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The creator and operator of the blockchain-based KODAKOne Image Rights Management Platform RYDE Holding, Inc. recently announced that the Post Licensing component has been post-licensing cases of over $ 1M since it went live in private beta in October 2018.
The KODAKOne Platform, powered by AI technology, provides high levels of automation in contracting, accounting and reporting, which they believe can be passed on to our community. They intend for their own cryptocurrency payment platform to allow our photographers to be paid in KODAKCoin instantly, with fully transparent reporting and recordkeeping.
They are an archive of over 10 million images that are now earning revenues from the post-licensing service provided by Ryde. Their web crawler platform scours the web and detects unlicensed usage of images. A percentage of license fees and damages collected from infringers detected through the KODAKOne Platform goes to the company.
According to the announcement, they have already generated 1,667 new cases since its beta launch in October. They have a platform to be a leading service provider to protect their work, increase their sales and ensure they are fairly compensated.
The beta platform is operational as well as numerous photographers, with multiple international customers in the pipeline for the next phase of deployment.
"In the current unregulated media landscape, photographers are unable to control the use of their assets or the context in which they are seen. We are excited that the PLP is However, this is just the beginning of the KODAKOne Platform's exciting future, "said Jan Denecke, CEO of RYDE.
The CEO of one of their clients Balublut, Gudrun Wronski added:
"The KODAKOne PLP allows us to promote and license our contributors. KODAKOne will be tracked and collect the post-license fees on our behalf. Not only does this provide essential revenue for Blaublut Edition's photographers but it also opens up new markets, clients and territories that have been left undiscovered without KODAKOne's involvement. "
Notably, their crypto, KodakCoin is registered with the US SEC that used Simple Agreement for Future Tokens (SAFT).
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