|More from: | Hyperledger |||
Today the French National Council of Clerks of Commercial Courts (NCC or Conseil national des greffiers des tribunaux de commerce) announced that IBM has developed a blockchain corporate registry solution. France doesn’t have a central corporate registrar. Instead any changes to commercial and corporate records have to be submitted via the local commercial courts. The blockchain is expected to launch in the first half of 2019.
The initiative involves sharing information about two sets of data. The first is general registry data such as a change of company name, moving from one court jurisdiction to another, adding new branches and corporate dissolutions. And the second set of data relates to corporate recoveries and insolvencies.
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About | Hyperledger |
Hyperledger is an open source collaborative effort created to advance cross-industry blockchain technologies. It is a global collaboration, hosted by The Linux Foundation, including leaders in finance, banking, Internet of Things, supply chains, manufacturing and Technology.
Think of it as an operating system for marketplaces, data-sharing networks, micro-currencies, and decentralized digital communities. It has the potential to vastly reduce the cost and complexity of getting things done in the real world.
Only an Open Source, collaborative software development approach can ensure the transparency, longevity, interoperability and support required to bring blockchain technologies forward to mainstream commercial adoption. That is what Hyperledger is about – communities of software developers building blockchain frameworks and platforms.