• Sun, 24 Mar 2019, 10:53 AM
  • All times are UTC
  • Edition:
    International
Link copied

Blockchain platform KODAKOne generates over $1M in licensing claims since beta launch

Wed, 09 Jan 2019, 10:39 am UTC

Blockchain-powered image rights management platform KODAKOne’s Post Licensing Portal (PLP) has generated post licensing sales of more than $1 million since its beta launch in October 2018.

RYDE Holding, formerly Wenn Digital, the creator and operator of the blockchain-based KODAKOne, made the announcement on Tuesday. According to the official release, the KODAKOne PLP has already generated 1,667 new cases since it went live in private beta last year.

The beta platform is currently being used by agencies including Blaublut Edition and Food Centrale, as well as numerous photographers. RYDE said that there are several international customers in the pipeline for the next phase of deployment.

“We are excited that the PLP is live and helping content creators capture income that gets lost to image infringement. However, this is just the beginning of the KODAKOne Platform’s exciting future, which will be enriched by the incorporation of our blockchain,” said Jan Denecke, CEO of RYDE.

The KODAKOne PLP utilizes Artificial Intelligence powered web crawler and image-recognition technology to offer photographers and rights-holders an online image-usage tracking tool. It protects image creators’ rights and registers them with smart contracts in the blockchain.

In addition, the platform also works towards converting rights infringers into customers by making it easy to “license image usages retroactively and avoid unnecessary legal disputes,” RYDE said.

It further said that the distributed ledger technology being developed by KODAKOne will expand efforts to prevent infringement of many kinds of digital assets in the future, such as personality rights, property rights, licensing rights, and brands.

KODAKCoin

Once the KODAKOne platform is fully operational, RYDE plans to issue the KODAKCoin in 2019. Last year, reports suggested that the final phase of the KODAKCoin token offering was scheduled to start on May 21, 2018.

However, in an update published last week, KODAKOne clarified that it did not launch an initial coin offering (ICO) but rather a SAFT offering, which has raised $5 million so far. However, the SAFT offering fell short of its original funding goal.

“The regulatory landscape for ICOs shifted dramatically throughout 2018 — and despite being KODAKOne was also one of many projects to be impacted by the market downturn. After assessing the situation, we made the deliberate decision to hit the pause button while the dust settles, allowing us to put even more focus on building our product,” it added.

“Due to regulatory conditions we decided to open our SAFT Offering only to accredited investors who met certain, more stringent financial criteria…We believe anyone who meets standard KYC and AML checks will be able to buy the coin.”

[The article is not intended to be an endorsement of cryptocurrency and does not constitute investment advice.]

<Copyright © TokenPost. All Rights Reserved. >

The commenting service is available only after having logged in.
More
  • Bitcoin (BTC) $4,027.72 (-0.14%)
  • Ethereum (ETH) $137.82 (-0.48%)
  • XRP (XRP) $0.310100 (-0.65%)
  • Litecoin (LTC) $60.47 (-1.08%)
  • EOS (EOS) $3.66 (-0.87%)
  • Bitcoin (BTC) $4,027.72 (-0.14%)
Mar 22, 2019 (Friday)
10:46
SBI Group partners with U.S.-based semiconductor firm to manufacture crypto mining hardware
10:03
Square seeks engineers for new crypto-related initiatives
09:02
Cardano Foundation joins European Commission’s blockchain initiative INATBA as founding member
07:09
Blockchain smartphone maker Sirin Labs partners with MyEtherWallet
06:21
Alibaba, Aerospace Information partner to foster blockchain development
05:30
UPS partners with blockchain startup Inxeption for B2B e-commerce platform
04:36
Financial market veteran Rob Catalanello to lead crypto liquidity provider B2C2’s US expansions
03:44
Numerai secures $11M from Paradigm and Placeholder via token sale
Mar 21, 2019 (Thursday)
11:49
Former Prime Minister of Denmark joins blockchain firm Concordium as strategic advisor
11:00
North Korean dissident group CCD to issue blockchain-based post-liberation visas
10:03
Switzerland inches closer to cryptocurrency regulation
09:07
Huobi Global to launch token sale platform “Huobi Prime”
07:21
Asia Pacific Leaders Malaria Alliance’s M2030 partners with Dragonchain for blockchain-based services
06:10
CoinMarketCap launches of crypto indices on Nasdaq, Bloomberg, Reuters
05:09
seriesOne, Polymath partner to simplify security token issuance
04:13
Binance launches cash-to-crypto brokerage service in Australia
03:45
IoT startup Filament joins Enterprise Ethereum Alliance
Mar 20, 2019 (Wednesday)
11:43
Wirex launches crypto-friendly business accounts
10:43
Ground X to launch public testnet of blockchain platform 'Klaytn’ on March 29
10:08
Seoul Medical Center, Korean Ministry of Science and ICT collaborate on blockchain project
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft