The governor of Delaware has reportedly signed a bill into law that recognizes the trading of stocks on the blockchain.In April, the Corporation L
The governor of Delaware has reportedly signed a bill into law that recognizes the trading of stocks on the blockchain.
In April, the Corporation Law Section of Delaware State Bar Association (DSBA) approved the Delaware Law Amendments in an effort to deliver statutory authority for businesses in the state to use the blockchain for the maintainance of corporate records, according to cryptocoinnews.com.
“We see blockchain technology having a significant positive impact on the investment world, and it starts with the fact that the foundational document for any investment – the registration of a company – will likely soon by possible to do on a blockchain in Delaware.”, said Symbiont, a Blockchain start-up.
The bill was reported to pass the house at the end of June with one vote against out of 41. This marked the end of a campaign that began in May 2016 when the former governor of Delaware, Jack Markell, said he plans to embrace blockchain technology.
“We are delighted that Delaware has this opportunity to help lead the way in promoting blockchain technology and its growing role in digital commerce.”, as Markell told cryptocoinnews.com at the time.
The current governor of Delaware, John C. Carney Jr., has now signed the bill.
Delaware is among the US states that have recognized the benefits of blockchain technology. As the Wall Street Journal (blogs.wsj.com) reported previously, a Delaware judge called on institutional investors to protect their rights by turning to blockchain in October 2016.
It is to be seen whether other states will take a similar stance towards the use of blockchain technology.