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Leading U.S. Business State, Delaware Signs IBM to Build a Blockchain Filing System

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In a $738,000 deal without competitive bidding, the corporate friendly U.S. state of Delaware signs IBM to develop a blockchain filing system prototype on its Hyperledger Fabric blockchain. Delaware aims to utilise blockchain technology to assist business registration, and allow corporations to take advantage of smart contracts to automatically track stocks and collateral assets in real time. With more than half of all U.S. publicly traded companies, and two thirds of the fortune 500 incorporated in the state, it is a significant move.