Kodak delays the launch of its ICO, Shares decline

In fact, the statement explained “Given the large interest in the KODAKCoin ICO and the steps that we need to take to verify the ‘accredited investor’ status of each interested investor, we expect this process to take several weeks.”

This announcement was negatively perceived by investors, as its stock declined by more than its stock 13% on indices.

The New York Times has also remained critical of Kodak’s involvement with Blockchain tech questioning it over its investigation practices, and its business partners.

As a response, Kodak chief Jeff Clarke affirmed the company’s disconnection from the photography industry, which has led to the venture into the Blockchain space, and said: “This is not a dog food company that’s creating a currency. This is a real solution around digital rights that Kodak has been involved in for many years.”