IBM makes blockchain deal with French court clerks

posted 2 months ago
Court clerks across France will soon be recording changes in companies’ legal status on a Hyperledger blockchain built by IBM. The system is planned to go into full-scale production in the first half of 2019. The goal is to allow clerks in commercial courts who maintain the country’s Register of Commerce and Companies do their job better and faster.

The clerks will use the system to share regulatory information like changes in their status, a change of court office in which a company is registered, name changes, and new branch office openings. When this information needs to be updated the “single source of truth” afforded by blockchain tech can help. IBM said “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."
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