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Online gamblers could soon find themselves using a new cryptocurrency from an old reliable brand we have all grown up with, a brand everybody knows and trusts. Kodak, the camera company, announced it has plans to begin offering its own cryptocurrency and this sent the firm's share price skyrocketing.
Bookmaker accepts most crypto-currencies
Shares jumped 60% on the news in fact.
It remains to be seen whether the Kodak cryptocurrency might some day be implemented into the online gambling sphere as it is currently intended primarily for photographers.
From the Verge.com:
KodakCoins will work as tokens inside the new blockchain-powered KodakOne rights management platform. The platform will supposedly create a digital ledger of rights ownership that photographers can use to register and license new and old work. Both the platform and cryptocurrency are supposed to “empower photographers and agencies to take greater control in image rights management,” according to the press release. The digital currency is meant to create a new economy for photographers to receive payment and sell work on a secure platform.
Kodak CEO Jeff Clarke said in a press statement, “For many in the tech industry, ‘blockchain’ and ‘cryptocurrency’ are hot buzzwords, but 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.”
- Aaron Goldstein, Gambling911.com
