Kodak, which filed for bankruptcy back in 2012, and recently turned a profit because Star Wars: The Force Awakens was shot on film, has announced several related blockchain plans. First is KodakOne digital rights management, which will be backed by blockchain technologies and the new KodakCoin. The latter will start with an ICO (Initial Coin Offering), a popular way to try to jumpstart new cryptocurrencies. The idea is that KodakOne will track usage of registered images, and when it comes across an unlicensed use of an image, it will help the photographer to get paid. This will dovetail into the KodakCoin, which will be the medium of exchange for licensing payments.
KodakCoin will go on sale on January 31, but the actual KodakOne infrastructure isn't planned for deployment until much later. A beta will release in Q4 2018, with the official launch slated for Q2 2019, if Kodak doesn't quietly abandoned this entire tenuous plan between now and then. It's not clear if KodakCoin will be a mineable cryptocurrency, but the third prong of Kodak's blockchain attack suggests it might be.
Kodak is planning to install a large number of dedicated ASICs (Application Specific Integrated Circuits) in its headquarters, and it will then offer two year contracts for sale to investors. The cost will be $3,400, after which Kodak will take half of the Bitcoin mined and the purchaser of the contract will get the other half. The suggestion is that at current price and difficulty levels, the hardware will earn $25 per day, meaning in two years the hardware will generate $18,000—and you'd get half of that.
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