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Delaware Governor Signs Blockchain Legislation into Law
- soulnothing 9y agohttp://legis.delaware.gov/json/BillDetail/GenerateHtmlDocument?legislationId=25730&legislationTypeId=1&docTypeId=2&legislationName=SB69 http://legis.delaware.gov/json/BillDetail/GenerateHtmlDocume... ^ Full text
- isubkhankulov 9y agoi read that two companies involved in traditional securities trading on distributed ledgers lobbied for this legislation. Reading the text, they did not make sufficient changes required to have a legal entity on a blockchain like ethereum or bitcoin. for example, Delaware requires keeping track of the full names of each person/entity that owns a corp.
- soulnothing 9y agoI'm from Delaware, only recently moved. This whole bill seemed very vague to me. I've got a feeling this has something to do with the Wilmington stock exchange. Which has been kicking around for several years now [1]. Delaware makes a lot off the fact it incorporates a large number of companies. Allowing a stock exchange with block chain technology. Then providing complete audit history of each stock share, it seems plausible. Add in Wilmington houses rather large offices for Chase, WSFS, Wilmington Trust, Bank of America, Barclays, and maybe still T&D Bank. Essentially there are a lot of banks headquarted in northern Delaware. Several of which I think are starting, or have rumored to start on block chain technology. Delaware despite it's size has a pretty good tech system in the government. It's not a tech hub by any stretch. But Capital One when I interviewed there was doing some innovative things. 1) http://www.delawareonline.com/story/news/2017/05/07/wilmington-stock-exchange-delaware-venture-capital-penny-stocks/101293666/ http://www.delawareonline.com/story/news/2017/05/07/wilmingt...