Kodak has joined with WENN Digital to launch the KODAKOne image rights management platform and KODAKCoin, a photo-centric crypto-currency.
Developed with the aim of enabling photographers and agencies to take greater control in image rights management, the KODAKOne platform uses blockchain technology to create an encrypted, digital ledger of rights ownership where photographers can register both new and existing work that they can license within the platform. The KODAKCoin crypto-currency enables participating photographers to receive payment for licensing their work immediately upon sale. The system allows both professional and amateur photographers to sell their work confidently on a secure blockchain platform. (No details were provided upon how payments will be made or in what form photographers would receive their remuneration.)
The KODAKOne platform provides continual web crawling in order to monitor and protect the IP of the images registered in the KODAKOne system. (No details were provided as to how this monitoring is handled.) Where unlicensed usage of images is detected, the KODAKOne platform can “efficiently manage the post-licensing process in order to reward photographers”. Again, no details have been provided as to how this is done.)
The initial coin offering will open on January 31, 2018 and is available to accredited investors from the U.S., UK, Canada and other select countries (which may include Australia although we were unable to find a link via either of the listed websites to confirm this). For more information visit www.kodakcoin.com. The initial Coin Offering is issued under SEC guidelines as a security token under Regulation 506 (c) as an exempt offering. Interested readers who would like to sign up for product updates should visit www.kodak.com/go/kodakone.
