i.e. Blockchain and ICOs. Today, January 9, 2018, it announced a new blockchain-based platform with WENN Digital to empower and protect image makers, photographers and artists.

The KODAKOne system will constantly crawl the web in order to find instances of registered images being used without the proper license.

Kodak's CEO says the move is less about joining bitcoin and other companies in a trending field and more about helping those in the photography industry take control of their work. Their ICO will begin on January 31, 2018, and is open to accredited investors from the U.S., U.K., Canada and other select countries. For more information visit www.kodakcoin.com.

For more information and to sign up for product updates, please visit www.kodak.com/go/kodakone.

Image google
Image google

The exchange of money will get the added step of converting dollars, which can be spent anywhere, into "KODAKCoin", which can be spent nowhere outside of the KodakOne service.

As one example of how companies are using the digital ledger technology to deal with such issues, the Italian fine art website Look Lateral uses a blockchain called Dragonchain to generate proof of authenticity for the art it sells. For additional information on Kodak, visit us at kodak.com, follow us on Twitter @Kodak, or like us on Facebook at Kodak.

Bitcoin, the founding member of the cryptocurrency craze, has exploded in value in recent months, and investors apparently like the sound of KodakCoin. WENN Digital is an experienced development and operations team with deep expertise in proprietary blockchain development, big data, copyright law, AI-enabled image recognition and post licensing monetization systems.