ICOx Innovations designs and creates branded blockchain economies for established companies to benefit and grow their businesses through blockchain technologies and branded corporate currencies.
Late last year, the tech company began trading publicly on the TSXV and the OTC (symbol ICOX) an important milestone for ICOx as it will likely attract new investors and further fuel ICOx’s approach in creating branded blockchain economies.
“Now that we are a publicly traded company, we are not only committed but required to provide full transparency into our business operations and our partnerships will we be assisting to usher in this new cryptocurrency era. Our investors can count on full-insight into our business,” explains Cameron Chell, Chairman and co-founder of ICOx Innovations Inc.
Cameron Chell says the team at ICOx is looking forward to assisting established brands with the design and creation of blockchain technologies by reducing transaction costs and increasing customer adoption.
Supported by a history of success, Cameron Chell has done everything from building the first cloud computing company to putting cameras on the space station. The implementation of blockchain technology only adds to the company’s reputation as a leader in the global market.
Michael Bloom, COO of ICOx, compares the innovation of blockchain with technological advancements of the past.
“Blockchain is a foundational technology the way radio waves were, or the way http as a protocol was back in the day. Look at all the technologies that were enabled as a result of those innovations. With blockchain, I think it’s going to change a lot of industries and business processes and have a direct impact on the economy.”
One particular industry that is likely to have a positive impact by the implementation of blockchain technology is the photography business.
The team at ICOx Innovations most recently partnered with Kodak, co-founding KODAKOne, a blockchain-based image rights management platform and its cryptocurrency, KODAKCoin. Here, the blockchain will use an encrypted ledger of rights ownership for photographers to protect, manage and monetize their new and archived works – potentially making it significantly cheaper and faster to register, move and sell their digital images.
“This is a game changer for image rights management. What we can do now is take those digital files, track them, authenticate them, put licenses on them and police them. In turn, content creators will be able to create original images that can maintain value and now be monetized,” says Chell.
While laws are still taking shape as the blockchain industry continues to evolve, ICOx Innovations is laser focused on full compliance with no compromises when it comes to government regulations.
“We have a solid understanding on how to work with regulators. Our aim is to help shape the new regulations that will influence the future of branded blockchain economies,” says Chell.
As for the future of ICOx Innovations, the company has plans to create between 4 and 6 blockchain economies per year in partnership with large brands. In the meantime, company leaders are excited that mainstream investors are now able to publicly invest in its success.