The Delaware State Legislature passed Title 8 of the Delaware Code relating to the General Corporation Law on July 21, 2017. The law allows Delaware corporations to use blockchain technologies to create a tradable ERC-20 token and maintain shares issued by a Delaware corporation. ERC-884 is designed to comply with Delaware General Corporate Law. The token is an ERC-20 compatible token, and David Sag developed the token standard.
In an ERC-884 token, token owners must verify their identity. Whitelist shareholders can issue tokens. The whitelist rules are defined in Sections 219 and 220 of the act. The blockchain needs records of the information, which is specified in sections 156, 159, 217(a), and 218 of the act. While transferring the token, the smart contract function needs to comply with Article 8 of Subtitle I of Title 6. It doesn't allow partial token transfer...
