Blockchain News: Why The Delaware Blockchain Initiative Matters To All Dealmakers

You may have heard about the Delaware Blockchain Initiative and the groundbreaking amendments to the Delaware General Corporation Law(“DGCL”) that became effective on August 1, 2017. Led by Andrea Tinianow, the Delaware Blockchain Initiative is designed to solve very real operational and legal challenges affecting some of the largest corporations and commercial transactions on the global stage.   Here is why the Delaware Blockchain Initiative matters.

First, the Delaware Blockchain Initiative matters because Delaware matters. Incorporation home to nearly one million business entities, a well-established body of corporate law and a sophisticated business court (the Delaware Court of Chancery), Delaware is widely regarded as the corporate capital of the United States, if not the world. Global Delaware reports: “In 2013, 83 percent of all new U.S. Initial Public Offerings (IPOs) chose to incorporate in Delaware. The state remains the chosen home for more than half of all U.S. publicly traded companies and 65 percent of Fortune 500® companies, according to the 2013 Annual Report of the Delaware Division of Corporations released by Secretary of State Jeffrey W. Bullock.” Accordingly, legal and commercial developments in Delaware have the potential to affect the entire United States economy.

And there is a demand for blockchain based developments. Below are two examples of high-profile transactions gone awry and potential blockchain-based solutions.

Full story at http://bit.ly/2ylty0A

Source: Forbes

 

 

 

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