It has become apparent in recent years that emerged and emerging technological developments, including developments in distributed ledger technology (e.g., blockchain), have created the potential for commercial transactions that are not adequately addressed by the current Official Text of the UCC. In addition, a market need has developed for negotiable electronic promissory notes under Article 3 of the UCC, which as of now requires that negotiable instruments be set out in a physical writing. The Joint Study Committee will examine these and possibly other issues and recommend whether amendments to the UCC should be drafted.