Delaware already holds the edge when it comes to incorporation and being business friendly. Embracing Blockchain would not only make the state a pioneer but will also allow it to gain several benefits.
Andrea Tinianow, the director of Global Delaware, explains with regards to what enabled such forward thinking: “State officials saw the opportunity to create even more value for businesses that choose Delaware for registry services if the State were to offer registries on a distributed ledger. Such registries include not just incorporation services, but also UCCs, land titles, personal property titles, birth/death certificates, professional licenses and many other new types of registries that the State may introduce as part of the DBI (for example, diamonds and other luxury goods). A certification from Delaware that something has been properly registered carries significant value in the business world. And if companies choose to access the imprimatur of Delaware on a distributed ledger instead of a piece of paper, it will carry even more value because companies can integrate it with other upstream technologies to streamline workflows. Potential users of Delaware’s distributed ledger service have already confirmed their willingness to pay more because it will save companies costs. It is win-win.”
Read more: https://cointelegraph.com/news/how-delaware-keeps-edge-in-finance-by-supporting-blockchain