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Photographer licenses image on KodakONE, receives KodakCOIN as payment. KodakONE uses blockchain to sell and protect the image from theft down the line. KodakONE uses lawyers to DMCA those who don't attribute or pay for the image.
>Utilizing blockchain technology, the KODAKOne platform will create an encrypted, digital ledger of rights ownership for photographers to register both new and archive work that they can then license within the platform. With KODAKCoin, participating photographers are invited to take part in a new economy for photography, receive payment for licensing their work immediately upon sale, and for both professional and am…
Smart Contracts are never going to be as popular because they are neither very smart or the same as regular contracts - and have more overhead and larger vunerability anyhow.
I don't get the value in the ICO. Photographer licenses image on KodakONE, receives KodakCOIN as payment. KodakONE uses blockchain to sell and protect the image from theft down the line. KodakONE uses lawyers to DMCA those who don't attribute or pay for the image.
Short kodak.
I'm actually pleasantly surprised they're moving forward with some innovation and I guess the stock rise reflects that.
OTOH yes, I'm pessimistic they'll actually accomplish something, but who knows? I don't know if the market will discount this soon.
>The initial coin offering...is open to accredited investors Is this fairly common now? Most of the ICOs I've read about before were basically open to everyone.
I don't get the value in the ICO. Photographer licenses image on KodakONE, receives KodakCOIN as payment. KodakONE uses blockchain to sell and protect the image from theft down the line. KodakONE uses lawyers to DMCA those who don't attribute or pay for the image.
The same problem can be solved if they just used Ethereum
The killer feature is "lawyers armed with DMCA", not the crypto-themed CRUD app.