KODAK and WENN Digital Partner Launches Blockchain Initiative and Cryptocurrency
January 09, 2018 at 10:30 pm IST
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Kodak and WENN Digital, in a licensing partnership, announced the launch of the KODAKOneimage rights management platform and KODAKCoin to empower photographers and agencies to take greater control in image rights management. Utilizing blockchain technology, the KODAKOneplatform will 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. With KODAKCoin, participating photographers are invited to take part in a new economy for photography, receive payment for licensing their work immediately upon sale, and for both professional and amateur photographers, sell theirwork confidently on a secure blockchain platform. KODAKOneplatform provides continual web crawling in order to monitor and protect the IP of the images registered in the KODAKOnesystem. Where unlicensed usage of images is detected, the KODAKOneplatform can efficiently manage the post-licensing process in order to reward photographers The initial coin offering will open on January 31, 2018 and is open to accredited investors from the U.S., 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.
Eastman Kodak Company is a manufacturer focused on commercial print and advanced materials and chemicals. It operates through three segments: Print, Advanced Materials and Chemicals, and Brand. The Print segment is comprised of five lines of business: the Prepress Solutions business, the PROSPER business, the Software business, the Electrophotographic Printing Solutions business and the VERSAMARK business. Print segment products include digital offset plate offerings and computer-to-plate imaging solutions, digital printing solutions using electrically charged toner-based technology, production press systems, consumables (primarily ink), inkjet components, software and services. Its Advanced Materials and Chemicals segment is comprised of four lines of business: Industrial Film and Chemicals business, Motion Picture business, Advanced Materials and Functional Printing business, and the Licensing and Analytical Services business. The Brand segment contains the brand licensing business.
EASTMAN KODAK COMPANY 
