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Kodak’s KODAKOne, a block-chain-based image copyright platform, has earned $ 1 million in licensing revenue. It was a project that had a lot of words that it would fail a year ago.
Kodak’s Kodak block chain-based image copyright platform allows photographers to securely keep their pictures and track and monitor their copyrights. It means that you can monitor the copyright where you wrote the photos. Kodak has announced plans to procure $ 50 million through Kodak Coin, its own token last May.
KODAKON, a professional photographer, says that only 20% of the license fees are actually obtained, and that the cost of human intervention is so high that KODAKO can solve these problems through smart contracts and block chains.
According to the International Federation of Copyright Management Associations (CISAC), the worldwide copyright collecting market has grown by about 30% between 2007 and 2015, but the content is much smaller than music and movies. The photographer is struggling with the copyright challenge. Kodakone’s success can be an example of how block chaining is useful as a means to change this phenomenon.
Of course, on the other hand, there is a skeptical voice about Kodak One’s $ 1 million license sales. There is doubt that it will be necessary to increase transparency by disclosing information such as the amount of royalties from certain countries, including how to check licensing costs in the future. For more information, please click here .
https://youtu.be/lpZnZXAjGv0
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