Kodak is joining the blockchain industry
Kodak, the Iconic Photography Company, Gets in on the Blockchain and ICO Picture.
Kodak, which is the iconic photography company, first established in the 1880s, has joined the blockchain and ICO age.
On 9th of January, 2018, Kodak announced a new blockchain – based platform with WENN Digital, to empower, as well as protect image markets, photographers, and artists.
The new platform, which is known as KodakOne, will enable users to register their work and license it with the platform.
The new KODAKCoin cryptocurrency will be used by the image rights management platform, to provide photographers with a new revenue stream, as well as with secure platform to protect their work.
This smart contract, which has also related cryptocurrency KODAK Coin, will make certain that the photographers are receiving payment right away upon their work being certified, additionally to receiving a share of the overall platform sales.
KodakOne will continually scan the web as well, to monitor, as well as protect the IP of the artist and assist them in dealing with the illegal use of their work.
The CEO of Kodak, named Jeff Clarke, said in one statement:
“For a lot of people that take part in the tech industry, the terms ‘blockchain’ and ‘cryptocurrency’ are hot buzzwords, but for photographers that have struggled to assert control over their work for a long time, as well as how it is used, these buzzwords are actually the keys to solving what felt like an unsolvable problem.
Kodak has always sought to democratize photography, as well as make licensing fair to artists. These technologies also give the photography community an innovative and easy way to do just that.”
The platform KODAKOne and the cryptocurrency KODAKCoin were developed for Kodak by WENN Digital.
Their ICO will start on 31st of January, 2018 and it is open to accredited investors from the U.S., U.K., Canada and some other select countries.
This ICO is issued under SEC guidelines as a security token under Regulation 506 © as a free offering.