KodakOne uses blockchain and web crawlers to spot stolen images

Kodak is working to help photographers fight image theft using a blockchain and cryptocurrency. After announcing KodakOne during the 2018 Consumer Electronics Show, owner of the image rights management platform Wenn Digital has now achieved funding for KodakCoin. KodakCoin will launch on May 21, followed by the KodakOne platform sometime during late 2018.

KodakOne uses the idea of a blockchain — protecting data through a large network of computers — and applies the concept to managing photo rights. The company calls it an “encrypted digital ledger of rights ownership for photographers.” Photographers can add new images as well as archive images to the system. Because of the blockchain structure, the data is stored on a large network of computers that helps create a public ledger, adds a layer of protection, and prevents data loss.

While the blockchain keeps the record of photographs, crawler bots will search the web for those photos, Kodak said. Licensed images will be linked to an IP address, so bots won’t incorrectly flag purchased images. If that crawler detects an image that wasn’t properly licensed, Kodak says the platform assists photographers in getting those sites to license the image.

“For many in the tech industry, ‘blockchain’ and ‘cryptocurrency’ are hot buzzwords, but for photographers who’ve long struggled to assert control over their work and how it’s used, these buzzwords are the keys to solving what felt like an unsolvable problem,” Kodak CEO Jeff Clarke said in a statement. “Kodak has always sought to democratize photography and make licensing fair to artists. These technologies give the photography community an innovative and easy way to do just that.”

Along with serving as a platform for photographers to help find and recover stolen images, KodakOne will also function as a licensing platform where photographers can sell their work. Kodak said the platform pays in KodakCoin immediately after the sale and is ideal for both professional and amateur photographers.

After KodakCoin’s initial offering launched on January 31 in the U.S., U.K., Canada, and other select countries, KodakCoin announced on May 10 that it will price the Simple Agreements for Future Tokens (SAFT) at $1.00 starting on May 21. The successful SAFT funding will allow KodakCoin to launch in the next few weeks. Wenn Digital says that KodakCoin is facilitated by Cointopia with management from Pickwick Capital Partners LLC and Exemplar Capital LLC. Both firms are FINRA members and the broker-dealers are registered with the SEC.

“We are excited to offer the SAFTs and the rights to the underlying KodakCoin in a manner structured to fully comply with an exemption to the SEC’s registration requirements,” Jan Denecke, CEO of Wenn Digital, said in a statement. “Our goal with this offering is utmost security and transparency, working to bring digital tokens to investors by adhering to industry best practices and in a manner that we hope instills public confidence in the crypto space.”

Photographers can learn more about the company’s plans for a blockchain-protected rights management network at the KodakOne website.

Updated on May 10 to include KodakCoin’s funding and launch date.

Computing

Mining cryptocurrency for Razer Silver isn’t worth your computing power

Gaming peripheral maker Razer launched a cryptocurrency mining scheme called SoftMiner. You use its software to mine and in return, you get Razer Silver which you can use to buy Razer gear.
Mobile

Give Rachael Ray a run for her money with these 13 recipe apps

You don’t have to be Gordon Ramsay to make a killer meal, you just need an easy to follow recipe app. We’ve compiled our 13 favorite cooking apps for Android smartphones and iPhones, including countless recipes to suit any taste.
Movies & TV

The best shows on Netflix, from 'Haunting of Hill House’ to ‘Twilight Zone’

Looking for a new show to binge? Lucky for you, we've curated a list of the best shows on Netflix, whether you're a fan of outlandish anime, dramatic period pieces, or shows that leave you questioning what lies beyond.
Digital Trends Live

Cryptocurrency investor Ian Balina sees a comeback for cryptocurrency in 2019

We chatted with crypto investor Ian Balina on what the future is for cryptocurrencies and Bitcoin. He also gave us three things to look for when we are investing our own money.
Photography

These are the best action cameras money can buy

Action cameras are great tools for capturing videos of your everyday activities, whether it's a birthday party or the steepest slope you've ever descended on your snowboard. These are the best money can buy.
Photography

Canon holiday sale features the Rebel T6 2-lens kit for just $449

If you have a budding photographer in your life in need of a real camera, the Canon EOS Rebel T6 could make the perfect gift. Canon is currently offering the camera in a two-lens bundle for just $449 through December 29.
Mobile

Leave the laptop at home, the iPad Pro is the travel buddy to take on vacay

The iPad Pro is a powerful tablet that's perfect for creatives and professionals. How does it fare when traveling with it as a laptop replacement? We took it on a two week trek in Japan to find out.
Emerging Tech

Light, speed: Lighting kit for DJI Mavic 2 lets you fly and film in the dark

Lume Cube, maker of small battery-powered LED lights for mobile photography, has announced a new lighting kit built specifically for the DJI Mavic 2 -- the first of its kind. Already our favorite drone, this makes the Mavic 2 even better.
Social Media

Instagram’s 2018 year in review shines a light on where our hearts are

What did Instagram users share the most in 2018? A lot of heart emojis, heart face filters, and heart GIFs. The platform recently shared the year's top trends, including hashtags like #fortnite and #metoo along with a few surprises.
Deals

Want a fun, affordable instant camera? The Fujifilm Instax Mini 7S is just $49

Instant cameras have had a surprising resurgence of late, and no brand is better recognized in the instant photo space today than Fujifilm Instax. Walmart is currently offering the Instax Mini 7S for just $49.
Photography

Not just for Lightroom anymore, Loupedeck+ now works with Photoshop

Loupedeck+ can now help photographers edit in Photoshop too, thanks to physical controls for swapping tools, running actions, and more. The photo-editing console expanded to include Photoshop in the list of compatible editing programs.
Emerging Tech

The best drone photos from around the world

Most of today's drones come equipped with high-end cameras, which are quickly revolutionizing the world of aerial photography as we know it. Here are some of the best drone photos from around the world.
Computing

Need a monitor for professional photo-editing? These are the very best

Looking for the best monitor for photo editing? You'll need to factor in brightness, color accuracy, color gamut support and more. Fortunately, we've rounded up the best ones for you, to help you make an educated purchase.
Photography

2018 was a terrific year for new cameras. Here are our favorites

This year, we saw the unveiling of several exciting new cameras. We look back at our favorite models -- each delivering something unique, yet all are powerful and feature-rich. Camera fans, rejoice!