Kodak will release a cryptocurrency for photographers

Kodak will release a cryptocurrency for photographers

Kodak said that it would start its own cryptocurrency and will hold the ICO at the end of January.

In an official statement Kodak said that with the help of cryptocurrencies will be supported “an encrypted digital register of property rights for photographers”. The idea was that photographers could use the blockchain Kodak registration works, and “KODAKCoin” functions as a medium of exchange on the platform. According to the company, users can get paid in bitcoin and also pay for the use of copyrighted material.

This is the first time Kodak has demonstrated its interest in blockchain technology. The company best known for its photo products, although the bankruptcy and subsequent recovery in 2013 has led to the fact that the firm is actively focused on printing services and digital printing.

Kodak CEO Jeff Clarke said:

For many in the techno world “the blockchain” and “cryptocurrency” is just a trendy word, but for photographers who have long tried to establish control over the use of their works, these words are the key to solving this, as it seemed before impossible problem. Kodak has always sought to democratize photoindustrie and create a fair and transparent licensing conditions. These technologies provide innovative and simple way to do just that.

It is unclear what amount Kodak intends to collect with ICO, but the company said that the sale of tokens, scheduled for January 31, will be open to accredited investors from different countries, including the United States and Canada.

Our ICO will be carried out in accordance with the recommendations of the SEC.

Very soon the release announcement cryptocurrency and the upcoming ICO has yielded the fruits of Kodak. Today, shares of Kodak rose by about 37 percent, up from 3.10 USD to 5.50 USD.

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