Maryland A Leader In Embracing Blockchain Technology

Legislation signed in 2019 by the governor of Maryland, a forum of choice for many investment companies, allows use of blockchain in corporate record-keeping and as a vehicle for communication with shareholders. Many companies, writes Morrison & Foerster attorney Tracy Bacigalupo in this Today’s General Counsel article, “are harnessing this new technology in small, incremental steps by first working to to develop and use blockchain technology internally.” She advises newly formed companies to authorize use of blockchain in their governing documents, in order to preserve the option of adopting “the technology with the most disruptive potential since the Internet.” Other states that have adopted rules allowing limited use of blockchain are Delaware and California.