Blockchain Technology and Delaware Corporate Law

The Delaware General Corporation Law was amended last year to allow companies to maintain their corporate records using blockchain technology. The purpose of this short post is to provide a high-level overview of this evolving intersection of technology and corporate law that will have an increasingly profound impact on corporate governance and related areas of the law–in addition to the impact it will have on many other fields and industries. The Basics A recent article in the Harvard Business Law Review that describes blockchain developments in the context of Delaware law, explained that: “Blockchain technology is also known as “distributed ledger technology” (DLT), because copies of a single, shared ledger are distributed across a decentralized network of multiple “nodes,” or users.” If a transaction or other information is confirmed or validated by all nodes, the transaction or information is cryptographically recorded in…

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