Feature Legal and IP News

IBM lands controversial Delaware corporate filing blockchain

LLC
On June 18th the State of Delaware awarded IBM a contract to build a Proof of Concept (PoC). The eighteen-month contract also includes blockchain consulting. According to Delaware Online, the contract figure was $738,000 for a corporate filling blockchain, though this information doesn’t appear in the public documents. The State legally awarded a contract to IBM without a competitive bidding process because of an existing federal consulting contract. This isn’t the controversial part of the article. The story is relevant because the debate that happened in this case is likely to repeat elsewhere across different industries.

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