American tech giant IBM received a grant of $738 thousand from the authorities of the state of Delaware to develop a prototype of the corporate accounting system business projects based on blockchain, writes Delawareonline.

The state uses the prototype developed by the IMB to determine how the blockchain could help was in the region to companies. Thus the authorities of the Delaware strive to provide legal and regulatory stability for the distributed registry.

Supporters of the blockchain in Delaware claim that security technology will allow the state to reduce fees for filing documents, so that the region could become a favourable destination for business development in the country.

State Secretary of state Christopher knight compared the role of IBM with the architect who creates the project of a skyscraper before the construction.

According to knight, a blockchain system from IBM will allow the region to avoid mistakes due to improper planning admit other States in the implementation of technological projects.

We will remind, earlier it became known that IBM will be the technology partner of the Australian government in issues of scope of application of the blockchain, and will launch in India free educational course on the blockchain