The KODAKOne image rights platform will monitor and protect 10+ million images for social media content community Lobster across the web
Vancouver, British Columbia--(Newsfile Corp. - September 16, 2018) - GLOBAL BLOCKCHAIN TECHNOLOGIES CORP. (CSE: BLOC, BLOC.CN, BLOC.CNX) (FSE: BWSP) (OTC Pink: BLKCF) ("BLOC" or the "Company"), a lead investor in the KODAKOne platform, is pleased to announce that ICOx Innovations Inc. ("ICOx Innovations"), a company which creates loyalty, reward, gaming, and payment cryptocurrencies for established companies that can benefit and grow their business through blockchain technologies and cryptocurrencies, announced on September 10, 2018, that its client, the blockchain-based KODAKOne Image Rights Management Platform and the KODAKCoin cryptocurrency, has struck a partnership with Lobster, an AI and machine learning-driven platform that helps photographers and social media users upload and monetize their photos and videos. Through the partnership, KODAKOne will monitor and protect the 10+ million images and later videos stored in Lobster's database.
KODAKOne, which was created and operated by Ryde Holding (formerly WENN Digital, Inc.), is offering three key services through the agreement: an image recognition algorithm that can analyze billions of images within a fraction of a second; a network of web crawlers that monitor the web; and a post-licensing service that helps owners get compensated for their images that have been used without their consent (or that helps them take those images down). In a two-week test campaign, KODAKOne monitored the use of 10,000 images from Lobster's library across the web and found a significant and material number of hits on average for each image.
"For us, the launch of our partnership with Lobster is a perfect use case for our mission: Giving photographers, artists and the average smartphone user full control of how their images are being used across the web," said Jan Denecke, CEO at Ryde. "Before we launch our platform later this year, we are happy to see that our post licensing and global monitoring service is able to help so many people around the world already."
Lobster's platform licenses photos and videos from Instagram, Facebook, Flickr, Vimeo, YouTube, Dropbox, Google Photos, Verizon Cloud, VKontakte (VK), and Foursquare. Lobster uses AI and machine learning to apply sophisticated tagging, filtering, ranking, and curation to its database. More than 10 million images and videos are directly available, while Lobster has access to billions more upon request.
"We are excited to join forces with KODAKOne in identifying content that is being used across social media without permission," said Olga Egorsheva, CEO of Lobster. "Providing this info to our users and empowering them to offer post-licensing to the (often unintentional) copyright infringers in a positive way will be extremely beneficial."
As a next step, KODAKOne, which is powered by the KODAKCoin cryptocurrency, will register all of Lobster's images on its blockchain. Once this is complete, Lobster will be able to offer monitoring and post-licensing to all its users upon request.
"One of the biggest challenges companies face is developing promising technologies but failing to gain widespread adoption," said Bruce Elliott, President of ICOx Innovations, which helped create and launch KODAKOne. "This partnership with Lobster is one of the first cases of blockchain technology being adopted in the real world to protect rights and compensate creators for their work. With this partnership, KODAKOne is leading the way for big brands to bolster adoption by leveraging the technological innovation taking place within the blockchain and cryptocurrency space."
Under a business services agreement, ICOx Innovations assists Ryde Holding with developing and integrating KODAKOne's blockchain and cryptocurrency technologies, as well as strategy and corporate business development offerings relating to KODAKCoin 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.
BLOC also announces that Peter McCague has resigned from the Board of Directors in order to focus his efforts on other business commitments. The Board wishes to thank Mr. McCague for his contributions to the Company and wishes him well with his future endeavors.
On behalf of the Company:
Shidan Gouran, President and CEO
For more information, please contact:
IRTH Communications, LLC
About Global Blockchain Technologies Corp.
The Company provides investors access to a basket of direct and indirect holdings within the blockchain space. BLOC is focused on streamlining the currently arduous, lengthy, and complicated process that interested investors must undergo to gain exposure to the blockchain space, with a view to becoming the first vertically-integrated originator and manager of top tier blockchains.
BLOC is listed on the Canadian Securities Exchange ("CSE") and its common shares trade under the ticker symbol "BLOC." Additional information relating to BLOC is available on SEDAR at www.sedar.com, the CSE at www.theCSE.com, as well as on the Company's website at www.globalblockchain.io
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.
Founded in 2013 in London, Lobster is an innovative content marketplace platform that connects brands, agencies, media, and creatives with authentic UGC sourced from ten social media and online archives. Based on a unique blend of new tech, Lobster makes it simple for clients to search, find, and license beautiful photos and videos from a growing global community of creators. For more information, go to https://lobster.media/.
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 clients' 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.
Cautionary Note Regarding Forward-Looking Information
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