Delaware Awards $738,000 Blockchain Contract to IBM

The State of Delaware awarded IBM $738,000 to create a blueprint for their blockchain based corporate filing system.

Automating the filing process means that Delaware could cut out the manual labor that it takes to process these businesses requests.

This week IBM successfully closed two deals with government bodies for the adoption of blockchain technology.

In May 2016, Governor Jack Markell of the US State Delaware announced a new initiative to embrace blockchain technology and apply it to the state of Delaware's manual tasks.

One of the first projects that the state will use blockchain for is adding all of the state's public archives to a blockchain for easy public access and to secure the records.

The State paid IBM to develop this blockchain solution but never launched the archive.

After seemingly canceling the archival project, Delaware announced in August 2017 that they will allow companies to keep their corporate records on the blockchain.

With the permittance of blockchain record keeping, Delaware is looking to build their own blockchain in which they can automate the filling of paperwork from businesses.

The contract they awarded IBM will be used to build and test a blockchain network that can replace the current filling process that businesses must go through.

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