Bloomberg Law
Aug. 11, 2017, 2:59 PM UTC

Delaware Blockchain Move Drawing in Private Companies, Law Firms

Sara Merken

By Sara Merken, Bloomberg BNA

Delaware earlier this month became the first state in the nation to allow companies to use blockchain technology to issue and track stocks. Private companies, and law firms, are lining up.

Legislative amendments became effective in August that will allow the more than 1 million public and private entities incorporated in Delaware to maintain corporate records on a blockchain. Companies using the technology will be able to issue, trade and keep track of their stocks more cheaply and efficiently.

Medici Ventures Inc. — a venture capital arm of online retailer Overstock.com Inc. that invests in ...

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