Kodak, one of the oldest camera makers from America has launched a product called blockchain-based document management system. The announcement was made public at a two-day conference in Rochester, NYC. The new launch is a part of Kodak’s existing products and not a third-party licensed one.
Kodak Document Management Platform is exclusively designed for governments and businesses; for storing and managing confidential documents. According to Kodak, the platform which is named Kodak Services for businesses uses blockchain to deliver security and efficiency.
There are features such as automated workflow which will control expense in the platform, coupled with minimal human management of content, information, and documents.
In the past couple of years, the company has embraced blockchain technology. Last year, Kodak’s cryptocurrency – KODAKCoin was licensed by a third-party. The product is used to license photographs; while preventing copyright issues. Initially, after the launch, the company’s stock price shot up from $3.10 to$13.28, leading to sheer trading on the day after.
Many polarized voices assumed the launch for the 130 years old firm as eighter a great reinvention or a scam. There was a launch delay for the currency; just a day before its ICO debut. The project is still under development and is scheduled to be launch in July this year.
The parent firm of Kodak said: “In light of the increased worldwide regulatory interest in ICOs, RYDE Holding, Inc. is taking the necessary measures to ensure that our offerings comply with all applicable securities and other laws.”