Kodak Bets Big on KodakCoin and Cryptocurrency at CES 2022
Cryptocurrency is the "in" thing in tech and everybody'due south falling over one another to join the bandwagon. Kodak is now the latest add-on to the ever-growing list of companies, governments and NGOs by announcing KodakCoin.
On its website, the visitor described KodakCoin as a platform that "allows participating photographers to take part in a new economy for photography, receive payment for licensing their work immediately upon sale, and sell their work confidently on a secure blockchain platform." That buzzword-filled statement sure fabricated investors happy! Kodak'due south stocks more than doubled after the announcement, hitting $7.47 later having opened at $iii.10 in the morning.
The company likewise announced a partnership with London-based Wenn Media Group to carry out the initial coin offering (ICO).
Kodak is also launching an prototype rights direction software called "KodakOne" that volition crawl the web to find photographs that have been used without permission. Once the original copyright-holder is identified, the offending publication will accept to pay upwardly in KodakCoin, of course. Co-ordinate to Kodak CEO Jeff Clarke, "Kodak has always sought to democratise photography and make licensing fair to artists".
Curiously enough, Kodak is also planning to showtime commercial Bitcoin mining operations before long, and towards that cease, will install Bitcoin mining rigs at its headquarters in Rochester, New York. The "KashMiner" performance will be run by a licensee chosen Spotlite that had earlier teamed up with Kodak to market LED lights. Kodak says that Bitcoins generated by KashMiner will exist shared between the customer and the business.
With digital currencies taking the world by storm, fifty-fifty the ones that started off as jokes, are hitting astronomic valuations with investors lapping upwards anything and everything related to blockchains. The phenomenon hit the mainstream tardily last year with the beginning of Bitcoin Futures trading on the Chicago Board Options Substitution (CBOE), and while the valuation of the grand sometime cryptocurrency has since started thawing, it's altcoins similar Ripple, Dogecoin and IOTA that are having their moment in the sunday.
Source: https://beebom.com/kodak-announces-photocentric-kodakcoin-cryptocurrency-at-ces-2018/
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