Are Headwinds Hampering Delaware's Blockchain Initiative?

By G. Thomas Stromberg, Jolene Negre, Mark Reinhardt and Michelle Peleg (March 23, 2018, 12:11 PM EDT) -- While the recent booms and busts in cryptocurrencies like bitcoin and initial coin offerings have been stealing headlines, the door has been opened for a less hyped but potentially equally important application of blockchain technology in the corporate context. On Aug. 1, 2017, the Delaware General Corporation Law was amended to, among other things, make it explicitly legal for entities incorporated in Delaware to use distributed ledger technology, including blockchain, for record-keeping and administration of stock ledgers. The amendments are just the first step in the Delaware Blockchain Initiative, or DBI, and using blockchain technology in the corporate context could revolutionize corporate record-keeping, governance and finance. ...

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