Kodak: from bankruptcy to blockchain

Friday, 12 Jan, 2018

Kodak had their moment in the spotlight at CES this year with the announcement of the KodakOne platform - fueled by their very own KodakCoin cryptocurrency. It also confirmed the launch of a new image platform for photographers and agencies to license images.

Tracking additional stock levels, Eastman Kodak (KODK) has a 14-day Commodity Channel Index (CCI) of 160.09.

The firm said the launch of "KODAKCoin", in collaboration United Kingdom tech firm WENN Digital would help photographers receive payment for licensing their work immediately in cryptocurrency form.

Kodak will be launching its own cryptocurrency called Kodakcoin. This is part of its larger and newly announced KODAKOne platform for managing photographers' image rights.

Could a new cryptocurrency protect intellectual property and "democratise" photography in the world of piracy?

Kodak CEO Jeff Clarke said: "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".

"Kodak has always sought to democratize photography and make licensing fair to artists".

It's being said that the system will let photographers register their work while obtaining their pay faster following licensing. Kodak was a Dow Jones Industrials.DJI component until April 2004, and its stock has slumped 90 percent since it emerged from bankruptcy in 2013.

It has since emerged that the drinks company was from the stock market unless its market value could get above $35 million for 10 consecutive days. It eliminates the need for a third party, where a transaction would only need to be done between both parties in order to be verified.

Initial offerings for KODAKCoin will open on 31 January. Like an initial public offering for a company on the stock market, investors are given the chance to purchase the cryptocurrency before it goes live. As Berkeley International Computer Science Institute researcher Nicholas Weaver noted, "The cost estimates are insanely wrong: Assumes no increase in mining rate, no power cost" (though the language does specify Kodak's partner Spotlite will cover most operational costs including electricity). Like recent random businesses that have embraced blockchain technology, such as and, it's seen its stock rocket.

While acknowledging the timeliness of the move, the company said in a release that the move has been planned for a while.

Long Island Iced Tea Corp. changed its name to Long Blockchain Corp.in December and made its stock double in price. The stock price volatility for last week at the close of regular trading was 14.38%, pushing the figure for the whole month to now reaching 43.01%.