130-year old Eastman Kodak saw stocks jump 60% following the announcement that it is creating its own cryptocurrency, called KodakCoin.
Kodak Joins the Crypto Revolution with KodakCoin
Numerous companies have rushed to jump aboard the cryptocurrency and blockchain bandwagon as interest in the technologies continues to increase. Kodak Eastman Co. is the latest company to venture into this new, retail territory with the announcement of KodakCoin: a cryptocurrency intended for the needs of photographers.
KodakCoin cryptocurrency will be launched along with the KodakOne Platform and will create an “encrypted, digital ledger of rights ownership for photographers”, allowing artists to license new and old work on the platform. Kodak hopes the coin will curb the use of unlicensed images and allow artists to receive the payment they deserve for their work.
Other projects, such as Stream Token, have attempted to address the shortcomings artists and entertainers face economically, but KodakCoin is the first blockchain project designed specifically for photographers. Jeff Clarke, CEO of Kodak, hopes to solve the problem using the decentralized nature of blockchain.
“For many in the tech industry, ‘blockchain’ and ‘cryptocurrency’ are hot buzzwords, but for photographers who’ve long …
Read more –> click here all content is copyright Bitcoinist.
Need Bitcoin marketing and PR? Bitcoin PR Buzz has been proudly serving the PR and marketing needs of Bitcoin and digital currency tech start-ups for over 2 years. Get your own professional Bitcoin or cryptocurrency press release CLICK HERE..
Powered by ABITCO.IN
Blockchain – Crypto – Currency infomation