Bitcoin is so 2017—for photographers at least. Kodak has unveiled a new photo-centric cryptocurrency called “KODAKCoin.” In addition to providing photographers a new way to make money, the cryptocurrency is designed to ensure image rights. Essentially, the service will create a new blockchain to maintain and protect copyright records for image-makers.
The service is called KODAKOne, and when it is launched, will allow photographers to register old and new images. Once registered, the copyrights will be easier to track—and you can sell usage rights. Of course, you’ll be paid in KODAKCoin, rather than traditional currencies.
“With KODAKCoin, participating photographers are invited to take part in a new economy for photography, receive payment for licensing their work immediately upon sale, and for both professional and amateur photographers, sell their work confidently on a secure blockchain platform,” Kodak says in a statement.
If Kodak’s stock price is any indication of the excitement in the imaging industry, then KODAKCoin might have a place in your digital wallet. Kodak’s stock has surged more than 300 percent since the announcement.
KODAKCoins will open to initial offers on January 31, 2018, and more information can be found here.
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