Kodak Launches a Blockchain-Enabled Document Management System

Kodak's pivot to blockchain is coming into focus as the legacy camera brand announced its new blockchain-based document management system at a two-day conference in Rochester, New York.

Unlike previous Kodak-blockchain announcements, Kodak Document Management Platform is not under license to a third-party and is an actual Kodak product.

The platform, launched under the name Kodak Services for Business, is intended for businesses and governments to store and manage sensitive documents.

Kodak Document Management Platform relies on blockchain to provide efficiency and security, according to the company.

Which said the firm "Has transformed into a technology company focused on imaging for business." To that end, "Kodak serves customers with disruptive technologies and breakthrough solutions for the product goods packaging, graphic communications and functional printing industries."

Taking that message and running with it in recent years, Kodak has embraced blockchain technologies or at least lent its name to companies involved in such schemes.

In January 2018, a third-party licensed the Kodak brand name for KODAKCoin.

Following the initial announcement, Kodak's stock price jumped from $3.10 to a high of $13.28 the next day in heavy trading.

Though the coin is not yet trading, RYDE Holdings in conjunction with ICOx Innovations has built the database of image rights under Eastman Kodak's name.

Despite Kodak's baptism by fire into the world of digital assets, smart contracts, and blockchain the company's stock is up on announcement.