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F1 Champ Alonso Adopts KodakCoin Platform for Image Protection

Two-time Formula One racing champion Fernando Alonso is tapping Kodak’s blockchain-powered platform to safeguard his image rights.

WENN Digital Inc., Kodak’s partner in developing the KODAKCoin and a new blockchain system to store and manage image copyrights, announced on June 28 that it had signed an agreement with Alonso to protect both his professional and personal images and videos, according to a press release.

According to the press release, this agreement will make the platform KODAKOne “the exclusive image registration, protection and license-monitoring solution” for Alonso’s images and videos. The system will allow his fans to access the platform, which is not live yet, to upload, register and protect their photos and videos of Alonso while being “rewarded.”

Alonso said in the press release:

“We live in a world driven by content distribution across different channels, especially during such large events as F1 and WEC. I’m very excited to know that I have the ability to reward my fans and professional photographers for their creativity, and that the content they produce can be protected by a single platform.”

Benedikt Dohnanyl, chief commercial officer (CCO) at WENN Digital, Inc, told CoinDesk the partnership has been under discussion for several months, but WENN is not sponsoring Alonso.

“We do, however, have arrangements within all of our agreements that generate revenues for our clients,” Dohnanyl added. He believes the company may begin forging similar partnerships with other clients in the near future.

“We are currently receiving a lot of requests and interest from global brands, content creators and rights holders in these various fields, to whom IP protection is of particular concern,” he said.

Fernando Alonso image via Shutterstock

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The US Postal Service Is Looking at Backing Up Data With Blockchain

The U.S. Postal Service is eyeing blockchain as part of a system for establishing digital trust, newly published patent documents indicate.

The “Methods and Systems for Digital Trust Architecture” patent application was published on March 22, having been initially filed last September. According to the application, “it is apparent that the tools that provide trust to the users are lacking in their ability to adequately provide a desired level of security,” citing concerns like transaction tampering and insecure messaging, among others.

“There are many excellent reasons for online interactions to continue as they have been. However, in a multi-party, open source environment, there is also a need for a secure, trusted, and enforceable online environment, to enable greater trust and therefore expansion of offerings online,” the application goes on to note.

The system outlined in the Postal Service’s application includes several elements, including one dedicated to email and another that provisions public and private keys for the user. It notably also calls for a blockchain component that “may be configured to receive records from the user and add the records to a blockchain.”

According to the application, some of these parts could work in tandem, including the bridging of the blockchain and email segments.

“In some aspects, the user email component is further configured to receive input indicating whether information indicating the transmission of the encrypted email body data is to be stored in a blockchain and store the information in a blockchain in response to the input,” the application explains.

The Postal Service’s application also highlights the use of a “special digital token,” though it’s not clear whether this refers to any kind of scarce form of data that would exist on the aforementioned blockchain. Per the text, “the token is used to create a record for the user for inclusion in a blockchain.”

“The block chaining of a special digital token provides evidence that a specific transaction occurred, and specifically who was involved,” it later explains.

The filing is a notable one, given that in 2016, a report from the Postal Service suggested that the mail carrier could move to create its own cryptocurrency as well as use the tech for supply chain applications, among other areas.

Mailboxes image via Shutterstock

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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Mastercard Seeks Patent for Instant Blockchain Payments Processing

New patent filings from Mastercard show how the credit card giant is looking at blockchain as a possible means for easing payment settlement times.

In a patent application released last week by the U.S. Patent and Trademark Office, the company describes a blockchain-based database capable of instantaneously processing payments, guaranteeing that merchants do not need to wait a few days before receiving funds for their products.

Further, the filings indicate that the tech would help the firm keep an ongoing record of these transactions, verifying that a vendor was actually paid after a particular sale.

The data being stored would include the transaction amount, a guarantee of payment, confirmation of the payment and account profiles for the parties involved. These account profiles will also store each users’s balance information, according to the application.

As the application details:

“There is a need for a technical solution where a payment transaction can be guaranteed in a manner that is readily verifiable by an acquiring financial institution and/or merchant, and where the guarantee can be used in conjunction with multiple types of payment instruments as well as multiple transaction types, including e-commerce transactions.”

Mastercard has repeatedly considered blockchain platforms to ease payments. Last month, the company announced it was opening up access to the blockchain tools it was developing in order to facilitate business-to-business transactions.

An earlier patent application released in September likewise focused on storing payment histories using a blockchain.

Disclosure: Mastercard is an investor in CoinDesk’s parent company, Digital Currency Group.

Mastercard image via Atstock Productions / Shutterstock

The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Have breaking news or a story tip to send to our journalists? Contact us at news@coindesk.com.

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Amazon Subsidiary Registers Cryptocurrency and Ethereum Web Domains

E-commerce giant Amazon has registered three cryptocurrency-related web domains, online records show.

According to information from Whois Lookup, three domains – “amazonethereum.com,” “amazoncryptocurrency.com” and “amazoncryptocurrencies.com” – were registered on Oct. 31. The domains are linked to Amazon Technologies, Inc., a subsidiary of Amazon.com, Inc. that has been attributed to past patent filings from the e-commerce company.

Phone numbers listed on the registration documents connect to Amazon’s legal department, though a representative of that office could not be reached by press time. The registrations were first reported by industry news site DomainNameWire.

At this time, it’s not entirely clear what purpose the domain names will serve.

As posited by DomainNameWire, Amazon may be simply moving to safeguard its brand. Back in 2013, Amazon secured “amazonbitcoin.com,” which currently redirects to Amazon’s main page – an arrangement that further suggests the protective intent of the registration.

Alternatively, Amazon could be seeking to avoid confusion between cryptocurrencies and Amazon Coin, a virtual currency product introduced in 2013 that serves as an online payment method for customers.

Representatives for Amazon did not immediately respond to a request for comment.

Image Credit: Hadrian / Shutterstock.com

The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Have breaking news or a story tip to send to our journalists? Contact us at news@coindesk.com.