KodakCoin ICO

[lelam]

Hieee!!

Woke up this morning and downing my cup of morning coffee as I'm reading the news. Then I saw this:

Kodak currency
Kodak's other initiative, the KodakCoin, is being created as part of an effort to build a global ledger of picture rights ownership that photographers can add their work to.

Associated KodakOne software will be used to crawl the web and find pictures that have been used without permission.

The company said it would then "manage the licensing process," so the photographer can be paid, in KodakCoin.

"Kodak has always sought to democratise photography and make licensing fair to artists," said Kodak chief executive Jeff Clarke.

"These technologies give the photography community an innovative and easy way to do just that."

The company's shares traded more than 130% above their opening price after the announcement before closing the day 119.4% higher.

But one expert had doubts.

"Storing the information in a blockchain doesn't protect your copyright any more than copyright law already does," commented David Gerard, author of Attack of the 50ft Blockchain.

"Notice how they're marketing it: they state a problem, then say the blockchain can solve it. But there's no mechanism by which the blockchain could do that.

"This doesn't do anything that signing up for Shutterstock or Getty Images wouldn't."

Even so, some think Kodak will not be the last household name to associate itself with an ICO.

"I expect we are going to see more major brands releasing their own tokens and currencies to support various products and services," commented Mr Hileman.

"It's something many big companies are thinking very hard about."
Click to expand...
source: http://www.bbc.com/news/technology-42630136

More info:
https://www.coindesk.com/kodak-launching-cryptocurrency-photographers/

Sounds pretty good. I know there's already POET coin for this similar purpose, but Kodak has brand value. Although it was a failed photography company (for failing to adapt digital cameras during the early boom) and had filed bankruptcy some time ago, its brand name is still trustable and loved by photographers.

On the other news, I am happy that Kodak is finally making initiatives to new markets to be profitable again (Make Kodak Great Again).

I've signed up for their newsletter to receive updates about this ICO. You can sign up here if you want:
https://www.kodak.com/kodakone/default.htm

P.S: I've also included the drawbacks of the coin as it has a point. So it is up to you to decide whether it would be a hit or not :p

[madcult]

Looks interesting

What I don't get, is why in the team is noone from Kodak?

[joelembiid]

a very strong company. I registered immediately

[Dancing_Coin]

Hello there!

So it's not their official thread yet?

[dxbcoin]

I really cant wait for this ICO

[Catost]

I think it's quite an interesting project. Nowadays, copyrights are often broken. Kodak is anyway a well-known brand and their idea might become popular.

But one expert had doubts.

"Storing the information in a blockchain doesn't protect your copyright any more than copyright law already does," commented David Gerard, author of Attack of the 50ft Blockchain.

"Notice how they're marketing it: they state a problem, then say the blockchain can solve it. But there's no mechanism by which the blockchain could do that.

"This doesn't do anything that signing up for Shutterstock or Getty Images wouldn't."

I think Kodak is such a serious company that they definitely have a concept of using blockhain to protect copyrights.

[b20lopez]

More and more established companies are starting to launch their own ICOs nowadays

[2bfree]

So where do you get this coin?

[Cryptotradenz]

Gold, Kodak trying to stay relevant ..... I think it might have some legs to it. Big and and all

[tbearhere]

Gold, Kodak trying to stay relevant ..... I think it might have some legs to it. Big and and all

ICO only... boooo. I'm not touching that corporate s*it.

[rain_wins]

This is going to be huge . Kodak know what there are doing and will solve one of the most common problem in photography. The Copyrights.

[Hakamura]

where can read about this company?
the name is loud, it would be cool if they launched ICO

[deepblue01]

kodak raising from the dead and offering his kodakcoin for investor.
well they are really need money for his project, whatever it is. investor will need to do more research before investing for this kodakcoin
speculation will be only ended with dead penalty

[zool2003]

Looks interesting

What I don't get, is why in the team is noone from Kodak?

I read an article reading that this came about from another ICO tha was dropped through lack of interest before it was due to go live and it’s possibly the same team but rebranded as KodakOne? Probably just Kodak Licensing allowing people to use their brand.

I would still like to keep an eye on how well it does when it starts at the end of the month.

[Dxlike]

could you provide me with more detailed information about this ICO?

[Nwaghor4u]

Is this the Kodak cooperation. If yes interesting. More work to be done

[robinhande]

in technically, Kodak has the ability to achieve the goal, but is this project really related to Kodak?

[zool2003]

in technically, Kodak has the ability to achieve the goal, but is this project really related to Kodak?

I think there are 2 parts to it.

One is their platform for copyright material.

The other is renting out space to mine. It looks like they have spare space and power and they are going to let people rent mining equipment off them.

Not sure why they wouldn’t just mine themselves though?

[vladivostokom]

 very strong company. I registered immediately

[gembira]

When will be pre-sale or main sale? is there an official ANN thread? And how to partipiciate in token sale? When will be opened whitelist?