Blockchain and Equity Exchange
http://www.coindesk.com/what-expect-delaware-blockchain-initiative-2017/%20Delaware's 2017 Resolution: Make Blockchain a Reality
This year, we expect companies will be able to file documents on our distributed ledger, in addition to current filing procedures
a large majority of the "foundational" documents of finance including incorporation documents (that form the foundation of securities markets)
UCC filings (that form the foundation of secured lending)
the Delaware Public Archives project
The Delaware Blockchain Initiative's roadmap includes the issuance of legally-enforceable smart UCC filings, followed by the possible enactment of enabling and conforming legislation authorizing distributed-ledger shares and the offering of new registry services not presently offered by Delaware.
the Delaware State Bar Association's Corporation Law Council to consider clarifying corporate law to authorize distributed ledger shares
blockchain technology offers a solution to problems stemming from the complexity of the securities ownership structure in the US.
We believe UCC filings on a distributed ledger will (1) automate the release or renewal of UCC filings and related collateral, (2) increase the speed of searching UCC records, (3) reduce mistakes and fraud and (4) cut cost.
By offering distributed ledger options, we're enabling significant improvements to the financial industry’s workflows.
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