Kodak has decided to launch a cryptocurrency,
The currency which will be launched in partnership with Wenn Digital will be part of KODAKOne—an image rights management platform which is a joint project between these two firms.
The tokens will be open to accredited investors from the US, UK, Canada and other select countries. “This initial Coin Offering is issued under SEC guidelines as a security token under Regulation 506(c) as an exempt offering,” the company added. However, it is not clear how much Kodak seeks through this ICO.
Kodak and Wenn Digital expect KODAKOne platform to “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,” utilising the blockchain technology. The blockchain is the technology which powers digital currencies like bitcoin and many others.
source:http://www.moneycontrol.com/news/business/markets/capturing-cryptocurrency-camera-maker-kodak-announces-launch-of-its-own-digital-currency-share-prices-roar-2479595.html/amp