The State of Delaware has partnered with blockchain smart contract firm Symbiont, to launch a new initiative designed to encourage the usage of distributed ledgers by Delaware-based businesses and firms.
The new initiative was announced by Governor Jack Markell, who said that Delaware is home to the some of the biggest and most innovative companies in the United States, and that the state is proud to establish an infrastructure that caters to the needs of the rapidly-growing blockchain space.
Markell said in the press release:
“The Delaware Blockchain Initiative demonstrates the state’s commitment to ensuring this remains the case for the growing blockchain technology sector. By creating the opportunity for a broad range of corporations – from Fortune 500 companies to startups – to take advantage of distributed ledger and smart contract applications, we are laying the groundwork for a more modern, secure and transparent business environment for years to come.”
While Symbiont will be handling the technical aspects of the initiative, the law firm of Pillsbury Winthrop Shaw Pittman LLP, will be dealing the legal intricacies of the whole process.
Head of Pillsbury’s Blockchain Technology team, Marco Santori, said that the law firm is “honored” to participate in this ambitious project and that the initiative will be a great exercise for their legal team:
“The Delaware Blockchain initiative presents a tremendous opportunity for our attorneys to apply their deep experience in distributed ledgers to do true social and economic good.”
Symbiont CEO Mark Smith, believes that the State of Delaware is the best jurisdiction for the introduction of blockchain-based smart contracts, “Given its leadership position in incorporation services, it’s an ideal proving ground for smart contracts.” said Smith.
He also mentioned that his company is “delighted” to make their services available to the many companies incorporated in the state.
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