French Council of Clerks Will Deploy Blockchain Developed by IBM

IBM and the French National Council of Clerks (NCC) announced the successful development of blockchain-based commercial court solution devoted to the clerks of commercial courts' commercial and corporate registry.

The blockchain network will be used by the Clerks operating in commercial courts across France and will bring added transparency and efficiency through improved management of legal transactions related to the lifecycle of companies. It will be used to record and share information related to the exchanges of regulatory information related to companies' difficulties and changes of status of the company registered on the French territory.

A key mission of the Clerks is the maintenance of the commercial and corporate registries holding the legal and economic information on all the businesses. Requests for updates can affect multiple regions, requiring coordination among the different local registries. The blockchain platform, built on the Hyperledger Fabric framework, is designed to make it possible to streamline the exchange of information among the clerks, improving efficiency and providing better services to companies.

The blockchain network also enables the sharing of a single version of truth across the courts clerks and ensures traceability of notifications related to the legal changes. It ensures transparency and can improve the dynamic of court clerks' interactions. Finally, this initiative can help strengthen the position of the French Commercial and Corporate Registry in the European Union, in which the profession is already engaged with the interconnection of business registers.