Delaware allows blockchain stock registry

["Dave Farber" <dave () farber net>]

---------- Forwarded message ---------
From: John Levine <johnl () iecc com>
Date: Mon, Dec 18, 2017 at 1:49 PM
Subject: [Cryptography] Delaware allows blockchain stock registry
To: <cryptography () metzdowd com>


This piece showed up today, about a change in Delaware law that allows
corporations to keep their stock register on a blockchain.  Since
Delware is the most popular US state to incorporate, I expect we'll be
seeing a few.

It notes:

" ... only the possessor of the correct cryptographic key can deal
with the shares and assign them to a third party. Once the third party
is registered as owner, then only that third party can subsequently
deal with them. And so on."

I wonder what happens when you lose your key.  You can never sell your
shares?

https://www.lexology.com/library/detail.aspx?g=074cca1e-b195-4018-8386-c325639612bd&utm_source=Lexology+Daily+Newsfeed&utm_medium=Plain+text+email&utm_campaign=Lexology+subscriber+daily+feed&utm_content=Lexology+Daily+Newsfeed+2017-12-18&utm_term=

R's,
John
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