The photography company Kodak uses blockchain to create a new currency called KodakCoin.
The 130-year-old company said last Tuesday that it used the blockchain technology to create a new platform for digital photography with its own currency called KodakCoin.
KodakOne is a new economy for photographers to receive their work on licensing and payments.
This advantage immediately reminds me of a good friend and follower of Lions Ground, @keremgo3d, a professional photographer from Turkey.
When Kodak made the announcement on Tuesday, the shares of Kodak jumped more than 30 percent.
The Rochester, NY, based company Kodak plans to hold an initial coin offering January 31st for investors in the US, U.K., Canada and other countries. This platform is a partnership with Wenn Digital.
Benefits
Advantages for photographers is that they can not only license their work but also receive much faster payments. It will search the internet for the use of images without permission says Kodak.
"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," says Kodak CEO Jeff Clarke.
Good post. I didn't know about it before seeing your article. I had this resteemed for you by @carlobelgado and @joanaltres (resteem.com). Cheers. :)
Wauw that means a lot to me!
Thank you so much for the information
Thank you so much!
This is pretty interesting... Kodak has always been a leader on photography - people die for Canikon cameras but my dream camera was a Kodak DCS Pro. We will see how they'll going to do with their cryptocurrency.
amen
See how Kodak stock skyrocketed after the announcement:
This is a screenshot taken from Google showing price action of the last 365 days.
Amazing!
Fantastic screenshot! Thanks!
You're welcome! I just found it fascinating and wanted to share it with you.
Great news!
Thank you for your time reading this publication @msabolik
It will be interesting where it goes.
A Kodak engineer developed the first digital camera. But the decision makers went against it. We all know what happened next.
Perhaps Kodak learned from this mistake and they decided to be the next General Electric.
Thank you for sharing your thoughts on this. Interesting!