A KodakCoin moment: Cryptocurrency for Protection of Photographers Creative Property – SAFT Token Launch
KodakOne, an Image Rights Management platform has announced the introduction of the KodakCoin. WENN Digital, the developer behind the platform has stated that the Token Offering will begin on May 21st 2018.
The tokens in question are referred to as Simple Agreements for Future Tokens (SAFTs), including the KodakCoin will be made open to investment to support the beta of the KodakOne programme, a system built on top of blockchain technology.
KodakOne utilizes its blockchain system in order to provide additional security for photographers. Allowing them to retain full access to their intellectual property, while restricting it to those that would potentially steal it.
“The KODAKOne image rights management platform will create an encrypted, digital ledger of rights ownership for photographers to register both new and archive work that they will then be able to license within the platform.”
The Chairman, Co-founder and Co-Developer of KodakOne, Cam Chell, highlights the serious challenge that photographers face in the digital age, especially with a widely connected community of Internet users. Very few restrictions are in place to protect artists from having their property stolen, and used without their permission.
“An estimated 1.2 trillion photos were uploaded to the web in 2017 alone – many without copyright holders’ permission. And as a result, today’s photographers have been left with more work to do, and less compensation to show for it.”
Blockchain provides a refreshing method of governing who sees that individuals photographs. And keeps a secure ledger of those who have accessed them or who they've been sent to. Distributed Ledger Technology as applied by Kodak is offering a decentralised way for artists to keep their work centralised.
“By pairing blockchain technology with KODAKCoin Tokens, KODAKOne Platform will provide a licensing platform that enforces copyright compliance and tracks the usage of images – giving photographers more control over licensing, while at the same time creating a creative community and a comprehensive marketplace that meets all their image and related needs.”
What are your guys thoughts on KODAKOne Image Rights Management platform and KODAKCoin Token SAFT launch? Just another day where we see more adoption and awareness, followed up by use cases and practical applications that make for a better world via blockchain DLT.