Kodak Is Bringing Virtual Currency To Photographers

in news •  7 years ago 

The US technology company Kodak has entered the cryptococertory sector. On Tuesday, after the news of such steps being taken to maintain dominance in the camera market, its share price exceeded twice. New York-based organization said in a statement that they launched a cryptococcern called 'Kodakkayen' for photographers. Kodak made the copyright management platform 'Codeakwan' in collaboration with Wayne Digital. This cryptocarrency was introduced as part of this platform.

Like Bitcoin and other digital or virtual currencies, this platform also uses blockchain technology.

After the release of Kodak's new journey, its share price started to grow. Increasingly, at a one-stage price of $ 6.65 per share. Although the Reuters report's latest price is $ 5.95, which is 92 percent more than before.

According to Kodak, "Codecwan does not only allow photographer to get their work licensed and get paid to get paid faster, as well as search the Internet about whether the pictures taken from them are unauthorized.

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I heard about this earlier and if they follow through this could be major progress for the entire photography field!

Thank you for sharing
Any film camera updates

This is big. Kodak is very popular so I expect the currency to be used for good purposes.If they say that they gonna allow them to license their work and get paid faster then many photographers gonna want to take advantage of it.

Thank you for contributing to the Steemit Community.Keep up the great work and I'm looking forward to your next posts.

Thanks for sharing this @razib59. Followed and Upvoted.