ETHERLive
ETHERLive delivers real-time price and volume data across 16+ exchanges to users in a clear and easy-to-understand package. Users can get up-to-the-second updates for each exchange/currency pair, as well as aggregated market averages for each exchange, currency, and the market as a whole. It also provides a global converted average of all the currency pairs monitored by ETHNews, converted to USD.

---

24hr ---
--%
RESOURCES

The Basics

Learn the basics of Ethereum and various cryptocurrency technologies

Learn More

What is Ethereum?

Understand the underlying principles of the Ethereum Platform

Learn More

The Blockchain

Discover the revolutionizing technology known as the blockchain

Learn More
SUBMIT

Press Release

Submit a press release for consideration on ETHNews

Submit Press

Story / Dapp

Submit a story or DAPP to be considered for publication on ETHNews.

Submit Story

Explanation

Submit "Ethereum Explainer" content for consideration to be featured on ETHNews

Submit Topic
ETHNews Logo
---
--%
Home
News
Etherlive
Ether Price Analysis
Resources
Contact Us

French Courts Adopt Blockchain

By

Mary

Driscoll

WriterETHNews.com

Voila! Road test was a success. Systemwide adoption begins.

France's National Council of Clerks (NCC) announced that it has finished road-testing a blockchain-based solution and is ready to roll cross-country. The NCC represents clerks of the commercial and corporate registry in 134 offices nationwide. These offices must rely on each other to share information as it comes in and make updates when a business lifecycle event warrants it.

The organization had resolved earlier to modernize and install new information technology that would yield what's often called "the single version of the truth." That is, official records exactly reflect the updated data that was recorded about a business in, say, Lyon. Such records track a company's expansion, relocation, dissolution, and so on. Coordination across offices nationwide has been a challenge until now.

The initial goals of the program involved faster cycle times as well as data accuracy. Happily, in a pilot, the NCC was able to decrease the time to update the registry from several days for some complex cases to a single day. The NCC's president Sophie Jonval explained:

"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."

IBM served as technology partner, providing its expertise in blockchain and cryptography to build the platform. The NCC solution runs on Hyperledger Fabric, an open-source Linux Foundation project.

Among other things, the blockchain-based solution will be used to record and share information related to exchanging regulatory information about companies' challenges as well as changes in their status.

The NCC expects the solution's full roll-out will take place in the first half of this year. The NCC further states that new system will ensure transparency and improve the dynamic of court clerks' interactions.

Moreover, according to the announcement, this initiative will "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."

It's encouraging to see groundbreaking innovations taking hold at the front lines of a vast organization. Hopefully, the success in France will inspire similar experimentation across Europe.

Mary Driscoll

Mary Driscoll covers finance and business trends as a staff writer for ETHNews. She formerly served as an editor for management and finance at the Economist Intelligence Unit and a research principal at APQC. In addition, she has written for The Wall Street Journal CFO Report, HBR-online, and strategy + business. Her book on corporate treasury management was published by John Wiley & Sons, Inc. Mary enjoys hiking and skiing in the Sierras with family. Her goal in life is to win big on Jeopardy.

ETHNews is committed to its Editorial Policy

Like what you read? Follow us on Twitter @ETHNews_ to receive the latest IBM, Blockchain or other Ethereum application news.