Kodak Announces Crypto Currency – BitCoin Mining, Stock Skyrockets, But What Does It Mean, SLR Lounge

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Kodak Announces Crypto Currency & BitCoin Mining | Stock Skyrockets, But What Does It Mean?

By Kishore Sawh on January 10th 2018

It’s almost too unusual for words, but Kodak, perhaps the name most synonymous with filmrolletje, publicized that it planned to introduce something called KodakOne, which is essentially a digital-rights/copyright management system for photos, and te tandem with that project to mint its own digital currency dubbed KodakCoin which will be the currency KodakOne users would be paid ter.

Just before the announcement Eastman Kodak’s stock (KODK) wasgoed trading at around $Three, and today around $Ten.Five. For a company that has had a storied legacy only to have existed te a tumultuous style overheen the past few years, the embracing of this fresh tech is titillating, but also surprising.

Most modern photographers, I’d wager, are most likely unacquainted with Kodak’s pioneering spirit, but the history is there. Ter fact, that Kodak should be the photography company to take this next step ter the digital world perhaps shouldn’t come spil such a verrassing – Kodak is, after all, the grandfather of digital cameras.

Sure, Kodak brought hobbyist photography to mass market and te some ways bolstered the Hollywood filmrolletje industry, but it wasgoed also one of their engineers who created the very first digital photo sensor ter the 70s. Zometeen on, ter the 90s, Kodak dropped a 1.Three MP CCD into a modified Nikon F3 which became the world’s very first DSLR. But the hesitation on the company’s part to give equal or more attention to digital overheen filmrolletje essentially cost them their market, and it seems they’re hoping to leverage blockchain with the name te a way a company like Blockai never could.

Creating its own crypto currency is not the only way Kodak is programma on playing te the crypto sphere either, spil the company plans on also creating strips of Bitcoin mining equipments at their HQ ter Rochester. That program is being called Kodak KashMiner, and customers can effectively rent out mining equipments and whatever coin is mined will be collective inbetween the customer and Kodak.

Interested? Well too bad, because all 80 catches sight of are already sold out with 300 more on the way, also not meeting request.

[REWIND: Fresh Year Task | How To Lightly Add Copyright Te Lightroom]

Thoughts

Anyone ter the digital space who has bothered to look into blockchain tech will see just how awesome the potential is, but the jury is still out (or at least debated) on just how much different blockchain protection will be for photographers when it comes to getting paid for their work if it’s infringed upon. Tracking will be lighter, sure, but it will take time. And how much different would it be than registering your pictures with any other major toneelpodium like Getty?

Te any case, interesting times, and it only points ter the direction that other photography companies will be thinking about an ICO ter the near future.

Related movie: Litecoin Mining Tutorial BFGMINER


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