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 association await,....
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Held one week ago in New York City, CoinDesk's Consensus 2016 blockchain conference brought together speakers from all over the world to unveil new products, discuss the major issues of the day and begin to help plotting a course forward for the future of the industry. The biggest moments? From Delaware Governor Jack Markell's announcement that his state is to seek a legal classification for blockchain shares to 21 Inc CEO Balaji Srinivasan’s unveiling of a major software suite aimed at creating a bitcoin-based economy, Consensus 2016 saw its fair share of big ideas – and those pitching....
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. 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 companies to locate in Delaware. The....
As government services are one of the most obvious and immediate application areas for the blockchain, it's no surprise progressive governments are already working on initiatives. In the first half of 2016, cities, municipalities and governments have been vocal in their plans for the technology. Indeed, a quick overview of the projects in development shows how far the idea that blockchain could change government services has spread around the globe: Delaware. In Delaware, the state where a majority of new companies will likely incorporate, Governor Jack Markell announced two blockchain....
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....
The latest report by accounts giant Deloitte suggests world governments are underprepared for disruptive technologies including Blockchain. In “Tech Trends 2017: The kinetic enterprise A government perspective,” the firm gives an overview of seven emerging technologies, rating their relevance to government and government's’ “readiness” to embrace them. Out of all technologies, governmental organizations are least ready to accept Blockchain, Deloitte finds, scoring them just one out of five. “Keep up. Even if you are not using Blockchain, the parties you monitor and work with may soon be,”....