This article is from our own blog Cryptoexaminers and here's the original article link: https://www.cryptoexaminers.com/kodakcoin-and-kodakone/
Kodak, the well-known company in selling camera equipment and products, is having their own ICO! It seems like a trend these days to have an ICO and create your own cryptocurrency.
On top of having KodakCoin (their token), they have a platform to go with it. It's called KodakOne.
What is Kodak One
They seem to be going the direction of creating a platform for securing image rights. Plagiarism is so rampant in the online community, especially with great photographs. Many people use photographs taken from the net without permission of the owner.
This platform tries to change that by implementing image rights management and protection using the blockchain. It should also allow photographers to monetize their images.
The era of blockchain tends to put more power into individuals and allows individuals to actually earn good money. This has been shown on Steemit and other similar platforms. KodakOne might be similar, as it allows photographers to make money selling their photographs.
The earning process is also faster, since coins move at a much faster speed. Hence, payments can be done at a much faster rate, perhaps instantly.
Blockchain technology also allows transparency. As no one can edit or delete a transaction in the blockchain, it becomes clear who the owner of the image is and all the transactions that happen on the platform.
Features of KodakOne
- Image registration - As blockchain creates transparency and immutability, proof of ownership can easily be established.
- Rights management - Similar to the above, blockchain tech allows us to easily identify who has the right behind the images, since you can't duplicate or fake transactions.
- Transparent accounting - Similar as the above.
- Marketplace - They not only relate to photographs, but also products and services like hotels and flights.
- Distribution - This platform allows photographers to sell / trade / buy images.
- Fast payments - With the use of KodakCoin, transactions can be done almost instantly and transparently.
- Image tracking - Users can easily track usages of their images.
- Legal enforcement - The platform makes it easier to conduct post-licensing / legal enforcement if anyone's image has been unlawfully used.
What is KodakCoin?
KodakCoin is the cryptocurrency that empowers the KodakOne platform. It's basically the "money" that runs on the platform and since it's based on blockchain, payments can be done quickly.
Kodak entered into a brand licensing relationship with Wenn Digital Inc. The latter will provide digital asset management and protection for photographers and image-related intellectual property holders across the globe. Blockchain tech is used for the KodakOne platform.
Disclaimer: This article is not to be treated as financial / investment advice. Do your own research before investing and never invest what you can't afford to lose. We do not guarantee the accuracy of the information as they are mainly extracted from the official site.