Delaware, whose business-friendly laws have
Gov. Jack Markell is set to announce an initiative Tuesday to encourage businesses incorporated in the
"We are laying the groundwork for a more modern, secure and transparent business environment for years to come," he said in a press release, which did not spell out what incentives the state would offer Delaware corporations to use these technologies.
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A concept that predated bitcoin itself is becoming more than a thought exercise as blockchains explore ways to harness smart contracts for greater uses.
January 8 -
The more welcoming European regulatory environment for blockchain developers could take the competitive edge away from U.S. banks unless regulators here start championing fintech innovation.
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The ability to program value exchanges without risk of censorship, moderation or theft gives smart contracts a leg up in servicing users who lack a mainstream banking association.
March 30
The announcement comes as banks are cautiously investigating the potential of
Delaware is working with Symbiont, a startup focused on blockchain-powered smart contracts, and law firm Pillsbury Winthrop Shaw Pittman's blockchain practice to develop the initiative's technical aspects and legal infrastructure, respectively.
The state historically has maintained a leadership position in incorporation services, making it "an ideal proving ground for smart contracts," Symbiont chief executive Mark Smith said in a press release.
