Kodak’s Unveils Its New Blockchain-based Document Management System For Enterprises

Last year in January 2018, Kodak first announced about its plans to bring a blockchain-based encrypted ledger for safe and secure storage of original documents along with the ownership rights.

Last week at a conference in New York, the photography camera brand finally announced its document management system based on the blockchain technology. Note that Kodak’s Document Management Platform is the company actual product and not under the license to any third-party platforms.

The new Document Management Platform is basically for enterprises and government institutions for storing and managing sensitive documents. The platform basically makes use of the blockchain technology to provide enhanced security and performance efficiency as stated by Kodak.

With its latest announcement, the company claims that its new blockchain platform will created automated workflows while reducing human engagement in the management projects. This will not only reduce the errors but all cut costs by nearly 20-40%.

Over the last few years, Kodak has re-aligned itself as a technology company focused on providing imaging solutions for businesses. The company since then has been working on providing breakthrough solutions using disruptive technologies.

Recently, the company has been focusing on the highly talked-after blockchain technology to develop solutions for businesses and institutions.

The last year’s report suggested that Kodak is working on its native cryptocurrency called KODAKCoin, blockchain based digital currency that would track the copyrights of online images. While the project has been under developments for over an year, the launch of KODAKCoin could likely take place on July 1, 2019.

Speaking on the crypto launch, Kodak’s parent company 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”.

The blockchain-based image rights management platform KODAKOne is currently in the beta stage and is already said to have generated over $1 million in licensing claims.