Delaware recently amended the Delaware General Corporation Law to authorize Delaware corporations to replace their paper and electronic stock ledgers with a blockchain. Blockchain, also known as a distributed ledger, can promote efficient recordkeeping, but there are several legal and practical hurdles that corporations need to address before they can reap the full benefits of blockchain legalization. In this first part of a two-part article, the authors discuss blockchain and its applications. The second part of the article, which will appear in an upcoming issue of The Journal of Robotics, Artificial Intelligence & Law, will explain Delaware’s legislation, and blockchain’s potential uses and hurdles.
5.1.2018