Media Coverage
Source: American Banker, International Business Times, Bloomberg
Media Coverage
Press Contacts: Erik Cummins, Matt Hyams, Olivia Thomas
04.05.16
Delaware governor Jack Markell announced the launch of the Delaware Blockchain Initiative today, identifying Pillsbury and firm client Symbiont as the project’s legal and technology ambassadors, respectively. The initiative is designed to encourage expanded use and development of distributed ledger and smart contract technologies by Delaware-incorporated businesses.
Governor Markell said in a statement: "Delaware has long been the jurisdiction of choice for the most innovative companies in the world. 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."
Blockchain technology enables a network of users to make and verify transactions instantaneously and without centralized intermediaries. The technology uses strong encryption to enable network participants to securely and transparently manipulate a shared digital ledger, thereby expediting processing, cutting costs and decreasing the potential for fraud. The Pillsbury team working on the matter comprises partners Rodney Peck, Marco Santori, Deborah Thoren-Peden and Mercedes Tunstall, along with counsel Elsa Broeker.