Kodak creating KodakCoin, its own cryptocurrency system

11 Enero, 2018, 00:56 | Author: Arnold Perez
  • Kodak shares surge as it becomes latest group to join cryptocurrency craze

The company also detailed plans for installing rows of Bitcoin mining rigs at its headquarters in Rochester, New York. That announcement, made at the CES tech trade show in Las Vegas, also sees the USA firm licensing out its brand.

Stock prices for Eastman Kodak Co were up more than 100 percent on Tuesday afternoon as the company became the latest to jump on the cryptocurrency bandwagon. "Kodak has always sought to democratize photography and make licensing fair to artists".

Kodak is the latest major firm looking to take a stab at conquering the lucrative cryptocurrency market, with the release of KodakOne - an independent blockchain platform that will provide a secure method of digital rights management for photographers.

More news: Sin definiciones en la primera semi — Chelsea y Arsenal
More news: ¿Demi Moore está en pareja con Nick Jonas?
More news: Meghan Markle cerró sus redes sociales

According to the Associated Press, blockchain is a ledger where transactions of digital currencies, like bitcoin, are recorded. "You can have crypto yen and dollars and stuff like that", Dimon said. This platform is backed up by KodakCoin, which will enable photographers to receive payment for licensing their work immediately upon sale within a secure blockchain environment. Kodak has developed an AI-driven image recognition algorithm, which has been tasked with monitoring the Internet to ensure that images registered within the platform aren't being unlawfully distributed. When unlicensed usage is detected, the platform manages the post-licensing process to reward photographers.

'Engaging with a new platform, it is critical photographers know their work and their income is handled securely and with trust, which is exactly what we did with KodakCoin, ' CEO Jeff Clarke said. Kodak, whose name was once synonymous with photographic film, emerged from bankruptcy in 2013 after selling off most of its patents to companies including Apple Inc. and Microsoft Corp. "This initial Coin Offering is issued under SEC guidelines as a security token under Regulation 506 (c) as an exempt offering".

Recomendado:



Popular

Here's Rakesh Roshan's gift for Hrithik fans on son's 44th birthday
Hrithik's fans have been awaiting another film in the series ever since. It will hit the theatres on 25th December 2020, i.e., Christmas.

Fleury, Neal In; Karlsson, Marchessault Out as NHL Names All-Stars
The league on Wednesday announced rosters for the January 28 event at Amalie Arena in Tampa (3:30 p.m., NBC). The Chicago Blackhawks will have only one representative at this year's NHL All-Star Game.

Una joven estrella del cine porno fue encontrada muerta en su casa
La segunda fue Angust Ames, de 23 años, quien apareció sin vida en su casa en California el 19 de diciembre. Asimismo, varios de sus representantes dijeron sentirse sorprendidos por la noticia de su muerte.

Confirmado, veremos el Samsung Galaxy S9 en el MWC 2018
Por cierto, también se espera que el otro modelo cuente con una pantalla de 5.8 pulgadas, mientras que la versión Plus llegaría con pantalla de más de 6 pulgadas.

Celebran cumpleaños de Bowie con demo
El 2016 nos dejó un pésimo sabor de boca, que a veces, en días difíciles todavía se percibe... ... Me desperté en mi primera mañana en Montreux con David mirándome.

La petición de Messi que destrozó a Abidal
No nos envíes más cosas así, que nos hace daño", contó Abidal . " Era un sufrimiento que no lo deseo a nadie ", agregó Abidal . Allí, el ex jugador reveló la reacción que tuvieron sus compañeros en el equipo catalán al verlo tan débil.

Toyota and Mazda announce Limestone County plant
Workers at the plant are expected to build 300,000 vehicles per year and produce the Toyota Corolla compact auto starting in 2021. Lentz said it makes sense to build Corollas because Toyota needs the volume even in a declining auto market.

Assange appears in Ecuador database
He has limited space in the embassy and faces arrest were he to leave the small apartment in London's Knightsbridge neighborhood. President Lenin Moreno has described Assange as a "hacker", while stressing he would not be kicked out of the embassy.

Agreden en restaurante a Harvey Weinstein
Steve aseguró que el acusado de acosar sexualmente a muchas famosas, se molestó y le pidió que se marchara de manera prepotente. Steve , que reconoce que había bebido de más, avisó a su amigo para que grabara en video lo que estaba a punto de suceder.

18-month-old in Lucas County dies from flu
It's not clear yet how effective this year's flu vaccine will be, as federal data on that won't be available till February. The State Department of Health only reports flu deaths in counties if there are more than 5 confirmed flu-related deaths.