Kodak to launch its tokens and start a kind of social network for photographers
If a company with a 136-year history announces the launch of its tokens (KODAKCoin), then all that crypto business is something really serious! KODAK ICO is scheduled to open January, 31.
KODAKCoin will function as a currency and the cryptographic token used to power KODAKOne, an upcoming blockchain platform that will allow photographers to register archived and new work on an encrypted digital ledger before licensing it within the platform. In essence, photographers can receive payments for selling their work, as well as pay for licensing rights with the cryptocurrency.
Aside from providing a new revenue stream to photographers, Kodak says its blockchain platform will engage in ‘continual web crawling’ to constantly monitor and protect the intellectual property of images registered on the platform.
In his statement Kodak CEO Jeff Clarke said: “Kodak has always sought to democratize photography and make licensing fair to artists. These technologies give the photography community an innovative and easy way to do just that.”
The ICO is compliant and “issued under SEC guidelines as a security token under regulation 506 (c) as an exempt offering”. It is currently open to accredited investors in a handful of select countries including the US, UK and Canada.
Another good news comes from another giant – Microsoft.
At first it was announced this week Microsoft refused to accept bitcoin payments.
Yesterday Microsoft reportedly brought back bitcoin payments after “working to ensure lower amounts would be redeemable.” The fact is that Microsoft has been accepting bitcoin since 2014 via BitPay. At the time, the move was met with much fanfare, as it joined other tech giants accepting the flagship cryptocurrency.
The tech giant’s move comes at a time in which JP Morgan’s chief executive, Jamie Dimon, admitted he “regrets” his now infamous remark from last year, when he called bitcoin a “fraud.”
Apparently, the Microsoft management does not consider bitcoin a fraud.
The crypto community knows that Microsoft was one of the first major IT companies to officially acknowledge the potential of blockchain technology. The Microsoft Azure Blockchain was designed to offer affordable solutions to companies that, due to their size, wouldn’t have enough resources to launch their own software platforms.
Last May the Waves Platform was integrated into the Microsoft Azure Blockchain as a service cloud (BaaS). It enables developers to quickly launch ICO projects (a crowdfunding method), or issue tokens for loyalty programs.
I hope one day Microsoft will dare to launch ICO of its own and not when it reaches 136 years… .
Today a couple of news from the Eastern front of crypto world.
“The National Bank of Ukraine is considering the relevance of establishing its own cryptocurrency.” (A statement released by Ukraine’s security council)
The fact is that last August the National Bank of Ukraine was going to develop a position on the legal and regulatory status of bitcoin and other digital currencies. Half a year has not passed yet but it seems to me they seriously decided to tackle this issue.
Now senior Ukrainian officials are establishing a working group of market regulators, financial authorities and watchdogs to develop legally compatible proposals to regulate cryptocurrencies, have broader oversight into the cryptocurrency market, monitor transactions ‘with the use of “cryptography’ and identify participants in cryptocurrency transactions. In addition, the working group will also work taxing adopters gaining income in cryptocurrency payments.
“Moreover,” the statement continued, “the authorities were assigned to develop a mechanism for ensuring access of law enforcement bodies to the data of cryptocurrency exchanges with the obligation of the given subjects to store information about all transactions within the period established by law for financial institutions and disclosure of customer information on a motivated request.”
The working group will specifically comprise of representatives from National Bank of Ukraine, the Ministry of Finance of Ukraine, the National Securities and Stock Market Commission of Ukraine, the SSU, the National Police of Ukraine, the State Financial Monitoring Service of Ukraine, the State Fiscal Service of Ukraine and the State Service for Special Communications and Information Protection of Ukraine.
You’ll see it soon: those khloptsy* will make it hot for the crypto currency owners this winter!
*(plural) regular Ukranian guys
The other intriguing news comes from Russia:
The Russian Ministry of Labor’s updated Income, expenses and property declaration guidelines for government employees for reporting on 2017 includes a point about cryptocurrency. The updated regulations state that government employees do not have to declare “virtual currencies” they obtained.
The note about cryptocurrency was added to an already existing point that stated government employees were not required to declare “goods and services in their natural forms,” adding laconically “as well as virtual currencies.”
I would consider this as a signal to all the Russian bribe-takers and other corrupted officials to switch to crypto currency bribes since bribery in fiat money is not a trend any longer…