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Eastman Kodak unveils cryptocurrency, stock doubles

Reuters  |  SAN FRANCISCO 

By Noel RandewichSAN FRANCISCO (Reuters) - Shares of Eastman Kodak Co more than doubled on Tuesday after the one-time leader in photography became the latest company to jump on the cryptocurrency bandwagon.The storied Rochester, New York-based company said in a statement it is launching a cryptocurrency called "KODAKCoin" for photographers, part of "KODAKOne," an image rights management platform in a licensing partnership with WENN Digital.The platform uses blockchain technology, the backbone of bitcoin and other digital currencies that have surged in recent months and raised fears of a price ...

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First Published: Wed, January 10 2018. 09:16 IST
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