States Moving on Blockchain

Several US states are seriously exploring legislation to promote the use of blockchain. Delaware is considering regulations that would allow Delaware incorporated companies to use blockchain technology to keep track of the stock they have issued. This could solve a number of problems: for example, the February 2017 case of Dole Foods – which lost track of millions of shares it had issued.

Blocktonite also notes blockchain legislative activity in Arizona (to make smart contracts legal), Vermont  (recognizing the legality of blockchain records), Nevada (prevent local authorities from taxing blockchain use), Illinois (house resolution for creation of a working group), New York (issuance of Bitlicenses for virtual currency operations).

In addition, there are several and accelerating efforts at the Federal level – both in Congress as well as the Executive Branch – a topic for a future Blocktonite exclusive!