Morrison & Foerster Explains How Delaware Paves the Way for Blockchain Technology

Following last May’s announcement of the “Delaware Blockchain Initiative” by former Delaware Governor Jack Markell[1], on March 13, 2017, the Corporate Council of the Corporation Law Section of the Delaware State Bar Association released groundbreaking draft legislation proposing to amend several sections of the Delaware General Corporation Law (the “DGCL”) in an attempt to clarify the application of existing laws to, and facilitate the use of, blockchain technology for various corporate purposes.

Reading a 43-page draft bill may not be an immediate priority for most of us; we wrote this article to distill the most significant … Read more