Kodak stock gets a blockchain bounce — it more than doubled after the company announced a new cryptocurrency (KODK)
|01/09/2018||Posted by BusinessMediaguide.Com under General World News||
- Kodak’s stock more than doubled in price early Tuesday following news that the photo company will launch a new blockchain-based rights-management service.
- Kodak will use a blockchain, which is the technology behind bitcoin, to track the online use of photographs licensed through its system. The service is designed to help photographers get paid for use of their images.
- Blockchains have shown promise in being used to track the licensing, use, and sale of artistic works.
Kodak shares more than doubled in price early Tuesday following an announcement that the historically influential photography company will launch a new blockchain product.
The company’s stock was read more >>>