Since yesterday, the company can keep the list of shareholders on top of the chain


nnnOn Tuesday, a law in Delaware came into effect, enabling companies to legally chain the list of shareholders and other company records using block-chain technology, greatly driving the adoption of block-chain technology. It is reported that including the retailer Overstock, including a number of companies have said they will use the block chain retained company records. In view of the status of Delaware’s laws, the state’s initiative is of great significance, perhaps, not far from the widespread use of block-chain technology.n
nnTranslation: Clovern
nAfter a law in Delaware last Tuesday came into effect, the block chain technology was greatly driven by the law that enabled the company to use the technology to maintain the list of shareholders and other company records. And there are already several companies (including retailer Overstock) that it will use the block chain for this purpose.n
nDelaware has decided to support the block chain, which creates permanent records on multiple computers. This initiative is significant because the state is actually the corporate law of the United States, with more than two-thirds of Fortune 500 Strong companies are incorporated here.n
nAccording to lawyers and state officials, the new law ensures that if the company chooses to preserve the list of shareholders in the chain chain in accordance with the law, and does not use traditional methods such as Excel spreadsheets or SQL databases, it does not face legal trouble.n
nMarco Santori, a partner at law firm Cooley, made a proposal for the state’s move, saying: “Delaware’s law provides a viable condition for keeping company records on the chain chain – There is no requirement for any particular type of block chain.n
nSantori said the company needed some time to accelerate the development of technology, suppliers also need time to build tools to start the list of shareholders and other documents recorded on the chain above the chain. He added that some big companies have been talking with Delaware government officials about the use of the technology, but it has not authorized to disclose which companies are specific.n
nFor Overstock, Fortune magazine also asked the retailer, who recently traded a round of preferred shares on a block-chain platform, about the Delaware law, and a company Managers also confirmed that their subsidiary, Medici Ventures, will take advantage of the new listing program.n
nJonathan Johnson, president of Medici Ventures and chairman of Overstock.com, said:n
nn”We are very excited about Delaware’s highly forward-looking legislation for the company and plan to market as soon as possible in the chain and begin managing its shareholder records in the chain.”n
nnHowever, so far, many other companies may think that based on the block chain of shareholders classified books is a novelty. But this view may change as the impact of block chains on company records becomes increasingly significant.n
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n”Every company document will be recorded”n
nBlock-chain technology, as well as encrypted currencies based on bitmaps created by this technology, are in the upturn of the technology maturity curve. Some investors will be the current stage of the chain chain compared to the early development of the Internet, and encouraged by these people, a variety of companies are eager to get a share from the.n
nThere is no doubt that this speculation is somewhat exaggerated, but as with other transformational techniques, the short-term impact of the technology will be somewhat exaggerated, but at the same time underestimated its long-term impact. Delaware’s legislation may be the best example. To this time next year, the company records the retention may be no different with the present. But in the next two to five years, this change may have far-reaching significance.n
nOne reason is that the government (including Delaware) is also using block-chain technology. According to the state government official Andrea Tinianow (lawyer Santori called “block chain female czar”), said the state is working with Symbiont to integrate their own records into the block chain class book.n
nTinianow expects the technology to be widely used “coming soon”, adding that registered agents and law firms are also working to add their own nodes to the chain. All of which will replace our current corporate record system (the files in the current system are stored in different places) through a unified and secure classified account.n
n”When a company is registered, the information will flow directly into the shareholders’ classifications,” said Tinianow’s official position as head of the Delaware Global Program.n
nRichards, Layton

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