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posted by cmn32480 on Wednesday January 17 2018, @12:51AM   Printer-friendly
from the get-on-the-blockchain-train dept.

BBC http://www.bbc.com/news/technology-42630136 and many others are reporting this story,

The US firm said it was teaming up with London-based Wenn Media Group to carry out the initial coin offering (ICO).

It is part of a blockchain-based initiative to help photographers control their image rights.

Kodak also detailed plans to install rows of Bitcoin mining rigs at its headquarters in Rochester, New York.

Anyone have further details?

Kodak's Supposed Crytocurrency Entrance Appears To Be Little More Than A Rebranded Paparazzi Copyright Trolling Scheme... With The Blockchain

For a few years now I've debated writing up a post about why a "blockchain-based DRM" is an idea that people frequently talk about, but which is a really dumb idea. Because the key point in the blockchain is that it "solves"...

Submitted via IRC for AndyTheAbsurd

Also at Bloomberg, The Verge, and Futurism.


Original Submission #1   Original Submission #2

 
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  • (Score: 0) by Anonymous Coward on Wednesday January 17 2018, @01:11AM (1 child)

    by Anonymous Coward on Wednesday January 17 2018, @01:11AM (#623384)

    After the switch to Digital why did they never come out with anything of significance, Nikon and and Cannon survived the switch, also I'm I misremembering wasn't the CCD developed by Kodak?

  • (Score: 2) by theluggage on Wednesday January 17 2018, @06:13PM

    by theluggage (1797) on Wednesday January 17 2018, @06:13PM (#623691)

    After the switch to Digital why did they never come out with anything of significance, Nikon and and Cannon survived the switch

    They did have a range of half-decent consumer digital cameras in the late 90s, and tried to create a camera OS with a proper API that could run custom software that added features to the camera. Sort of like small applications, but obviously nobody wants to install custom applications on a mobile device like a camera (perhaps they should have called them "plics" or "cations" or some other shortened form of "applications" that currently eludes me - and maybe opened a "Plic Store" on the internet...).

    However, imagine it's 10-20 years ago, you walk into a store to buy a "prosumer" digital camera. They have a Nikon, a Canon (with $50 voucher for a Canon printer), a Sony with Zeiss-branded optics, a Leica-branded Panasonic and a Kodak.

    Seriously - are you even going to look at the Kodak?

    I don't know about specialist/industrial products, but from the consumer POV, Kodak didn't have much rep as a quality camera/lens maker. Kodak made film, film processing equipment and ran film processing franchises. Yes they made cameras - cheap and cheerful cameras sold on the razor-blade business model with film and processing services as the blades. Even if Kodak could have sold lots of cameras, their owners would no longer buy a dozen rolls of Kodachrome to go on holiday or pay for 432 6x4 prints on their return.

    If Kodak had followed on their research and taken an early lead in digital cameras, the practical upshot would still have been to obliterate their major line of business a few years sooner.

    Instead, they tried to prolong the life of the processing business: there was PhotoCD (hand in a film, get a CD of decent-quality scanned images) which was a godsend for those of us working on multimedia at the time but (unsurprisingly) didn't have consumers queueing up so they could watch holiday snaps on their TV. Associated with PhotoCD they replaced the backend end of their processing with a digital negative-scan-and-print system that could handle both film and digital sources - which would have been a hit if everybody had come back from holiday with a dozen memory cards that they wanted turned into 432 6x4 prints*. There was the APS system that tried to make film more like digital, by adding metadata etc.

    Its one thing to adapt to a changing market - but if you are a huge company and your main business model goes bye-bye in the space of a couple of years, you are probably shafted whatever you do.

    (* Dang! these folk with horseless carriages aren't stopping every 20 miles to rest their horses any more! We'll have to sell the coaching inn, unless someone invents a new car with limited range that takes an hour to refuel - fat chance of that!)