Service: Corporate Registry in commercial court

Responsible organisation: National Council of Clerks (NCC) (Central-Government)

French commercial court clerks uses a blockchain-based platform to record changes in companies’ legal status within the country. The blockchain network was jointly developed by IBM and the National Council of Clerks (NCC). The blockchain platform is built on the Hyperledger Fabric framework and aims to increase transparency and efficiency in legal transactions associated with the lifecycle of companies in the registry. Specifically, the solution will be used to record and share data related to the exchanges of regulatory information related to companies' difficulties, as well as the changes of status of the company registered on the French territory. That includes such data as change of corporate name, registration court office, establishment of branch offices, and business dissolution. In a Proof of Concept, NCC reportedly managed to shorten the time needed to update the registry from several days to a single day.

Additional information

Source Open Innovation Regione Lombardia
Web site https://cointelegraph.com/news/french-court-clerks-to-use-ibm-blockchain-platform-for-corporate-registry
Start/end date 2019 -
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