Posted by Andrea Tinianow, Delaware Blockchain Initiative and Caitlin Long, Symbiont, on Thursday, March 16, 2017
Editor's Note: Andrea Tinianow is Director of Delaware Blockchain Initiative and Caitlin Long is Chairman & President of Symbiont. This post is part of the Delaware law series; links to other posts in the series are available here. Additional posts related to the blockchain initiative are available here.
The foundation for much of American corporate finance is Delaware corporate law. Later this year, a small change to Delaware corporate law, if enacted, could facilitate a major simplification of the plumbing of the financial system built on top of that foundation. The change is part of the Delaware Blockchain Initiative (DBI), which then-Governor Jack Markell introduced in May 2016. The initiative will allow for the application of distributed ledger technology to many of the private sector’s most basic and critical legal documents, which companies currently file with the Delaware Division of Corporations.
