Cryptocurrencies and their market have been one of the main protagonists in 2017. Something that at the moment seems to also be repeated in 2018. In addition, we see how many companies are joining this trend. The last to announce it is Kodak. They have decided to ride the blockchain wave. Therefore, they announce the launch of their own cryptocurrency KODAKCoin.
It is a photography-centric cryptocurrency. It was born with the aim of helping photographers and agencies to have a greater control in the management of image rights. Therefore, they also present the platform KODAKOne. Thanks to it, image rights can be managed more easily.
Kodak has partnered with Wenn Digital for this new adventure. It is a company that specializes in developing these types of solutions. The ICO that will start all this will be held on January 31. A news that has caused surprise in the market and that has caused Kodak shares to rise up to 44%.
KODAKOne will use the blockchain and will be an encrypted and digital photographic platform. Photographers will be able to register in it. There they can register and license their own photos in it. Further, payments for selling your work will be made immediately in KODAKCoins. So they will not have to wait until the end of the month to receive the money.
In addition, this platform will track the web to protect the use of these images registered on the platform. What they have not commented on is what they are going to do when misuse is detected. So it will be interesting to see what measures the company has in mind to achieve this.
Kodak seems determined to enter the cryptocurrency market. The company has submitted a very comprehensive and detailed plan. So they make it clear that they are not bluffing and have ambitious goals. The ICO of this project will be held on January 31. Therefore, from this date, the first tokens of this project can be purchased. It will be interesting to see how this new project turns out for the company. What do you think?