KODAK and WENN Digital Partner to Launch Major Blockchain Initiative and Cryptocurrency, CRCoin Comi

Canon Rumors Guy

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<em>KODAKOne platform and KODAKCoin cryptocurrency give photographers a new revenue stream and a secure platform for protecting their work</em></p>
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<p><strong>ROCHESTER, N.Y.</strong> – Today Kodak and WENN Digital, in a licensing partnership, announced the launch of the KODAKOne image rights management platform and KODAKCoin, a photo-centric cryptocurrency to empower photographers and agencies to take greater control in image rights management.</p>
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<p>Utilizing blockchain technology, the KODAKOne platform will create an encrypted, digital ledger of rights ownership for photographers to register both new and archive work that they can then license within the platform. With KODAKCoin, participating photographers are invited to take part in a new economy for photography, receive payment for licensing their work immediately upon sale, and for both professional and amateur photographers, sell their work confidently on a secure blockchain platform. KODAKOne platform provides continual web crawling in order to monitor and protect the IP of the images registered in the KODAKOne system. Where unlicensed usage of images is detected, the KODAKOne platform can efficiently manage the post-licensing process in order to reward photographers.</p>
<p>“For many in the tech industry, ‘blockchain’ and ‘cryptocurrency’ are hot buzzwords, but 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,” said Kodak CEO Jeff Clarke. “Kodak has always sought to democratize photography and make licensing fair to artists. These technologies give the photography community an innovative and easy way to do just that.”</p>


<p>“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,” said WENN Digital CEO Jan Denecke. “Subject to the highest standards of compliance, KODAKCoin is all about paying photographers fairly and giving them an opportunity to get in on the ground floor of a new economy tailored for them, with secure asset rights management built right in.”</p>
<p>The initial coin offering will open on January 31, 2018 and is open to accredited investors from the U.S., UK, Canada and other select countries. For more information visit <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.kodakcoin.com&esheet=51740339&newsitemid=20180109006183&lan=en-US&anchor=www.kodakcoin.com&index=1&md5=5496077f8dcf2e0171edeb35a96d54cc" target="_blank" rel="nofollow noopener">www.kodakcoin.com</a>. This initial Coin Offering is issued under SEC guidelines as a security token under Regulation 506 (c) as an exempt offering.</p>
<p>For more information and to sign up for product updates, please visit <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.kodak.com%2Fgo%2Fkodakone&esheet=51740339&newsitemid=20180109006183&lan=en-US&anchor=www.kodak.com%2Fgo%2Fkodakone&index=2&md5=13d297c29015088900a27ad623e7e375" target="_blank" rel="nofollow noopener">www.kodak.com/go/kodakone</a>.</p>
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ahsanford

Particular Member
Aug 16, 2012
8,617
1,642
Re: KODAK and WENN Digital Partner to Launch Major Blockchain Initiative and Cryptocurrency, CRCoin

That's it!

I just need to tell Canon we need an EF Blockchain 50 prime Blockchain with IS Blockchain USM.
:D

- A
 

Andreos

EOS M50
Feb 21, 2013
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Re: KODAK and WENN Digital Partner to Launch Major Blockchain Initiative and Cryptocurrency, CRCoin

Sounds like a fancy way to get paid $0.000001 per image.
 

hne

Gear limits your creativity
Jan 8, 2016
315
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Re: KODAK and WENN Digital Partner to Launch Major Blockchain Initiative and Cryptocurrency, CRCoin

That's the largest pile of buzzwords I've seen in quite some time.

...unless what they want to achieve is the possibility for anyone without registration with a centralized organisation to create a smart contract to license the use of an image, with an associated payment enforced by, and visible to everyone through, the contract in the block chain.

Sort of the inverse of The DAO.

Except, with the "open for registration to residents of..." says they aren't. So... pile of buzzwords. Too bad!