Kodak (KODK) proudly displays the news of its entry into the world of blockchains and cryptocurrencies.

Source: KODAKOne

“The KODAKOne image rights management platform will create an encrypted, digital ledger of rights ownership for photographers to register both new and archive work that they can then license within the platform. KODAKCoin allows participating photographers to take part in a new economy for photography, receive payment for licensing their work immediately upon sale, and sell their work confidently on a secure blockchain platform.” – Source: Eastman Kodak

And thus Eastman Kodak (KODK) entered the world of blockchains and cryptocurrencies.

When I last wrote about KODK almost 5 months ago, I offered it up as a stock to watch. I was hopeful it could become a value play, but I did not dare touch it because the technicals were so bad. The stock still trades below that point, but a 119% rally on this blockchain/crypto news brought new and sudden life to the stock…to the tune of a 119% gain.

Eastman Kodak (KODK) surges on blockchain and crypto news. The buying enthusiasm stopped perfectly at 200-day moving average (DMA) resistance.

Source: FreeStockCharts.com

If nothing else, this news should bring more interest in Kodak as a company. Of course, Kodak is a company of a previous generation. Kodak severely lagged the transition to digital photography, and its belated catch-up attempt failed to stave off bankruptcy. The newly incarnated company seemed to have promise, but the new hope only lasted 4 months before the persistent decline resumed. KODK peaked close to $38/share in January, 2014. Now, KODAKOne, through blockchain and cryptocurrency technologies, might provide one of the last hopes of the company to revive itself in earnest.

There are many interesting angles on this story. For example, Kodak’s ICO will be issued under SEC guidelines as a security token under Regulation 506 (c) as an exempt offering and thus has a good chance of being highly subscribed. Kodak also plans to mine its own cryptocurrency; Kodak already licenses bitcoin mining technology.