I am having a similar issue with Photos.
After importing photos from an SDCard with photos taken on a Canon PowerShot G16, most of the photos (thumbnails and photos) are displayed and can be edited as expected in Photos; but there are a random number of photos that are imported but the photos (thumbnails and photos) are displayed as white.
I have "repaired" the Photo library, but it did nothing to resolve the white image.
Selecting the photo allows you to get the information on the photo, showing what device took the picture, size of the picture (2MB to 3MB in size typically).
It still gets a little weirder, editing the photo shows the image as it should be see in the thumbnail or simply viewing the photo, editing->enhancing the image and saving the changed photo seems to solve the issue; my images are now see as thumbnails, can be viewed, and can be edited.
This is not a solution to the issue, because it is time consuming (editing 100's of pics one at a time) and it is not really resolving the issue, it's a work-around for something Apple should answer why it is occurring and how to prevent this with future imports.
Computer: MacBook Pro 13" (mid 2013), 8G ram, 200GB free space on HD
Yosemite 10.10.5
Photos 1.0.1 (215.65.0)
SDCards: 2G, 8G, 16G (different manufacturers)