KODAKOne, a blockchain-powered image rights management platform, has announced that it will develop its payment solution using the Stellar platform, ICO Examiner reported.
Photo giant Kodak announced its blockchain vision earlier this year with the announcement of KODAKOne platform and KODAKCoin cryptocurrency, in partnership with WENN Digital.
In an update posted on LinkedIn, Volker Brendel, CIO at Wenn Digital, said:
“We are supporting the stellar protocol for any kind of payment transactions in the KODAKOne platform.”
Brendel also clarified that KODAKOne would not use the ICO related ERC20 token, adding that it is a security token and not the platform utility token. He further revealed the platform's “multi ledger architecture”, which will have one hybrid token, the KODAKCoin.
“It [KODAKCoin] is a pure utility token,” he added. The final phase of KODAKCoin token offering kicked off on May 21, 2018.
Furthermore, KODAKOne also uses some parts of Hyperledger, Brendal said, to handle the licensing and on chain transactions and rules with Hyperledger Fabric and chain code in go.
The team also plans to ensure flexibility in the underlying blockchain technologies to support other blockchain protocols. To that end, Brendal said that they are currently looking into NEM and EOS.
KODAKOne recently secured two major partnerships – one with the Oak View Group (OVG) and six NBA, NHL and concert arenas; and the other with two-time Formula 1 World Champion Fernando Alonso.
“We expect to launch the Beta version of our platform at the end of 2018,” KODAKOne said in an online post.
