Mr. Shidan Gouran reports
GLOBAL BLOCKCHAIN'S KODAK COIN INVESTMENT ANNOUNCES SIGNIFICANT INDUSTRY MILESTONE WITH TZERO
Overstock in a press release today said that its blockchain subsidiary, t0.com Inc. (tZero), intends to provide advisory services in connection with the recently announced Global Blockchain Technologies Corp. investment KodakOne's coin security token offering. In addition, tZero will advise on secondary trading of the Kodak coin. This is the first third party coin to be announced that tZero will be listing and trading on its much-anticipated regulated ICO (initial coin offering) exchange.
Utilizing blockchain technology, the KodakOne platform is an encrypted, digital ledger of rights ownership for photographers to register both new and archived work that they can then license within the platform. With the Kodak coin, participating photographers are invited to take part in a new economy for photography, receive payment for licensing their work immediately upon sale, receive a share of overall platform revenue, and for both professional and amateur photographers, sell their work confidently on a secure blockchain platform.
Jan Denecke, co-founder for the KodakOne platform and the Kodak coin, said: "tZero's vision in being able to develop and provide a securities token platform that complies with U.S. federal securities laws is key to the success of the Kodak coin. The Kodak coin offering is centred around providing photographers security and peace of mind, and the tZero platform allows us to provide that same security to our token holders as well."
Patrick Byrne, chief executive officer of tZero, said: "The cryptorevolution is upon us. To have KodakCoin on the tZero platform is a tremendous stepping stone in continuing the mainstream adoption of what, I would assert, may prove to be the most powerful innovation in history. As U.S. regulators seek securities-law-compliant applications for companies issuing security tokens, the issuance and trading of Kodak coin in compliance with securities laws will empower entrepreneurs and protect photographers' property and licensing rights, while achieving another critical step in defining a new wave of digital capital formation. We welcome the Kodak coin into the tZero family and look forward to working with this iconic brand."
Global Blockchain president, Shidan Gouran, stated, "Our investment in Kodak continues to progress rapidly, and we are eager to be alongside as this progresses towards its ICO in just two weeks."
The initial coin offering will open on Jan. 31, 2018, and is open to accredited investors from the United States, United Kingdom and Canada. This initial coin offering is issued under SEC (Securities and Exchange Commission) guidelines as a security token under Regulation 506(c) as an exempt offering.
About Global Blockchain Technologies Corp.
Global Blockchain Technologies is an investment company which proposes to provide investors access to a basket of holdings within the blockchain space, managed by a team of industry pioneers and early adopters of all major cryptocurrencies.
About Kodak coin
Kodak coin is the currency for KodakOne, an image rights management platform created in partnership with Eastman Kodak and WENN Digital Inc. Eastman Kodak is a technology company focused on imaging providing -- directly and through partnerships with other innovative companies -- hardware, software, consumables and services to customers in graphic arts, commercial print, publishing, packaging, entertainment and commercial films, and consumer products markets. WENN Digital is an experienced development and operations team with deep expertise in proprietary blockchain development, big data, copyright law, AI-(artificial intelligence)-enabled image recognition and postlicensing monetization systems. Further, WENN Digital leverages the market position of its 30-year-old subsidiary WENN Media, one of the world's largest entertainment news wire services, which works with virtually all the major media outlets and approximately 2,500 professional photographers worldwide.
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