Kodak to launch own cryptocurrency

Kodak announces ICO, stock jumps 44%

Kodak announces ICO, stock jumps 44%

While it's not clear if Kodak's blockchain-backed system will truly represent the future of photography, it has produced a short-term boost to a company that was in need of one. The two will also launch KODAKOne, which will be an image rights management platform connected to the virtual currency.

Kodak is today announcing a partnership with Wenn Digital to create a "photo-centric cryptocurrency" that will "empower photographers and agencies to take greater control in image rights management".

KodakCoin will roll out after an initial coin offering later this month, Kodak said Tuesday.

North Korean Propaganda: Wolff Book Shows Trump 'Massively Humiliated Worldwide'
So what's in the book? The president said he had not given Wolff access to the White House nor spoken to him for the book. Bannon issued an apology of sorts, telling Axios , " Donald Trump, Jr .is both a patriot and a good man ".

For KodakCoin, the initial offering launches on January 31 in the USA, U.K., Canada and other select countries, issued under SEC guidelines with Regulation 506 (c) as an exempt offering.

Unsurprisingly, the news sent shares of Kodak flying on Tuesday, rising 120.97 percent that day alone and over 245 percent by Wednesday (January 10) to close the trading dat at $10.70.

The KodakCoin will operate as a means of exchange, in which users can get paid for their image rights in cryptocurrency. Speaking about the move, Kodak CEO Jeff Clarke said that the company has always "sought to democratise photography and make licensing fair to artists".

Markle scrubs social media
The royal fiancée's laid-back California style was on display during her outing to a radio station in London with Prince Harry . According to People , he also jokingly added, "It could be a sensitive subject".

Kodak CEO commented that while many in the industry consider "cryptocurrencies" and "blockchain" to be buzzwords - for Kodak, they are solutions to an existing problem that a number of photographers are facing.

Kodak and others are entering the cryptocurrency market amid warnings that the entire industry is a bubble waiting to burst. "These technologies give the photography community an innovative and easy way to do just that". Rich Cigars, a tobacco company, and Vapetek, an e-cigarette firm, each declared they were suddenly blockchain businesses.

Founded by film pioneer George Eastman in 1892, Kodak has struggled to compete since its emergence from bankruptcy in 2012.

Google Acquires UK Startup That Turns Objects Into Speakers
Turning screens into speakers would help free up space inside smartphones for other components like bigger batteries. Neither the date of the acquisition, first spotted by Bloomberg , or how much Google paid has been revealed.

According to the company's press release, the KODAKOne platform will allow photographers to register new and previous work that can be licensed within the platform through an encrypted digital ledger.

Recommended News

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.