F. Dario de Martino

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On July 21, 2017, following last June’s announcement that the Delaware House of Representatives had passed (with near unanimity) blockchain-related provisions proposing to amend several sections of the Delaware General Corporation Law (DGCL), the Delaware Governor officially signed the legislation into law. The newly enacted legislation provides, among other things, specific statutory authority for Delaware corporations to use “distributed electronic networks or databases,” aka distributed ledgers or blockchain technology, for the creation and maintenance of corporate…
Blockchain has been a hot buzzword in tech circles for some time, and, increasingly, we’re seeing companies—even Fortune 500 companies—announce blockchain-related initiatives. One particular area of interest to corporations is the use of blockchain not for Bitcoin or other cryptocurrencies, but for the creation and management of corporate records, and for the delivery of notices to investors. However, regulatory uncertainties have dampened the use of blockchain for such purposes. This may be changing. Following last…