Kodak blockchain project seeks to raise $50 mln in token offering – Nasdaq.com

By Gertrude Chavez- Dreyfuss, Reuters      May 10, 2018

Wenn Digital, the developer of an image protection blockchain platform licensed by Eastman Kodak Co, said on Thursday it intends to raise up to $50 million in a combined public and private token offering.

Wenn Digital has created the blockchain-based system, called KODAKOne, which seeks to protect the copyright of images or photographs registered on the platform. Kodak has a minority stake in Wenn Digital, according to Wenn.

Kodak shares shot up in early January to as high as $13.25 when it announced its deal with Wenn Digital, falling after the token offering was delayed. The stock closed at $5.45 on Wednesday.

More at: Kodak blockchain project seeks to raise $50 mln in token offering – Nasdaq.com

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Hollywood embraces blockchain as it looks to technology behind cryptocurrency to end piracy- Entertainment News, Firstpost

By Abhinav      April 2, 2018

A few years behind Wall Street, Hollywood is turning to the technology behind cryptocurrency bitcoin to distribute movies in a development hailed as the beginning of the end for piracy.

Leading the charge is No Postage Necessary, a romantic indie comedy about a luckless hacker that is being distributed via peer-to-peer video network app Vevue, running on Qtum, the most advanced blockchain in the world.

Jeremy Culver (An Evergreen Christmas) wrote, directed and produced the release from US production house Two Roads Picture Co., shot on 35 mm film.

The movie gets its US theatrical release and worldwide blockchain debut in June and will also be available to buy online using cryptocurrency.

“We are thrilled to provide movie lovers around the world a brand new way to experience their entertainment by turning the blockchain into a feature film distribution channel,” Culver said in a statement.

“Although this is a first for the industry, we hope it will signal a shift in the way content is shared and consumed.”

More at: Hollywood embraces blockchain as it looks to technology behind cryptocurrency to end piracy- Entertainment News, Firstpost

Kodak’s Dubious Blockchain Gamble – The New York Times

The Shift, By Kevin Roose      January 30, 2018

A control room at the Eastman Kodak film production labs in Rochester, N.Y. Many of the company’s patents have been sold, and the company has continued to shrink since it filed for bankruptcy in 2012. CreditLuke Sharrett/Bloomberg

An eon or two ago, Eastman Kodak was a bleeding-edge technology company. It hired the smartest engineers and put them to work racking up patents, pioneering new chemical processes and building a globe-spanning camera and film business that, at its peak, employed 145,000 people.

But the digital photo age passed Kodak by, and today, the Rochester, N.Y., company exists mostly in the past tense. Many of the patents have been sold, buildings have been rented out or demolished, and the company has continued to shrink since it filed for bankruptcy in 2012.

Now, the 130-year-old company is trying an unlikely sort of comeback — one built by betting on cryptocurrency. It’s a bold gamble that has excited some investors, perplexed others and raised questions about whether Kodak was wading into dubious business deals in search of growth.

This month, Kodak lent its name to a digital currency called KodakCoin, which is billed as “a photo-centric cryptocurrency to empower photographers and agencies to take greater control in image rights management.” The basic idea behind KodakCoin is to use the blockchain to help photographers manage their collections by creating permanent, immutable records of ownership. The company also struck a licensing deal for a Bitcoin-mining computer called the Kodak KashMiner, which allows users to generate their own cryptocurrency.

More at: Kodak’s Dubious Blockchain Gamble – The New York Times

Kodak announces blockchain-based KodakCoin – companies stock price soars – Computing

By Computing News    January 10, 2018

Blockchain-based product aimed at photographers causes sudden leap in Kodak’s share price

Kodak saw its stock price more than double yesterday after it announced a blockchain-based service to help professional photographers keep track of their intellectual property.

The announcement of KodakCoin caused the company’s share price to surge from $3.10 to more than $7 during trading yesterday, as the mania for all things cryptocurrency continues.

It’s not the first company to enjoy a big stock price spike with a sprinkling of cryptocurrency pixie dust: The Long Island Iced Tea Company recently changed its name to ‘Long Blockchain’, tripling its stock price in 24 hours.

More at: Kodak announces blockchain-based KodakCoin – companies stock price soars – Computing

How Blockchain is Revolutionizing Content Distribution – Investopedia

By Investopedia    October 5, 2017

The ever-increasing popularity of blockchain began with cryptocurrencies like bitcoin, but has since surpassed the worlds of finance and banking. With a slew of new businesses and applications built on the technology, these industries now represent the first wave of a mass decentralization that will soon impact the whole world. Blockchain helps distribute the cost of running a platform to its various participants, but rewards them for it in equal measure.

This decentralized model is already relevant for blockchain-based solutions such as cloud storage, payment processing, and cybersecurity. Soon, however, the technology will play a key role in the content distribution arena.

To many, this is a better deal than the old ways, which saw control and profits stay in the hands of content hosting companies rather than the content creators themselves. Blockchain can significantly disrupt this imbalanced status quo, and seeks to put the power back in the hands those who create and consume content.

More at: How Blockchain is Revolutionizing Content Distribution – Investopedia

Does Blockchain Technology Pose a Threat to Netflix? – Investopedia

Blockchain is quickly becoming a buzzword in daily conversation, largely due to the popularity of cryptocurrencies like bitcoin, but also because of the innovations being built with the technology. As entrepreneurs and developers move to adopt blockchain, its potential to disrupt businesses far and wide becomes increasingly obvious. Blockchain technology uses the power of an encrypted, organized network of computers to run all kinds of processes. Industries like data storage, banking, cybersecurity, supply chain management and crowdfunding are some of the first to be affected, but these may just be the first dominoes to wobble.

Is blockchain a threat to Netflix and other streaming competitors like Hulu? The answer first requires a look at Netflix, and then how blockchain might interrupt the company’s wildly successful model. (See also: Is a Netflix Debt Bubble Coming?)

More at: Does Blockchain Technology Pose a Threat to Netflix? – Investopedia

South African company to tackle ebook piracy with blockchain technology – IT News Africa

Custos Media Technologies, a South African company that provides a globally effective solution to piracy by outsourcing the detection of pirated content using Bitcoin and its blockchain, announced on Wednesday 13 September 2017 that the company will be participating in a new blockchain-based anti-piracy solution for ebooks, following the recent news that content protection giant Digimarc and ebook publisher Erudition are joining forces.

This new collaboration debuts the combination of Digimarc Barcode for digital documents and Custos’ infringement detection technology. This provides a more effective, reader-friendly way to combat ebook piracy.

Erudition and Custos have worked closely together over the past year. The Stellenbosch-based media protection company provides technology that adds Bitcoin deposits to ebooks. These digital bounties enable Custos to rapidly detect piracy after the first copy of a file is shared.

More at: South African company to tackle ebook piracy with blockchain technology – IT News Africa