Kodak invests in blockchain for photo IP rights: seems like a good use for this technology, they may be onto something.
Worth a small punt I reckon.
2 Likes
Kodak shares surge 40% today.
Well then yesterday was the day for the punt
That boat may have sailed
1 Like
The BBC report
has some lovely quotes:
… it’s hard to say if there’s a bubble but it certainly is indicative of a frothy investment market …
and
… Bitcoin could be a bubble. But the blockchain industry is not a bubble, it’s a solid platform built on mathematics … (my bold)
So, like the Ellis drainhole then. What could possibly go wrong 
?
VB
People who owned shares in the orignal Kodak won’t have forgotten how they got burnt when the original collapse occured without all the current blockchain technofuckery. I would have thought a tent map, or some similar simple chaotic process might be just as entertaining a way to part fools from their money.
1 Like
Much is hype of course and the crypto currency shit basically represents investing in criminality and thin air IMO.
The idea of a distributed ledger however, which securely stores and records intellectual property rights/ownership seems to me to be something that would have value in a modern digital world. This has already worked well in the diamond market I believe (tracking the provenance of individual diamonds) - more cost efficient than the legalistic, expensive contractual process of protecting rights we have now (data protection regulation and compliance is about to go off the scale for example), so a cost effective alternative would have great appeal.
It could definitely work for second hand hi-fi too.
I’m in.
I wonder what existing photo agencies will make of this and if it is compatible with their libraries? It’s essentially an additional level of security for rights protection and I don’t know what the size of the problem is for existing stock photographers. Or to put it another way, how many of them will shell out for this. I assume it will be a straightforward commercial decision, money lost through rights infringement vs cost of Kodac service.