Eastman Kodak unveils cryptocurrency, stock doubles

The storied Rochester, New York-based company said in a statement it is launching a cryptocurrency called “KODAKCoin” for photographers, part of “KODAKOne,” an image rights management platform in a licensing partnership with WENN Digital.

The platform uses blockchain technology, the backbone of bitcoin and other digital currencies that have surged in recent months and raised fears of a price bubble.

The stock was last up 92 percent at $5.95 in midafternoon trading on the New York Stock Exchange, off an earlier high at $6.65.

The film pioneer founded over a century ago has struggled to transform itself into an imaging software and technology company. Kodak was a Dow Jones Industrials .DJI component until April 2004, and its stock has slumped 90 percent since it emerged from bankruptcy in 2013.

Sourced through Scoop.it from: www.reuters.com

This just shows, how every well known entities (Companies) are jumping onto the Blockchain. Many more stories such as this, will be surfacing in 2018. Just wait and see.