Why Cos. Must Pay Attention To Delaware's Blockchain Plan
Law360, New York (May 19, 2016, 11:23 AM EDT) -- On May 2, 2016, at the second annual Consensus conference in New York, Delaware Gov. Jack Markell announced his support for the creation of a new method of representation of corporate share ownership. In addition to traditional certificated and uncertificated shares, all Delaware corporations (including a majority of the Fortune 500) will soon have the ability to issue shares using the same technology that underlies the virtual currency bitcoin. The announcement is part of the Delaware Blockchain Initiative, a groundbreaking new project seeking to clarify the state’s law and welcome the blockchain industry into the state.
Whether they call it “bitcoin...
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