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Cryptocurrency / Municipal government

Can blockchain ensure that Delaware’s business incorporation industry continues to thrive?

That's what supporters of an amendment to Delaware corporate law believe.

Delaware's blockchain efforts push on. (Photo by Flickr user Yes4utopia, used under a Creative Commons license)

In May 2016, then Gov. Jack Markell started the Delaware Blockchain Initiative. His goal was to put Delaware in the forefront when it came to using the technology.
As part of the first phase of the initiative, Markell required the state government to use blockchain, a ledger of financial transactions. Read an explainer on blockchain here.
According to an article in the News Journal, Delaware is taking the next step to fulfill Markell’s vision for Delaware’s Blockchain Initiative. The Delaware General Assembly is considering amending Delaware corporate law so companies can use blockchain to track stock owners.
From the News Journal:
“We need to continue to be innovative and allow corporations incorporated in Delaware to utilize whatever technology is available to them to be more efficient,” said Kris Knight, Delaware Deputy Secretary of State. “Being smarter and faster and all those things helps Delaware.”
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