UBS with some remarks on the recent move from Kodak and other companies
- Kodak’s recent pivot toward the blockchain was certainly an eye catching move but one which gets more puzzling the closer you look at it.
- Kodak is not heading down this venture alone with business partners including a paparazzi photo agency, a penny-stock promoter and a company offering what has been called a “magic money making machine.”
- While the problem of photographers proving ownership of their images is a genuine one it’s not obvious how the block chain is a solution. The plan is for any trade or copyright violations to be settled in KodakCoin, a new cryptocurrency, which may or may not be freely tradeable or exchanged for camera equipment.
- Why not just use cash?
Good question …
While you’re here, update on bitcoin: