Senators in Delaware have introduced a bill that would legally recognize blockchain stock ledgers and other business records.
Introduced on 4th May, the measure explicitly clears the way for “the creation and maintenance of corporate records” using blockchain. The definition would further capture a corporation’s stock ledger, an accounting record used to keep track of when stocks were sold and to whom.
As the bill explains:
“Any records administered by or on behalf of the corporation in the regular course of its business, including its stock ledger, books of account and minute books, may be kept on, or by means of, or be in the form of, any information storage device, method, or one or more electronic networks or databases (including one or more distributed electronic networks or databases), provided that the records so kept can be converted into clearly legible paper form within a reasonable time.”