Kodak Launching a Blockchain Solution for Photography Rights
Kodak, a well-known manufacturer of photographic equipment, is planning to launch a blockchain initiative and an ICO to launch on January 31, in partnership with fintech company Wenn Digital.
In the foreground, the multinational corporation Kodak, which has been operating since the 1890s, is planning a blockbuster technology-based revenue stream for photographers, as well as a platform for securing data on their rights.
As announced yesterday in an official statement, they want to collaborate with If Digital. The platform should therefore be called KodakOne and their launch should go hand in hand with the launch of the KodakCoin. In interaction, the platform and the coins should facilitate the management of rights to photographs and their sale.
Kodak wants to protect property with the blockchain
In addition, the companies promise better protection of the owners of the photographers. The platform is intended to regularly and automatically search the Internet to forestall the unlicensed use of photographs. In such incidents, the platform should then act in such a way that the rights to the images are still valid in hindsight. The respective originators then receive their respective remuneration with retroactive effect.
"For many in the technology industry," blockchain "and" cryptocurrency "are hot buzzwords. But for photographers who have been struggling time and again with control over their work, these keywords are the key to solving a problem that has long been considered unsolvable. It has always been important to Kodak to democratize photography and make licensing fair for the artists. These technologies allow the photography community an innovative and easy way to do this, "
The use of blockchain data storage technology is recognized and used in a variety of sectors. In addition to the common uses such as (international) trade or the (Australian) stock exchange, now follows the photography. Other exemplary applications include the storage of academic degrees or the management of health records. Others will follow with certainty.
It is like copytrack ..
sounds pretty convoluted,, i'm still not buying the idea
Cryptocurrency l think its a big business and investment many want let see until 2020 how its going to trend and who is going to come up with new plan
The exponential growth and increasing number of common people entering the crypto world has made global industries enter this world. This is really great for people like us who are in the crypto arena from beginning as more people and companies will enter when they become aware of this being the future.
Many companies embark on the cryptocurrency and create their own currency. A positive sign for the future of the economy
It is indeed
I believe they are afraid to be left behind and rightly so.
not bad to say blockchain having , limit is Sky.......!!!!!!!!!!!!!!!!!!!!!!!Booooommmmm
Great news for us photographers. And yet more important blockchain feature than another banking system
Agree
More and more people coming into crypto. Thanks for sharing.
My pleasure
Awesome post! I'm glad to hear that companies like Kodak now is engaging in cryptocurrency. It seems we're looking at the bright future ahead.
would be very happy if it is launched@tradewonk nice post there
Thank you!
Interesting to see Kodak doing this.. can't decide whether they are clutching at straws for survival or really trying to be innovative.
this kind of thing is inevitable really, the corporations can smell the money on the wind and will no doubt devise all kinds of devious ways to get at it ;)