Money Kodak enters cryptocurrency market with 'KodakCoin'

01:26  12 january  2018
01:26  12 january  2018 Source:   MSN

Kodak announces its own cryptocurrency and watches stock price skyrocket

  Kodak announces its own cryptocurrency and watches stock price skyrocket There’s a growing list of companies that have added language about blockchain or cryptocurrency into their names and mission statements, and it makes sense. KodakCoins will work as tokens inside the new blockchain-powered KodakOne rights management platform. The platform will supposedly create a digital ledger of rights ownership that photographers can use to register and license new and old work. Both the platform and cryptocurrency are supposed to “empower photographers and agencies to take greater control in image rights management,” according to the press release.

Kodak Enters Cryptocurrency Marketplace With KODAKCoin . Jumping into the blockchain. By Jake Silbert/5 minutes ago/Tech. Fendi Enters the High-Top Sock Trainer Market With a Themed Release.

The companies are launching blockchain technology with KodakOne and KodakCoin . Blockchain is a ledger where transactions of digital currencies, like bitcoin, are recorded. Rochester, New York-based Kodak , founded in 1880, is the latest company to enter the cryptocurrency market as Bitcoin makes

Despite being founded in the 1800's, Kodak is staying relevant. © Channel 7/Newshub. Despite being founded in the 1800's, Kodak is staying relevant.

There's been a surprising new entrant into the cryptocurrency market.

Kodak, the company that made its name in the era of film cameras, is keeping competitive in today's digital market by now offering 'KodakCoin'.

'Cryptocurrency', such as Bitcoin, refers to digital currencies that are 'encrypted' against theft and fraud. 

KodakCoin will allow photographers to track where their images are used and be paid in the digital currency, which they may also exchange for standard cash. 

Shares in Kodak surged in response to the announcement, rising 134 percent. 

Why You Should Avoid Kodak's Bitcoin Scheme

  Why You Should Avoid Kodak's Bitcoin Scheme Just like your friend from university who won't stop posting about it on Facebook, Kodak is really into cryptocurrencies. Just like your friend from university who won't stop posting about it on Facebook, Kodak is really into cryptocurrencies. During CES 2018, the company announced a two-pronged blockchain strategy: 1) Its own cryptocurrency called KodakCoin designed to improve image rights for photographers, and 2) a Bitcoin mining scheme called KashMiner where customers can rent equipment and allegedly make money over a two-year period.

The companies are launching blockchain technology with KodakOne and KodakCoin . Rochester, New York-based Kodak , founded in 1880, is the latest company to enter the cryptocurrency market as Bitcoin makes gains.

The companies are launching blockchain technology with KodakOne and KodakCoin . Blockchain is a ledger where transactions of digital currencies, like bitcoin, are recorded. Rochester, New York-based Kodak , founded in 1880, is the latest company to enter the cryptocurrency market as Bitcoin makes

Kodak enters cryptocurrency market with 'KodakCoin' © David Becker/Getty Images Kodak enters cryptocurrency market with 'KodakCoin' The camera giant's stock value had previously been declining over the past year, shedding more than 70 percent of its value. The company had previously declared bankruptcy in 2012.

Kodak was founded almost 130 years ago, in 1888, in New York and invented the first digital camera in 1975. 

-Channel 7

Here's why other markets didn't care about bitcoin's latest plunge .
If you're concerned that a collapse in the bitcoin price could lead to turmoil in other financial markets, this chart should put your mind at ease. If you're concerned that a collapse in the bitcoin price could lead to turmoil in other financial markets, this chart should put your mind at ease.

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