Kodak Successfully Tested Its Blockchain Platform
Blockchain platform KodakONE powered by the photo industry giant Kodak has reported that it made more than $1 million in licensing claims for photographic rights during a limited beta test for its platform.
As reported by Cointelegraph earlier, the KodakONE Image Rights Management Platform is an image copyright protection, monetization and distribution platform secured via blockchain. While the project is not run by the Eastman Kodak company itself, the industry stalwart has made RYDE Holding (formerly Wenn Digital) an official brand licensee.
Reportedly, professionals in the photography industry get about 20 percent of the market. With the platform, KodakONE hopes to raise this percentage to about 80 in the future.