Kodak, which traces its roots to the early days of film-based photography, is entering into the digital licensing and cryptocurrency market as part of a collaboration with WENNDigital
Thebusiness are releasing blockchain innovation with Kodak One and KodakCoin. Blockchain is a journal where deals of digital currencies, like bitcoin, are taped.
Rochester, New York- based Kodak, established in 1880, is the most recent business to go into the cryptocurrency market as Bitcoin makes gains. Bitcoin traded has actually risen from less than $1,000a year ago to more than $14,000
Recently, Long Island Iced TeaCorp stated it prepares to alter its name to Long Blockchain Corp., as it wishes to focus more on blockchain innovation, while continuing to make drinks.
TheKodak systems will enable professional photographers to sign up work that they can certify then get payment. The preliminary coin offering will openJan 31.
Sharesof Eastman KodakCo rose 42 percent to $4.40in afternoon trading. The stock has actually been plunging over the in 2015, shedding more than 70 percent of its worth.
“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,”stated CEO Jeff Clarke.
Kodakand others are going into the marketplace as cautions grow over the riskiness of virtual currencies and the capacity for a bubble. There are no policies over the production and usage of virtual currencies and the nature of the deals make them difficult to trace.
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Imagecredit: Kodak One.
KodakCoin: Kodak Launches Its Own Cryptocurrency System by: Pamela Hendrix published: