Kodak using Ethereum Smart Contracts - Kodak Coin ICO (KodakOne) - Worth Investing In?
January 12, 2018
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8:27Now PlayingKodak using Ethereum Smart Contracts - Kodak Coin ICO (KodakOne) - Worth Investing In?
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as posted by the channelKodak, remember them?, they haven’t been relevant for a long time due to lack of innovation. They announced this week they are planning to introduce blockchain into their business
This seems like they are jumping on the blockchain bandwagon to get stock price up…
But they are using Ethereum Smart Contracts and have an upcoming ICO. “We are using Ethereum Smart Contracts, but we’re also developing our own proprietary blockchain and will evaluate the optimal solution during development,”
They introduced the KODAKOne imagerights management platform and KODAKCoin, a photocentric cryptocurrency. Similar to what and
Kodak acknowledged in its press release that blockchain, like cryptocurrency, is a “hot buzzword” right now, but CEO Jeff Clarke said that the technology will actually prove useful in the company’s case. “For photographers who’ve long struggled to assert control over their work and how it’s used, these buzzwords are the keys to solving what felt like an unsolvable problem,” he said in the release.
Kodak added that distributed-ledger technology, which is the backbone of cryptographic currencies, will help spot unlicensed usage of photos.
Worth Investing in Kodak Coin?
Positive - Existing brand and company. Less likely to be a scam and close shop overnight. Will easily pass regulations and compliances.
Positive - Their platform is a solution for image rights issues
Negative - Potential cash grab from company that hasn’t been relevant, and won’t develop into anything.
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