Today Kodak hopped aboard the Crypto Bandwagon with a “major blockchain initiative.”

The company and WENN Digital announced Tuesday the launch of the KODAKOne image rights management platform and KODAKCoin, a photo-centric cryptocurrency.

For its part, Kodak acknowledged in its press release that blockchain, like cryptocurrency, is a “hot buzzword” right now, but CEO Jeff Clarke said that the technology will actually prove useful in the company’s case. “For photographers who’ve long struggled to assert control over their work and how it’s used, these buzzwords are the keys to solving what felt like an unsolvable problem,” he said in the release.

Asserting Control Over Work

What does the KodakCoin have to do with the unsolvable problem of photographers "who’ve long struggled to assert control over their work"?

RECOMMENDED ARTICLES

Absolutely nothing!

It's a digital coin stupid. It's possible that blockchain technology will be of some use in regards to the stated mission, but the coin is pure nonsense.

Companies needing to resort to hype to boost share price are more than likely solid long-term shorts. Kodak went bankrupt once. It's share price looks as if it may have been headed there again.

I have not followed the company for years, and have no position, but this is nothing more than a clear gimmick to boost share price, and an obvious one at that.

Mike "Mish" Shedlock

Venezuela to Launch "Petro" Cryptocurrency

With Venezuela in default as well as hyperinflation, president Maduro vows to fight a US "blockade" with the "Petro".

Overstock Surges 23% on News it Will Sell Retail Business, Launch tZero Crypto

In an obvious act of desperation, Overstock will sell its retail business to launch a crypro business called tZero.

Facing Inflation of 5600% Venezuela Launches "Petro" Cryptocurrency

Venezuela's annual rate of inflation is 5600%. President Nicolas Maduro has his hopes pinned on the "Petro".

Pure Fake News (PFN) from Investopedia “IMF Urges Banks to Invest In Cryptocurrencies”

An article from Investopedia recently caught my attention: “IMF Urges Banks to Invest In Cryptocurrencies”

With Trade Deficits Soaring: Who Will Buy US Treasuries?

"Will there be a mismatch between what the U.S. wants to sell (Treasuries) and what the world wants to buy?"

Cryptocurrencies "Greatest Opportunity" to Get Millennials to Trade

TD Ameritrade hopes to get millennials to trade. Cryptocurrencies is the way.

Amazon to Launch New Physical Grocery Store Chain Business

Apart from Whole Foods, which Amazon purchased, it will launch its own grocery store chain.

Bitcoin and All Existing Cryptocurrencies Headed to Zero

MacroVoices host Erik Townsend has me convinced that Bitcoin fans have things ass-backward. Bitcoin is headed to zero.

Petro-Yuan Futures Launch in March: Ignore the Hype, It's a Good Thing

After a 25-year wait, China is about to trade Yuan Oil Futures. Expect to see and hear a lot of hype over this event.