Delaware Might Soon Introduce Pro-Blockchain Corporate Law

Delaware Might Soon Introduce Pro-Blockchain Corporate Law

Delaware to amend its corporate laws to allow implementation of blockchain technology for tracking stocks. Delaware, one of the hottest jurisdictions for incorporating companies, and the home to some of the leading corporates plans to streamline corporate governance by promoting blockchain adoption. According to a regional media outlet, the Delaware General Assembly could soon make necessary amendments to the state’s corporate law, facilitating the inclusion of distributed ledger technology for keeping track of stock owners. The plan to promote the adoption of blockchain technology among....


Related News

Delaware's 2017 Resolution: Make Blockchain a Reality

If 2016 marked the year that Delaware became the first US state to implement blockchain technology, 2017 will mark another first. This year, we expect companies will be able to file documents on our distributed ledger, in addition to current filing procedures. But while we're just one state in one country, this move is no small feat – a large majority of the "foundational" documents of finance including incorporation documents (that form the foundation of securities markets) and UCC filings (that form the foundation of secured lending) – are filed here.....

Delaware Government to Seek Legal Classification for Blockchain Shares

Delaware is looking to use blockchain technology in a bid to streamline the cost and paperwork burden of registering new companies in the state. In partnership with smart contract-focused startup Symbiont and New York law firm Pillsbury Winthrop Shaw Pittman, the planned system would move the process of registering companies, tracking share movements, and managing shareholder communications into a digital environment. At present, Delaware is in the initial phases of the project. Before any companies starts registering via blockchain, deliberations with the state’s bar....

Delaware Governor Announces Plan To Embrace Blockchain Tech

Delaware Gov. Jack Markell announced a state initiative to embrace blockchain and smart contract technology to help public and private enterprises lower transactional costs, automate and speed up transactions and reduce fraud. Gov. Jack Markell Markell announced the plan to look into blockchain technology while delivering a keynote address at Consensus 2016, a New York technology conference on blockchain innovation. The Delaware Blockchain Initiative is designed to provide a legal and regulatory environment for developing blockchain technology and encourage blockchain....

Delaware Legislates on Inheritance of Digital Assets

The US state of Delaware has enacted a new law that regulates digital legacy issues and allows families to access their loved ones' digital assets after death or incapacitation. Notably for the bitcoin community, the legislation should help protect the interests of Delaware residents with cryptocurrency holdings. Late last week, the Delaware House of Representatives passed House Bill 345, the 'Fiduciary Access to Digital Assets and Digital Accounts Act', which gives heirs and executors the authority to take control of digital accounts and devices, much like physical assets. The law states:....

Governor Jack Markell to Discuss Delaware Blockchain Initiative at Consensus 2016

CoinDesk today announced that Delaware Governor Jack Markell will deliver the opening keynote for Consensus 2016, its 2nd annual blockchain technology summit, which will be held May 2–4, 2016, at the New York Marriott Marquis. Governor Markell will give a special presentation unveiling for the first time details surrounding "The Delaware Blockchain Initiative", which includes projects designed to draw new blockchain technology businesses to the state. In addition to the Governor's keynote, members from the Delaware Department of State and the State Bar Association will join....