At the Intersection of Technology, Law, and Business
May 02, 2019 - Blockchain

Blockchain Technology Embraced by Maryland Legislature

A Rush to Patent the Blockchain Is a Sign of the Technology’s Promise

Morrison & Foerster partner Tracy A. Bacigalupo and the Blockchain + Smart Contracts Group are delighted to have played a role in the genesis and implementation of Maryland Senate Bill 136, which amends the Maryland General Corporation Law to permit certain corporate records (including a company’s stock ledger) to be maintained on electronic networks or databases, including through the use of distributed ledgers and blockchain technology.

This new law provides Maryland companies with the flexibility and advantages of utilizing both traditional and new technologies. Maryland is now one of the most competitive states in the innovative area of blockchain technology and smart contracts.

Read our client alert.