Shares in photography firm Kodak soared by 44% after the company said it is to launch an initial coin offering (ICO) on January 31, 2018. According to a statement, Kodak will create a blockchain-based platform offering an "encrypted, digital ledger of rights ownership for photographers to register both new and archive work that they can then license within the platform", as well as a digital currency called KodakCoin. The ICO is open to investors from US, Canada and other countries. The new platform is intended to help photographers manage rights in their images.
Shares in photography firm Kodak soared by 44% after the company said it is to launch an initial coin offering (ICO) on 31 January. According to a statement, Kodak will create a blockchain-based platform offering an "encrypted, digital ledger of rights ownership for photographers to register both new and archive work that they can then license within the platform", as well as a digital currency called KodakCoin. The ICO is open to investors from US, Canada and other countries. The new platform is intended to help photographers manage rights in their images.