Topic: What will be the future of Kodak's Crypto? (Read 178 times)
Well, from what I read so far its crypto can succeed, however its not that hard for any crypto to succeed at the moment. The idea behind it is not bad to be honest, but I dislike that companies that are struggling on stock exchanges are just jumping on the blockchain train to push the value of their shares up. But this trend is going on for quite some time now and made a lot of people a lot of money already. Well, people are eighter not seeing it or they just dont care about this phenomenon.
Please check out this Arstechnica article: https://arstechnica.com/tech-policy/2018/01/kodak-apparently-re-branded-a-paparazzi-licensing-platform-as-kodak-coin/
Seems like Kodak is just licensing their name out to a company called WENN Digital. WENN Digital previously tried launching an ICO called RYDE coin, which miserably failed. They are probably going to rebrand their previous project under the KodakOne name.
Since their bankruptcy, Kodak has been licensing their name out to pretty much anyone who asks for it. Better be cautious with the project.
Seems like Kodak is just licensing their name out to a company called WENN Digital. WENN Digital previously tried launching an ICO called RYDE coin, which miserably failed. They are probably going to rebrand their previous project under the KodakOne name.
Since their bankruptcy, Kodak has been licensing their name out to pretty much anyone who asks for it. Better be cautious with the project.
everybody is just jumping on the trend. Kodak stock was about $1.00 now its 10$ something. Every struggling company will jump aboard.
According to the SEC's EDGAR search tool, there are no documents containing the phrase Kodakcoin or Kodakone or any variation thereof. It doesn't seem this ICO has SEC approval, which is probably a poor idea to do when you're a publicly listed company.
“ Kodak's stock price has soared since yesterday's announcement. Data from Google highlights that the stock is up more than 75% today alone, rising above $11, having begun the week just over $3.”
Until Kodak publish their whitepaper explaining exactly what it is their coin is meant to accomplish, I'm not entirely convinced it even has a future. It sounds like the general idea is that photographers will be able to have greater control over their work and make sure no one is ripping them off. This all sounds nice in theory, but there's barely any mention of how it's going to achieve that. Until it's shown to be decentralised, with no gatekeepers or central authorities, I'm inclined to assume it's merely the last-ditch dying breath of a failed commercial dynasty. If it turns out it's literally just Kodak maintaining their own record of who took what photo, frankly, who gives a shit? There's nothing innovative about that and it certainly doesn't require a blockchain. It's possible they're just hoping to cash in on the current media hype.
Long story short, I'm just a little skeptical.
“ Kodak's stock price has soared since yesterday's announcement. Data from Google highlights that the stock is up more than 75% today alone, rising above $11, having begun the week just over $3.”
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