1. We’re solving a real-world problem for photographers and agencies: Digital rights management.
Over 1 trillion photos are uploaded to the web or to social media platforms every year, the vast majority with no copyright protection or licensing rights. Many images are invariably used without license, and it’s also inefficient and costly for photographers to administer image licensing, infringement detection and reporting.
We believe that KODAKCoin tokens, combined with the KODAKOne image rights management platform, will provide a secure, transparent blockchain-based solution through which every license is documented by a “smart” contract and royalty payments can be received instantaneously.
2. KODAK is a widely recognized and trusted global brand.
Since its founding in 1888, Eastman Kodak Co. has become synonymous with photography and pictures .WENN Digital recently established a license agreement with Kodak to use the KODAK brand for the KODAKOne platform and the KODAKCoin tokens on the platform.
3. Our technology is currently operating and generating revenue.
We have several ongoing revenue sources, including transaction fees charged to photographers and intellectual buyers for registering and licensing images on the KODAKOne Platform. We also collect fees for registering copyrights with the U.S. Copyright Office and a percentage of post-licensing fees and damages collected from infringers detected through the KODAKOne Platform.
4. Global scale and capabilities.
Through KODAKOne platform’s blockchain-based accounting and contracting system, every transaction and license agreement will be immutably stored in our decentralized registry. Our KODAKOne platform marketplace enables KODAKCoin token holders to buy, sell and book products and services.
We expect to have at least 10 million images registered with KODAKOne platform by the projected launch of the platform in the second quarter of 2019. We also have development pipeline that goes beyond image protection to include video protection, real-time intellectual property valuation, and other unique services.