PARIS, March 14, 2019 /PRNewswire/ -- IBM (NYSE: IBM)
and the National Council of Clerks (NCC) today 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 from 2019 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
- the changes of status of
the company registered on the French territory (change of court
office in which a company is registered; change of corporate names;
the addition of a new branch office; or even dissolution of the
business, etc…)
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 closer relationship between clerks, thanks to the inherent
digital trust provided by the blockchain network, gives new
perspectives on how to manage the 21st century
commercial and corporate registry.
The blockchain platform, built on the Hyperledger Fabric
framework, an open source project from the Linux Foundation, is
designed to make it possible to streamline the exchange of
information among the clerks, improving efficiency and providing
better services to companies. In a pilot, NCC was able to decrease
the time to update the registry from several days for some complex
cases to a single day.
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.
"This project, which is the result of an autonomous
initiative between clerks of commercial courts and IBM, is the
continuation of our efforts to be pioneers in the adoption of
innovative technologies, to strengthen the quality of the public
service provided by the commercial justice system, dedicated to the
expectations and requirements of today's multipolar and
interconnected economic world,"
said Sophie Jonval, President of the National Clerks
Council. "We must be both pragmatic and at the forefront of
progress on a technology such as blockchain. The latter represents
a major potential technology for our profession and for the
modernization of the tools of Commercial Justice, reflecting our
status, our mission and our professional rules."
IBM relied on its expertise in blockchain and
cryptography to build the platform. The decision to run
on Hyperledger Fabric, an open-source Linux Foundation project, was
made to provide a reliable and highly secure blockchain network for
all stakeholders.
"This initiative is a first in the Justice sector in
France and is a perfect example of
blockchain's role in helping regulated professions as they
transform," said
Vincent Fournier, Senior Manager
Blockchain at IBM France. "Blockchain's qualities are ideal
for this use, improving the Clerks' business processes and adapting
to the ever-changing nature of their missions."
The first tests were run successfully, involving four court
clerks and IT providers. As a result, a confirmed roadmap was
developed to move gradually into full scale production in the first
half of 2019.
About IBM:
IBM is recognized as the leading enterprise
blockchain provider. The company's research, technical and business
experts have broken barriers in transaction processing speeds,
developed the most advanced cryptography to secure transactions,
and are contributing millions of lines of open source code to
advance blockchain for businesses. IBM is the leader in open-source
blockchain solutions built for the enterprise. Since 2016, IBM has
worked with hundreds of clients across financial services, supply
chain, government, retail, digital rights management and healthcare
to implement blockchain applications, and operates a number of
networks running live and in production. The cloud-based IBM
Blockchain Platform delivers the end-to-end capabilities that
clients need to quickly activate and successfully develop, operate,
govern and secure their own business networks. IBM is an early
member of Hyperledger, an open source collaborative effort created
to advance cross-industry blockchain technologies. For more
information about IBM Blockchain, visit
https://www.ibm.com/blockchain/or follow us on Twitter at
@ibmblockchain.
About the National Council of Clerks:
Chaired by
Sophie Jonval, the NCC is the representative entity of the clerks
of the commercial courts, exercising in the 134 registries spread
throughout the metropolitan territory. The NCC works to modernize
commercial justice, including the creation of the Digital Tribunal,
investing in transparency and business security, and facilitating
business creation. The profession plays a fundamental role in the
smooth functioning of the French economy by accompanying every
important moment in the legal life of companies. The clerks are
notably responsible for keeping updated the Register of Commerce
and Companies, bringing together nearly 80% of French economic
agents. https://www.cngtc.fr/ and on Twitter @CNG_TC
Media
contacts:
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IBM
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National Council
of Clerks
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Gaëlle
Dussutour
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Chloé Luce
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Tel.: + 33 (0) 1 58
75 17 96
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Tel.: + 33 (0)
1.83.64.66.83
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Dusga@fr.ibm.com
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chloe@reputationsquad.com
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Weber Shandwick
for IBM
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Eric Chauvelot /
Julie Fontaine
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Tel.: + 33 (0) 1 47
59 56 57 / + 33 (0) 1 47 59 56 24
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ibmfrance@webershandwick.com
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SOURCE IBM