Delaware's resolution

Developments in Delaware, bitcoin remittances, blockchain standards, outlook for 2017
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January 3rd, 2017
"Only government can take perfectly good paper, cover it with perfectly good ink and make the combination worthless." – Milton Friedman
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As part of our Year in Review series, Andrea Tinianow, director of corporate and international development for the State of Delaware, gives us an overview of the state's blockchain initiative.
 
After becoming the first state to implement blockchain technology in 2016, Tinianow reveals that further initiatives will move from proof-of-concept to production in 2017. For example, companies will be able to register foundational financial statements (such as UCC filings for secured lending, and incorporation documents) on the blockchain as well as using current methods.

Tinianow also talks about the potential impact on securities management, given Delaware's influence in corporate administration (the state is home to more than 60% of Fortune 500 companies and 85% of IPOs).

(You can see more of our 2016 in Review series HERE.)
 
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Ever since its launch, Zcash has been one of the most talked-about innovations in the sector. Zooko Wilcox, one of the founders, will be giving a presentation about recent developments in Zcash at our invite-only developer conference CONSTRUCT, from January 30-31 in San Francisco, USA. Want to come?

😎 APPLY TO ATTEND ðŸ˜Ž
Wait, there's more:
State Street's Blockchain Strategy: Big and Bold for 2017
US fund manager State Street is testing a series of distributed ledger tools, with a view to passing part of its work flow to the blockchain in 2017. The applications are varied, ranging from securities lending to syndicated loans, and are designed to be blockchain agnostic. Several are already past the prototype stage, and are expected to enter into production before year end. Read more.

Blockchain Standards in 2017: Will We Grow, Shrink or Solve?
*Year in Review*: Professor Michael Mainelli, author and blockchain standards expert, argues that the distributed ledger technology cannot reach its full potential without internationally recognized standards. But who will define and develop them? What will they apply to? How can they fit into, influence or even replace regulation? Will they constrain innovation, or support it? Read more.

Why There's Still Hope for Bitcoin Remittance Companies
*Year in Review*: George Harrap, CEO of Hong Kong-based remittance service Bitspark, looks at bitcoin's impact on remittances. He highlights some of the problems of traditional models, such as liquidity limitations, lack of trust and required buy-in from other institutions. He points out, though, that bitcoin is already making remittances more efficient, and discusses the models he is most hopeful about. Read more.

Politics, Protocols and the Changing Face of Finance
*Year in Review*: Mat Cybula, CEO of Cryptiv Inc, discusses how global political uncertainty and monetary instability could affect blockchain's rollout. One factor holding adoption back, he argues, has been uncertainty about the consequences. However, Mat believes that we are now entering a phase driven by a desire for change, which will set the stage for blockchain impact in 2017. Read more.

Blockchain Breakout? 2017 Will Keep Investors on the Brink
*Year in Review*: Michael Terpin, co-founder of BitAngels and CEO of Transform Group, shares his outlook for 2017. He believes that the improved bitcoin ecosystem plus increased monetary turbulence enhance its profile as an investment, pushing the BTC price to $2,200 by year end. He expects ICOs to expand and diversify, and private blockchains to continue to develop, both as VC-backed companies and as part of consortia. Read more.

Coinbase's IRS Dispute Isn't Just About Bitcoin
*Opinion piece*: The ongoing scuffle between Coinbase and the IRS has revealed a fundamental problem underlying cryptocurrency development. The issue is not only the lack of regulation, it's also the apparent confusion about what type of regulation is needed. While regulating virtual currencies is difficult, the issue could be simplified by drawing up rules on what information is required, and who has to provide it. Read more.  
 
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PRESS RELEASES
 
Notice how I remembered to put the year at 2017 up above? Pleased with myself. I hope that your new year is full of similar or even loftier accomplishments. ;) If you have any ideas on great changes for our emails, please let us know! Just hit "Reply" and drop us a line.
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