Steer well clear of Kodak’s crypto offerings

Kodak announced a new blockchain strategy last week and saw its share price near-quadruple as a result. But investors should tread carefully.

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Are Kodak's crypto moves really a leap forward?
(Image credit: Credit: Ian Shaw / Alamy Stock Photo)

Kodak is embracing the blockchain. The former photography giant announced its "two-pronged" blockchain strategy last week and saw its share price near-quadruple as a result. But does Kodak's new vision stand up to scrutiny, or have investors jumped the gun?

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Ben Judge

Ben studied modern languages at London University's Queen Mary College. After dabbling unhappily in local government finance for a while, he went to work for The Scotsman newspaper in Edinburgh. The launch of the paper's website, scotsman.com, in the early years of the dotcom craze, saw Ben move online to manage the Business and Motors channels before becoming deputy editor with responsibility for all aspects of online production for The Scotsman, Scotland on Sunday and the Edinburgh Evening News websites, along with the papers' Edinburgh Festivals website.

Ben joined MoneyWeek as website editor in 2008, just as the Great Financial Crisis was brewing. He has written extensively for the website and magazine, with a particular emphasis on alternative finance and fintech, including blockchain and bitcoin. 

As an early adopter of bitcoin, Ben bought when the price was under $200, but went on to spend it all on foolish fripperies.