Say Cheese: Kodak Blockchain Initiative Causes Stock Price to Jump 120%

[kreslik.news]

It seems that old dogs can learn new tricks–in its 130th year, Eastman Kodak Company is jumping on the blockchain bandwagon.

Kodak’s new blockchain-based platform, called ‘KodakOne’, will be powered by the so-called KodakCoin. KodakOne’s blockchainwill act as an encrypted ledger of rights ownership that photographers could potentially use to register and catalogue all of their work, new and old. Photographers can also license their work within the platform.

KodakOne will use smart contracts and “provide continual web crawling” to ensure that photographers are receiving compensation for their work–if the unlicensed use of an image recorded in the KodakOne blockchain ... (read more)