Kodak launches blockchain-based document management platform

Kodak Services for Business launched a blockchain-based document management platform during a two-day conference held in New York.

According to a report by Cointelegraph, the Document Management Systems (DMS) will enable enterprises and governments to better manage sensitive documents and ensure their security, as well as provide real-time access to records through automated workflows and archiving. According to Kodak, this solution can help businesses save up to 40% of operational costs by increasing productivity and preventing information loss.

During the event, Kodak also showcased other products including Scan Cloud, which allows users to process data anytime, anywhere, and convert documents into useful business processing information based on specific user requirements. Alejandro Castano, a management consultant from IKNO Colombia, added:

Kodak is synonymous with trust and quality. Being able to strategically collaborate with Kodak Business Services will allow us to leverage cutting-edge technology and draw from Kodak's experience in other Latin American companies to provide our clients with optimized process solutions, ultimately saving on manpower and technology costs.

Kodak Business Director Ivan M. Bou responded:

The Kodak Innovation Day brought together many of our key stakeholders, and the reception to our expanded product portfolio has been very positive. We look forward to engaging with our partners to develop our business by offering truly unique solutions.

The company had previously utilized blockchain to establish a database and recently partnered with RYDE Holding to launch an image copyright platform to protect copyrights and help photographers monetize their work, opening up potential new sources of income for professional photographers and even hobbyists.

It is understood that Kodak had previously announced in January 2018 that it would conduct an ICO for its cryptocurrency KODAKCoin, but due to review issues, it issued a statement stating the need to delay the release of its cryptocurrency. Kodak is still actively developing the blockchain-based KODAKOne platform and plans to launch an ecosystem centered around KODAKCoin in the future.

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