Kodak has planned his return creating his cryptocurrency
The former giant company dedicated more than anything to the cameras and everything around him, has seen that his salvation is nothing more than entering the world of cryptocurrencies.
Recall that Kodak had been forgotten because of digital photography, its shares decreased to almost bankruptcy in 2012 but sold large parts of the business and was reborn as a technology company focused on images. This week it seems that for days they have seen the light at the end of the tunnel.
The Kodak Coin is not a cryptocurrency but a Token that will boost the company's new KodakOne platform.
And this is where Kodak's first great offer for photographers comes in, KodakOne will allow photographers to register their images, license them and search the web for unauthorized use.
This is what the CEO, Jeff Clarke, said:
"For many in the technology industry, 'Blockchain' and 'cryptocurrencies' are buzzwords, but for photographers who have struggled to exercise control over their work and how it is used, these words are the key to solving the problem that seemed impossible Kodak has always sought to democratize photography and make licensing fair for artists, and these technologies give the photography community an innovative and easy way to do just that. "
Kodak will launch its ICO on January 31, it will be open to investors in the United States, Canada and other selected countries. Investors are tempted to buy a number of "tokens," or devices, from a digital asset based on the cryptocurrency.
And for Kodak everything has been wonderful, in the next image we can see how he has raised his shares since the news of his cryptocurrency and KodakOne has been made public.
The participation of Eastman Kodak Company increased by 45%. At 20:30 on Tuesday night, the value of the shares had almost doubled. When the New York Stock Exchange closed on Tuesday, Kodak up 117.6%.
But some have a different thought
Many think that Kodak in its search to innovate has fallen into a great controversy and that is the creation of the Kodak KashMiner, this "device" would be used (of course) in order to win Bitcoins but for Kodak.
Kodak promises to those who are willing to pay $ 3400 what is the rent for 2 years of the KashMiner earn the sum of $ 375 per month during this period, this is very attractive but the unfortunate thing is that Kodak would keep half of your money.
Nicholas Weaver, an expert at the University of California, pointed to the BuzzFeed site
"The bitcoin protocol will only release a fixed amount of cryptocurrencies per day. As more miners and computer programs that run complex calculations to earn bitcoins join and compete, those calculations become more difficult and require more power. Expecting the hash rates to remain stable is ridiculous. "
At Kodak they have limited themselves to pointing out that within two or three weeks they will give more details about the operation of their new inventions.