Kodak’s Cryptocurrency Could Transform The Way Professional Photographers and Photography Companies Make Their Money

photo by Antonio Pascual Pedrero

VotoArt was created with a passion for helping photographers make money with their photos. Recently, Kodak has circulated some breaking news that could prove beneficial to professional photographers making a living through photography. In addition to reading this blog we also hope you will be an active part of our photography contests.

Kodak announces KodakCoin

As you may have heard, cryptocurrency is fast becoming the latest rave in the digital realm. Recent developments have proven that almost any company claiming some association with bitcoin or cryptocurrencies will see their share prices soar. That is exactly what happened to Kodak, the legendary photography firm, when it hopped on the cryptocurrency bandwagon this past Tuesday. That’s right , Kodak has announced it’s own “KodakCoin”.  Investors have wasted no time cashing in on this announcement. “The stock, which opened at $3.10 on Tuesday, soared by a staggering 147 percent to reach a high of $7.65 during market trading. It wasn’t over yet, though, as the stock continued to soar to a staggering peak of $10 in after-hours trading, more than triple the morning price” states an article by Rollie Williams

So what is all the excitement about?

As photographers, protecting our photography is a huge concern, and this announcement promises to be a huge step forward in this area. Kodak’s cryptocurrency called “KodakCoin” will  position Kodak as an agent, financial intermediary and banker for photographers. This will be unprecedented when compared to existing options with stock photography companies.

How will KodakCoin Work?

According to an article written by David Coker, the genesis of Kodak’s services will be ownership verification. Once a photograph is accepted by Kodak for management, a unique “hash” will be calculated. Effectively a fingerprint of the photograph, Kodak will be able to not only prove ownership but also scan the web for unauthorized usage. Even more exciting, not only can unauthorized usage of photographs be detected, but full negotiation and payment for the rights can be automated. This is accomplished by means of what are called “smart contracts”. Smart contracts are digital and essentially eliminate the need for human interaction, allowing Kodak to neatly undercut legacy service providers with their embedded cost structures.

Kodak CEO Jeff Clarke Says:

“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 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.”

What Makes This So Important

The KodakCoin shouldn’t be viewed as a one-off.   Alternatively, it is yet just another sign that a significant revolution is underway.  All of this to say we see that there is hope for photographers to soon have a better way to profit from and protect their photography.

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Pro Picks 2018 Vol 1 Scenery Winners pages 2-6

VotoArt Pro Picks 2018 Top 100 Scenery

Pro Picks 2018 Vol 1 Scenery Winners pg 2-6

In the next 10 VotoArt.com Newsletters we will feature the winners of the prestigious VotoArt Scenery Pro Pics 2018 Award. These winners are titled with being the top 100, all time best scenery photos, uploaded to VotoArt.com.

The photos and credits of the winners will be published in the upcoming addition of the Pro Pics 2018 Scenery book collection by VotoArt.com.

Pro Pics 2018 Scenery Volumes 1-5 are a compilation of the top one hundred most outstanding scenery photos uploaded to VotoArt.com.The images were elected among thousands by the VotoArt team using selective criteria. This Pro Pic book collection will soon be available for all contributing photographers to order as a personal promotion tool or to be displayed on their coffee table.

This highly esteemed award recognizes photographers for their excellent work and is designed to aid in individual promotion. Whether it is on display at the photographer’s home, or used as part of a portfolio for marketing, the Pro Pics book is both eye-catching and an impressive achievement. The Scenery series has five volumes, with twenty photos introduced in each. Each page will display one photographer’s photo, name, and their VotoArt portfolio link. The books themselves are high quality, lay-flat books with an eloquent soft feel. Volumes will soon be made available for order, both individually and as a collection, to photographers who have won the award.

First 5 Photographers of Vol 1