A legendary manufacturer of photographic equipment and supplies Kodak has announced the creation of the KODAKOne block-platform and the initial placement of coins (ICO). To this end, Kodak announced a partnership with Wenn Digital.
— Kodak (@Kodak) 9 января 2018 г.
The cryptocurrency of the platform, called KodakCoin, will focus on the photo industry and is designed to "provide photographers and organizations with effective control in the field of managing image rights."
Kodak are sure that both professional photographers and amateurs can safely sell their works on the new platform.
Utilizing blockchain technology, the KODAKOne platform will create an encrypted, digital ledger of rights ownership for photographers to register both new and archive work that they can then license within the platform. With KODAKCoin, participating photographers are invited to take part in a new economy for photography, receive payment for licensing their work immediately upon sale, and for both professional and amateur photographers, sell their work 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 system. Where unlicensed usage of images is detected, the KODAKOne platform can efficiently manage the post-licensing process in order to reward photographers.
It is also noteworthy that Kodak's shares is up 120% after the announcement.
— Holger Zschaepitz (@Schuldensuehner) 9 января 2018 г.
The ICO start is scheduled for January 31, 2018. ccredited investors from the US, Canada and other countries will be participate in it.