French Courts Adopt Blockchain
Mary Driscoll's original article for www.ethnews.com reduced by 58%
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.
The NCC solution runs on Hyperledger Fabric, an open-source Linux Foundation project. The NCC further states that new system will ensure transparency and improve the dynamic of court clerks' interactions. 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." Mary Driscoll covers finance and business trends as a staff writer for ETHNews.
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