Following successful partnership with KODAKOne, ICOx Innovations offers established brands pathway into cryptocurrency
LOS ANGELES, CA, Sept. 06, 2018 (GLOBE NEWSWIRE) -- Following its successful partnership with KODAKOne, ICOx Innovations has unveiled a comprehensive portfolio of service offerings that will assist time-tested companies to reimagine their interactions with their vast markets by ushering them into their own blockchain economies.
ICOx Innovations creates loyalty, reward, gaming and payment cryptocurrencies for established companies that can benefit and grow their business through blockchain technologies and cryptocurrencies. The resulting blockchain economies solve long-standing problems by helping big brands reduce their transaction costs and increase customer adoption and engagement.
"We're offering something that no one else is - the opportunity for the brands we already know and love to build stronger loyalty with the customers they already have, or create powerful new connection networks with former or indirect communities, using the breakthrough technology of blockchain and cryptocurrency," ICOx Innovations Founder and Chairman Cameron Chell said. "Many cryptocurrencies out there are in search of a way to be useful. ICOx Innovations' blockchain economies expand on the successful markets that businesses have already created and consumers still want."
ICOx Innovations helped create and launch KODAKOne, a blockchain-based platform that will create an encrypted ledger of rights ownership for photographers to protect, manage and monetize their new and archived works - making it significantly cheaper and faster to register, move and sell their digital images. By pairing blockchain technology with KODAKCoin (its designated cryptocurrency), KODAKOne will enforce copyright compliance and track the usage of images, giving photographers more control over licensing as well as a comprehensive marketplace that meets all their needs.
Under a business services agreement, ICOx Innovations assists the founding company of the KODAKOne platform, Ryde Holding (formerly WENN Digital), with developing and integrating KODAKOne's blockchain and cryptocurrency technologies and the KODAKOne platform. Ryde Holding has a brand licensing agreement with the iconic imaging technology company to use the Kodak brand in connection with the KODAKOne platform and KODAKCoin. ICOx Innovations has an equity stake in Ryde Holding.
In June, Ryde Holding announced an official partnership with six OVG Arena Alliance venues, introducing KODAKOne and KODAKCoin into the home arenas of four NBA teams and two NHL teams. Through the partnership, more than 10 million fans each year will have access to the to-be launched KODAKOne Platform, enabling them to upload, register and protect their in-venue photos and videos via KODAKOne Platform's blockchain technology.
"Our partnership with ICOx Innovations has opened up a future whose potential cannot be underestimated," said Jan Denecke, CEO of Ryde Holding. "We're combining groundbreaking blockchain technology with the images that capture the moments we want to remember. The ICOx Innovations team has the unique combination of technological, enterprise and regulatory expertise we need to bring the KODAKOne potential to life."
ICOx Innovations creates cryptocurrencies that are fully compliant with industry and government regulations. It creates liquidity for the brand loyalty cryptocurrency through a custom programmable monetary policy, which includes currency price management; exchange and liquidity management; and coin-velocity management (supply, demand, turnover incentives).
For more information on ICOx Innovations, visit http://icoxinnovations.com.
For more information on KODAKOne, visit https://kodakone.com.
About ICOx Innovations
ICOx Innovations, Inc. provides a platform for the design and creation of crypto economies that solve real-world problems with established organizations. ICOx Innovations provides operational insights intended to benefit and grow its customers' businesses through the use of blockchain technology and cryptocurrencies. The ICOx Innovations platform is compliance-driven and combines rigorous strategic planning, capital structuring, technical integration and token economics model development, designed to allow its clients to create sustainable economies. The ICOx Innovations team co-founded KODAKOne, a blockchain-based image-rights management platform, and is the co-architect of KODAKCoin, the token that will reward and incentivize the KODAKOne platform users. For more information on ICOx Innovations, go to: www.icoxinnovations.com.
About Ryde Holding, Inc.
Ryde Holding, Inc. (formerly WENN Digital, Inc.), a brand licensee of Eastman Kodak Company, is the creator and operator of the KODAKOne Platform and the KODAKCoin Tokens. Ryde and its advisors are an experienced development and operations team with expertise in proprietary blockchain development, big data, copyright law, AI-enabled image recognition and post-licensing monetization systems. For more information, go to kodakone.com.
Media contact: Arian Hopkinsarian@icoxinnovations.com
Source: ICOX INNOVATIONS INC.