Kodak Goes Blockchain, Planning ICO of KodakCoin
Kodak, the iconic photography firm first launched in from the 1880s, has combined the blockchain and ICO era. Now, January 9, 2018, it declared a brand new blockchain-based platform using WENN Digital to enable and protect graphic manufacturers, musicians and photographers.
The new stage, called KodakOne, will allow users to enroll their work and permit it with the stage. The picture rights management system will use the newest KODAKCoin cryptocurrency to provide photographers with a brand new revenue stream and stable platform for shielding their own work.
The wise contract connected with KODAKCoin will guarantee that photographers get payment instantly upon their job being accredited along with getting a share of the general platform revenue. The system will also always scan the internet to track and guard the artist IP and help them in dealing with illegal usage of the job.
“For many in the technology business, ‘blockchain‘ and ‘cryptocurrency’ are sexy buzzwords, but for photographers who have long struggled to maintain control over their job and how it’s properly used, these buzzwords are the secrets to solving what felt like an unsolvable problem,” stated Kodak CEO Jeff Clarke in a statement. “Kodak has at all times sought to democratize photography and earn licensing honest to artists. These technologies provide the photography community an advanced and effortless means to do precisely that.”
The KODAKOne platform and KODAKCoin cryptocurrency were Created for Kodak from WENN Digital. Their ICO will start on January 31, 2018, also is available to accredited investors in the U.S., U.K., Canada and other select states. This ICO is issued under SEC guidelines as a security token under Regulation 506 (c) within an allowable offering.