About now some of us wish that they had not dumped their Kodak stock.
It looks like this is not really a cryptocurrency per se, but it does use the blockchain approach to authenticate chain of custody for digital images. If Kodak can solve the problem of tracking authorship or ownership and getting photographers paid fairly for use of their digital pictures, that would be a business plan. Kodak would get a cut of each payment.
https://www.kodak.com/us/en/kodakone/default.htm
While I agree with you, a crawler for digital rights management does not need a blockchain, an ICO, or anything of that nature to be accomplished.
Unfortunately this is either A) an intentional cash grab by Kodak or B) Kodak was misguided by the licensing company they're working with into doing this.
Full explanation and source: https://www.bloomberg.com/view/articles/2018-01-10/good-luck-spending-your-kodakcoins
This is an act of desperation or possibly deception. This is Kodak teaming up with some unsavory individuals. Kodak's contribution is it's "Meatball", the Kodak logo. Whatever that's worth these days? It's no different than seeing Polaroid branded televisions or, back in the day, VHS tapes.
As has been pointed out, there's a bunch of hedge funds that have accumulated Kodak on the way down. Now the feeble minded, "blockchainophiles" are being led like sheep to the slaughter with a promise of untold gains in the stock price. The general stock market is in a bubble. The P/E ratios and dividends do not support the prices of most stocks. But KODK has no Price to Earnings ratio because it has NO earnings.
The groups that will benefit from this are the insiders, and the hedge funds. How far it goes before it collapses is anyone's guess. This very well lead to a collapse that will do in Kodak film. Maybe the best that could happen is that this blockchain nonsense is enough of a distraction, that Alaris, could sweep in and buy the film operation, 100%, along with all the rights to cameras and everything photographic. That might give Block Chain Kodak, enough cash to fend off the bond holders for a few more months. How is Kodak planning to pay the interest on their debt with such a half baked scheme? Of course there are sales organizations that can sell Ice Cubes to Polar Bears, so funding might not be a problem for a while.
I'm a old school guy. I invest in things that are tangible and I can understand. I would love to have the Kodak CEO try to explain this to me. Show me the money!
Best Mike
Considering the fact that Kodak pretty much invented the consumer photo industry, created an iconic name ( and internationally recognized logo), and led the industry for many decades, I’d argue that their implementation wasn’t always weak.Kodak has always been big on ideas, but weak on implementation.
Kodak has always been big on ideas, but weak on implementation.
Please site your sources.
Considering the fact that Kodak pretty much invented the consumer photo industry, created an iconic name ( and internationally recognized logo), and led the industry for many decades, I’d argue that their implementation wasn’t always weak.
cite.
Please cite your site.
Honourable member, I do not have a site to cite.
Honourable member, I do not have a site to cite.
I think you mean “not quite”.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?