Securities on the blockchain allowed in Germany

Based on a new German law securities do not need to exist on paper. Electronic forms are good enough. This is good for storage as well. Blockchain is ideal because it is good not only for data storage but for verification and administration too. The federal government has taken a big step into the road of a national blockchain strategy.

Lawmakers say traditional paper stocks or bonds may indicate some nostalgic feelings but the future are their digital forms. Blockchain technology is a legit way to issue financial products in the country.