KodakCoin launched in 2017 after Ryde Holding Inc., formerly WENN Digital, reached a licensing agreement deal with Eastman Kodak Company to create the KODAKOne platform. The company is headquartered in Venice, California and was founded by Cameron Chell and jan Denecke.
KodakCoin is a cryptocurrency used to power the image right management platform KodakOne. The KodakOne platform offers users the ability to licence and track the usage of their images. The platform combines web crawling, big data, blockchain, and artificial intelligence to collect data and identify copyright infringements for its users licensed images.
On October 1, 2019 KodakCoin announced that it generated over $1 million in profit in licensing claims for photographic rights on it beta test of its platform. At the time of announcement the co-founder of KodakCoin, Cam Chell, told reporters that KodakCoin plans on integrating the KodakCoin platform with artificial intelligence, cryptocurrency payments, and on-chain metadata to improve its photographic rights licensing platform
Kodak announces ICO, stock jumps 44%
The KodakCoin ICO failed, and now everyone wants their money