Kodak creates KodakCoin cryptocurrency for photographers
Kodak has adopted blockchain technology and announced its own cryptocurrency called KodakCoin.
Its blockchain platform, called KodakOne, where KodakCoins are generated, aims to help photographers in exercising greater control on the rights management of their photos, according to Kodak’s statement.
The company also looks at KodakCoin as another method for photographers to get paid for their works.
KodakOne will be set up with help from a company specializing in proprietary blockchain development called WENN Digital.
Kodak plans to release its initial coin offering on Jan. 31. /ra
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