Dear Visitor,

Our system has found that you are using an ad-blocking browser add-on.

We just wanted to let you know that our site content is, of course, available to you absolutely free of charge.

Our ads are the only way we have to be able to bring you the latest high-quality content, which is written by professional journalists, with the help of editors, graphic designers, and our site production and I.T. staff, as well as many other talented people who work around the clock for this site.

So, we ask you to add this site to your Ad Blocker’s "white list" or to simply disable your Ad Blocker while visiting this site.

Continue on this site freely
  HOME     MENU     SEARCH     NEWSLETTER    
NEWS & INFORMATION FOR TECHNOLOGY PURCHASERS. UPDATED ABOUT A MINUTE AGO.
You are here: Home / World Wide Web / Kodak Debuts Cryptocurrency System
KodakCoin: Kodak Launches Its Own Cryptocurrency System
KodakCoin: Kodak Launches Its Own Cryptocurrency System
Like this on Facebook Tweet this Link thison Linkedin Link this on Google Plus
PUBLISHED:
JANUARY
11
2018
Kodak, which traces its roots to the early days of film-based photography, is getting into the digital licensing and cryptocurrency market as part of a partnership with WENN Digital.

The companies are launching blockchain technology with KodakOne and KodakCoin. Blockchain is a ledger where transactions of digital currencies, like bitcoin, are recorded.

Rochester, New York-based Kodak, founded in 1880, is the latest company to enter the cryptocurrency market as Bitcoin makes gains. Bitcoin traded has surged from less than $1,000 a year ago to more than $14,000.

Recently, Long Island Iced Tea Corp. said it plans to change its name to Long Blockchain Corp., as it wants to focus more on blockchain technology, while continuing to make beverages.

The Kodak systems will allow photographers to register work that they can license and then receive payment. The initial coin offering will open Jan. 31.

Shares of Eastman Kodak Co. surged 42 percent to $4.40 in afternoon trading. The stock has been slumping over the last year, shedding more than 70 percent of its value.

"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," said CEO Jeff Clarke.

Kodak and others are entering the market as warnings grow over the riskiness of virtual currencies and the potential for a bubble. There are no regulations over the creation and use of virtual currencies and the nature of the transactions make them hard to trace.

© 2018 Associated Press under contract with NewsEdge/Acquire Media. All rights reserved.

Image credit: KodakOne.

Tell Us What You Think
Comment:

Name:

ashutosh:
Posted: 2018-01-13 @ 9:34am PT
How can I get these?

Like Us on FacebookFollow Us on Twitter
MORE IN WORLD WIDE WEB

NETWORK SECURITY SPOTLIGHT
Since the major processor-based Spectre and Meltdown vulnerabilities came to light recently, technology firms have been working to develop and deploy patches across millions, if not billions, of devices.

ENTERPRISE HARDWARE SPOTLIGHT
Another password bug has been uncovered in macOS High Sierra, and while it's not nearly as serious as the one that cropped up late last year, it's still highly embarrassing for Apple.

NEWSFACTOR.COM
NEWSFACTOR NETWORK SITES
NEWSFACTOR SERVICES
© Copyright 2018 NewsFactor Network. All rights reserved. Member of Accuserve Ad Network.