Tuesday, 16 January 2018
KODAK BACK: Plugging Leaks in the Marketplace for Digital Photos
Kodak recently announced the release of KODAKOne and KODAKCoin. KOKDAKOne is essentially a licensing and tracking platform for digital photographs. Kodak states:
Utilizing blockchain technology, the KODAKOne platform provides continual web crawling to monitor and protect the IP of the images registered in the KODAKOne system. Where unlicensed usage of images is detected, the KODAKOne platform can efficiently manage the post-licensing process to reward photographers.
Kodak also states that “KODAKCoin allows participating photographers to take part in a new economy for photography, receive payment for licensing their work immediately upon sale, and sell their work confidently on a secure blockchain platform.” We may be moving closer to a system of “pay first use later” instead of a “use first pay later” system with changes in technology and regulation. Additionally, the prospect of less “leakage” in the system of intellectual property that may actually benefit innovation and other values such as free speech may be at risk. It will be interesting to see if less leakage and perhaps more payment to some creators will lead to more creativity and innovation. That's the goal, right? Kodak’s stock tripled on the announcement of the programs.