Kodak launching a cryptocurrency for photographers

PapaST

Senior Member
As I read it, it's their market space. The photographer would register their work with Kodak and buyers can purchase using their Kodakcoin. I'm not sure about the encryption part, if that's some how supposed to protect the seller's artwork. The intriguing part is the currency aspect. So say you sell your photograph for 2 Kodakcoins (current value of $50) and like Bitcoin the value skyrockets to $15,000/coin. I give Kodak an "A" for effort, trying to ride the cryptocurrency hysteria.
 

Horoscope Fish

Senior Member
Read it, not exactly understanding what they are trying to accomplish.
The article IS pretty vague. From what I can gather Kodak's plan is a two-fold approach that leverages a Bitcoin-like blockchain. This blockchain would be used as both an invisible watermark of sorts, used to protect individual images, while also creating an environment to pay photographers licensing fees for those photos.
 

Texas

Senior Member
Blockchain servers that maintain a distributed database need an incentive to keep a bunch of them onlne or it has no advantage over current distributed database tech. Keeping each server online has to make economic sense to its owner.

Bitcoin miners and the broker entry points that handle your money to bitcoin account serve that purpose for that system.
 

Texas

Senior Member
A couple weeks ago several failing companies added the word blockchain to their name and their stock price went up a lot.
 

Texas

Senior Member
Have you seen their stock price today ? From $3 to over $12 now at around $8.

If it is still up that high next week, I'm going to short it via a put/call option (once I learn how). Then order my D850.
 

Texas

Senior Member
Pretty much just Kodak is now a company that licenses its name. I think they do still make some Hollywood movie film and that they sell bulk consumer film to some company that packages and markets it as Kodak.
 

Chucktin

Senior Member
I just heard (probably on NPR) a news item about the Bitcoin. The "technology" that assure that each "coin" was individual and identifiable (and yours) might be applicable to a digital image. And that would be worth something!
 

Texas

Senior Member
Every week we hear about another multi-million dollar crypto currency theft.

The blockchain/s still needs entry and exit points and those are regularly hacked.
 
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