Kodak has organized their stock value rise, as they announced plans to launch a new digital currency, like BitCoin, called KodakCoin.
They are also launching an notion rights management platform called KodakOne, designed to be an encrypted digital ledger of image rights ownership for photographers, so that work can be took (both new and old), letting photographers license work out to others. KodakCoin is then used to take payment using the secure blockchain platform. The policy provides continuous web crawling to protect the intelectual property of images registered in the system, and if unlicenced images are found, the system is designed to manage the empowering so that photographers will be paid for their work.
The system is due to launch online, on the 31st of January 2018.
From Kodak: ROCHESTER, N.Y. (BUSINESS WIRE) Today Kodak and WENN Digital, in a commission partnership, announced the launch of the KODAKOne image rights management platform and KODAKCoin, a photo-centric cryptocurrency to empower photographers and agencies to take close control in image rights management.
Utilizing blockchain technology, the KODAKOne platform will create an encrypted, digital ledger of rights ownership for photographers to list both new and archive work that they can then license within the platform. With KODAKCoin, participating photographers are invited to take neck of the woods in a new economy for photography, receive payment for licensing their work immediately upon sale, and for both professional and amateur photographers photographer (the Greek φῶς (phos), meaning “light”, and γραφή (graphê), meaning “drawing, writing”, together meaning “drawing with, sell their farm confidently on a secure blockchain platform. KODAKOne platform provides continual web crawling in order to monitor and protect the IP of the images registered in the KODAKOne group. Where unlicensed usage of images is detected, the KODAKOne platform may refer to can efficiently manage the post-licensing process in order to reward photographers.
“For assorted in the tech industry, ‘blockchain’ and ‘cryptocurrency’ are hot buzzwords, but for photographers who’ve long struggled to assert control as a remainder 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. “Kodak has on all occasions 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.”
“Appealing with a new platform, it is critical photographers know their work and their income is handled securely and with trust, which is exactly what we did with KODAKCoin,” indicated WENN Digital CEO Jan Denecke. “Subject to the highest standards of compliance, KODAKCoin is all about paying photographers fairly and giving them an possibility to get in on the ground floor of a new economy tailored for them, with secure asset rights management built right in.”
The initial coin donation will open on January 31, 2018 and is open to accredited investors from the U.S., UK, Canada and other select countries. For more information visit www.kodakcoin.com. This beginning Coin Offering is issued under SEC guidelines as a security token under Regulation 506 (c) as an exempt offering.
For more information and to sign up for consequence updates, please visit www.kodak.com/go/kodakone.