Vermont embraces blockchain technology more than your average state.
Looking to capture a slice of the emerging technology market, the state has enacted new laws and procedures. In 2018, the state created “blockchain-based LLCs,” a legal structure that memorializes the liability and fiduciary duties unique to some blockchain businesses (See “Blockchain LLC,” March 2019, page 31). This year, the secretary of state started accepting some insurance filings through a blockchain pilot. In South Burlington, the local government is testing a program that would track property transactions on the blockchain. And the state isn’t done…Full Article