Crypto investor in kodak
Photographers get 60 percent of any proceeds, and Eastman Kodak and Wenn Digital split the remaining 40 percent, the companies said. That kind of action has fueled other cryptocurrency businesses -- and warnings by governments about cryptocurrency fraud. Blockchain is the technology that's used by cryptocurrencies to keep a record of transactions shared among many computers on a cryptocurrency network -- a major change in approach from the centralized databases that prevail today at banks, businesses and others keeping track of the flow of money and other assets.
Once photographers have registered their images -- a process that includes validation technology to ensure they have rights -- the service crawls the web looking for unlicensed uses, said Cameron Chell, Wenn Digital's chief advisor to Kodak for the deal. The service then seeks payment. KodakCoin will be the foundation of "a new economy for photography," the companies said. As Chell envisions it, the KodakCoins could be used to purchase photography-related travel, equipment and services.
Some photographers already are signed up with the KodakOne service, but Kodak will market it to bring more on board. First published Jan. Update, p. Delivered on weekdays. Kodak, based in Rochester, New York and founded in , is planning to hold an initial coin offering on Jan. The new platform is a partnership with Wenn Digital. KodakOne not only allows photographers to license their work and get paid more quickly, it will search the internet for unauthorized use of images, the company said.
Kodak CEO Jeff Clarke said in a statement: "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.
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The biotech equipment maker Bioptix got a similar boost when it changed its name to Riot Blockchain last year. Kodak, based in Rochester, New York and founded in , is planning to hold an initial coin offering on Jan.
The new platform is a partnership with Wenn Digital. KodakOne not only allows photographers to license their work and get paid more quickly, it will search the internet for unauthorized use of images, the company said. Kodak CEO Jeff Clarke said in a statement: "Kodak has always sought to democratize photography and make licensing fair to artists.
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