Kodak to Create Blockchain-based Image Rights Platform
cryptocurrency news

Kodak to Create Blockchain-based Image Rights Platform

THELOGICALINDIAN - As the cryptocraze continues able companies are clamoring to ascend aboard the agenda alternation destined for greater profits Kodak is the latest aggregation to accompany the crypto club with announcements of its own blockchain belvedere and agenda currency

Just a day afterwards we apprehend about Russian endemic messaging belvedere Telegram starting its own cryptocurrency addition big name joins the fray. Crypto is currently a hot potato and companies are attractive for a allotment of the pie by accepting onboard with the tech that anybody is talking about. The 130-year-old photo aggregation has been attractive for a banknote bang back its blur awakening fell flat, and architecture a blockchain is as acceptable an abstraction as any.

New York-based Kodak has appear a affiliation with Wenn Digital to advance an angel rights belvedere alleged KodakOne. This will run in bike with a new photo-centric basic bill alleged KodakCoin. The bread will be advised as a payments belvedere for photographers to get paid instantly and deeply via the blockchain back their photos are awash online. Meanwhile, KodakOne will clamber the internet attractive for angel absorb violations. The abstraction is to actualize an encrypted broadcast balance of rights buying active on the Ethereum belvedere application acute contracts.

Kodak arch controlling Jeff Clarke had this to say;

“For abounding in the tech industry, ‘blockchain’ and ‘cryptocurrency’ are hot buzzwords, but for photographers who’ve continued struggled to advance ascendancy over their assignment and how it’s used, these abracadabra are the keys to analytic what acquainted like an baffling problem,”

The ICO will be launched on January 31 but alone accessible to accepted investors from a few countries including the US, UK, and Canada. It was a acceptable day for Kodak shareholders as the amount tripled in the hours afterwards the announcement. According to NASDAQ Banal in the Eastman Kodak Aggregation surged from about $3 to aloof beneath $10 in six hours. Currently Kodak banal is up over 190% proving that amalgamation with the world’s hottest tech at the moment is abundant for aggregation coffers.

Whether the aggregation absolutely needs this technology and has a bright eyes for its approaching or whether it was aloof an attack to banknote in on the accepted trend in cryptocurrency charcoal to be seen. What is affirmed admitting is that added companies will chase in the advancing weeks and months; crypto animation is at an best high.