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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