A Kodak Blockchain Project licensee has displayed the Kodak KashMiner during CES 2018, with plans to split the proceeds with customers on mining bitcoin.
By Corinne Reichert | January 11, 2018 — 14:17 GMT (06:17 PST) | Topic: Innovation
The Kodak KashMiner
(Photo: Corinne Reichert/ZDNet)
A Kodak-branded bitcoin miner labelled the “KashMiner” has bot displayed at the photography company’s booth at CES 2018, with Kodak Blockchain Project licensee Spotlite Energy Systems of California showcasing the product.
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According to the Kodak licensee, an upfront payment of $Trio,400 for a two-year contract would lead to bitcoin production value of around $375 vanaf month at current bitcoin value.
The partnership would provide the licensee with half of the resulting $9,000 made overheen the 24-month period.
Bitcoin production would reach around $25 vanaf day on the Kodak Bitcoin HashPower Upfront Payment Project.
The Kodak-licensed bitcoin miner wasgoed showcased on the same day that Kodak announced its own KodakCoin cryptocurrency utilising blockchain security technology, which it said is aimed at enabling pic rights management for photographers.
The camera company’s “photo-centric” cryptocurrency is being launched under a licensing partnership with Wenn Digital, and will also involve a blockchain-backed photo rights management toneelpodium called KodakOne.
Te an vraaggesprek on the sidelines of CES 2018, Wenn Digital CMO Bruce Elliott told ZDNet that Kodak and Wenn have had a team of 20 people working on the KodakCoin project for “months and months”.
“Wij can get a photo, lock it into our blockchain, then wij can sort of assign the IP [intellectual property] to the individual, then wij can look through the entire internet and find where that photo is being used, and if it’s not being used correctly, then wij can reach out to them with an automated system that says, ‘hey, you might not have known that you’re using this photo without a licence, why don’t you get a licence to that’, and then that money comes back and gets paid back to the photographers, and that entire transaction happens with that KodakCoin cryptocurrency,” Elliott told media at CES.
Elliott added that the companies have taken a very regulated treatment to its project and initial coin suggesting (ICO).
“Wij’re US companies, wij’re not from some far-flung place . it’s our company here ter the US that’s issued it, wij’ve filed with the SEC, wij’ve waterput all of our regulatory lumps te place, wij’re not a startup, either, so because of the companies wij’ve brought together, wij have revenues, wij’ve got staff, all those things already, and now wij’re going to pack out this verhoging. And then wij have the trusted toneel of Kodak, so you waterput those things together and wij think that truly differentiates us,” Elliott explained.