The Lite paper is for – Article writers, small investors, retail investors. The whitepaper is for – Sophisticated Investors, Crypto Geeks who needs or rather who understands the details Which kind of your audience needs what kind of paper? Lite paper is just a teaser or overview of Idea. How is the lite paper different from white paper? When you need a lite paper? what is the right time?ĭoes it come before or after the White Paper? In other words, KODAKOne has competition, and it will need to provide some more robust technical specifics to merit the trust of accredited investors, in our opinion.This Episode will answer the following questions: KODAKOne is up against three decentralized photography DRM platforms (StockBlock, GPCC, IPStock) and four multimedia DRM platforms (Decent, CreativeChain, Stop The Fakes, Mavo). If KODAKOne still plans to have transaction fees, why would a photographer switch from a centralized service with a robust network to a new decentralized service that takes comparable fees? There are other reasons why a photographer might switch in this scenario but KODAKOne’s approach feels neither here nor there.Īfter all, there’s nothing stopping other developers from building a similar version of KODAKOne that is actually decentralized with no transaction fees. One problem with most centralized services is their transaction fees - no one ever really wants to pay. The lightpaper fails to offer a compelling vision of the existing problems facing the digital photography industry and how to solve them. The lightpaper did not once mention the largest digital photo marketplace, Shutterstock ( Ticker: SSTK), nor did it mention the numerous other microstock photography startups. KODAKOne’s lightpaper also is a good example of how NOT to write a problem/solution section - there are no mentions of any centralized digital photo marketplace throughout the lightpaper or any backing sources. It’s no surprise that centralized companies will struggle to fully embrace decentralization. Token appreciation is a fundamentally different way to think about running a company (if we can even consider decentralized platforms ‘companies’). Hidden away in a footnote on page 6, the lightpaper reads:įor big businesses, token appreciation is a hard concept to grasp, especially the likes of WENN Digital and Kodak have lived in a world of charging fees. KODAKOne, on the other hand, is planning to instill a business model based on transaction fees. Instead of collecting transaction fees, the team developing a decentralized platform benefits from the appreciation of their token holdings. The supply-demand dynamics of a decentralized system can lead to the appreciation of that platform’s token value. Instead, the “business model” of a decentralized platform is primarily token appreciation. One of the beauties of decentralization is that it can render middlemen redundant and, in doing so, do away with rent collection and transactions fees (on most blockchain platforms, miners who maintain them charge little to no fees). At least not in the traditional sense of the word. The lightpaper, however, does illustrate the main reason why big organizations will have difficulty launching and popularizing their own crypto assets:ĭecentralized platforms typically don’t have business models. The lightpaper does not tell us much new information regarding its platform besides that KODAKCoin will be a ERC20 token and its intended platform release will be June 2019. Our main takeaway: KODAKOne misses the point of decentralization. The lightpaper is not a whitepaper - the lightpaper does not detail technical specifics of the platform. Last week, after a communication hiatus and nearly two months after the original announcement, KODAKOne released its lightpaper providing an overview of its crypto platform. Subsequently, the ICO (originally planned for January 31) was postponed indefinitely. The ICO was met with a decent amount of criticism and cynicism. In early January, Kodak announced its intention to partner with WENN Digital to release a crypto platform for image digital rights management. We’ve written about KODAKOne’s ICO in a previous newsletter. This analysis continues our coverage of the decentralized digital rights management sector. What big companies should NOT learn from KODAKOne’s lightpaper
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