GoodFirms Reveals the Leaders from Varied Blockchain Technology Platforms for March 2019

Top Blockchain Technology Companies

Top Blockchain Technology Companies

GoodFirms features top developers from diverse blockchain platforms for their competence to offer innovative and optimal solutions to their patrons

Blockchain with the shared ledger technology assist enterprise business to solve complex problems”

— GoodFirms Research

WASHINGTON, WASHINGTON DC, UNITED STATES, March 18, 2019 /EINPresswire.com/ — Many speckled industry leaders are looking for highly skilled blockchain developers to groove number of benefits such as having greater transparency in business, enhanced security, traceability, efficiency and speed of transaction with reduced costs. Thus, to help with this GoodFirms published the catalogue of Top Blockchain Development Companies in UK that is listed based on several qualitative and quantitative metrics.

Check out the Leaders for Blockchain Projects in UK:

•PLDEVS.COM

•IIH Global

•Tech Pathway Consultancy LLP

•Primafelicitas

•Systango Technologies

•Mobcoder

•Futurism Technologies

•BitFury

•Iflexion

•Itransition

Blockchain is adopted globally by numerous industries as it is helping them to potentially expand their business. Blockchain has got various platforms one of them is Hyperledger. It is quietly gaining steam for providing several reimbursements to the enterprises using this platform such as better productivity, a network for collaboration and real-time updates, effortless handling of intellectual property, better quality control of codes and many more. At GoodFirms, you can reach the Top Hyperledger Development Companies that are indexed along with their ratings and reviews.

Take a sneak peek at the Leaders of Hyperledger Technology:

•Pragmatic DLT inc

•Prolitus Technologies

•Edone

•Parangat Technologies

•Smartym Pro

•Existek

•CMSwebsiteservices

•Deqode

•TechGropse Pvt. Ltd.

•Mebsites

A B2B globally renowned research and rating platform GoodFirms help in associating the service seekers with top development companies, best software and excellent firms from various segments. The analyst team of GoodFirms performs a meticulous assessment. This research process consists of three main criteria’s that are Quality, Reliability and Ability. These crucial factors also include assorted statistics to assess each company such as verifying the past and present portfolio, presence in the market, years of knowledge in their proficiency and what clients have to say about their work.

After this session of research, all the firms are differentiated and give them the scores out of total 60. Hence, considering these points agencies are indexed in the list of top companies as per their categories. Here, recently GoodFirms has also classified the Top Ethereum Smart Contract Development companies for delivering secured and robust blockchain solutions to their clients.

Here is the roll down of leaders in Ethereum Developers:

•Mobiloitte Inc

•Sodio Technologies Pvt Ltd

•Chrishan Solutions

•WOXAPP

•winklix llc

•AppTraitSolutions

•Saeculum Solutions Pvt Ltd

•Zestminds

•Vivendem

•Synsoft Global

GoodFirms also cherish the service providers to come forward and participate in the on-going research process and show the evidence of their work in their domain area to get listed in the catalogue of exceptional companies. Consequently, improve their visibility across the globe and get attracted to their targeted customers.

About GoodFirms

GoodFirms is a Washington, D.C. based research firm that aligns its efforts in identifying the most prominent and efficient blockchain development companies that deliver results to their clients. GoodFirms research is a confluence of new age consumer reference processes and conventional industry-wide review & rankings that help service seekers leap further and multiply their industry-wide value and credibility.

Get Listed with GoodFirms.

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GoodFirms

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Canberra stumps up AU$100K to boost Aussie blockchain industry

Despite the Digital Transformation Agency (DTA) recently giving a recommendation to those obtaining lost within the buzz of blockchain that they ought to flip their attention elsewhere, the centralized on Monday declared a funding injection to spice up Australia’s blockchain business. The announcement from the govt. follows IBM saying that South Australia-based meat processor Thomas Foods International (TFI) and freelance grocery merchant Drakes grocery had trialed IBM’s blockchain to trace the whole lifecycle of a food.

“By maintaining the individual information concerning every product rather than moving to information regarding the sorted product, we tend to square measure achieving a larger understanding of however every food item is moving through the provision chain,” Simon Tamke from TFI aforesaid.

“This value-added level of transparency and verifiability can reinforce customers’ and consumers’ confidence within the cradle of our product and is formed doable by blockchain technology.”

IBM Food Trust runs on the IBM Cloud, that last month was created obtainable out of the IBM information center in Melbourne. With the Blockchain business perpetually evolving, the Australian scheme is additionally moving forward with loads of progress. 2017 was a giant year for the business with the ICO boom with notable comes like PowerLedger, Canya, Republic Protocol and Synthethic (Havven) golf stroke Australian on the worldwide microwave radar.

After disbursal it slows within the scheme and about to apprehend the broader crypto community through places like Devcon, I will with confidence state that the caliber of Blockchain developers and entrepreneurs during this area parallels those from the United States, Europe, and Asia. The IBM Blockchain Platform is made on high of Hyperledger cloth, associate ASCII text file blockchain project from the Linux Foundation. The Food Trust additionally has compatibility with the GS1 normal.

Suppliers will contribute information to the IBM Food Trust network for complimentary, however software-as-a-service modules square measure obtainable for tiny, medium, and international enterprises beginning at $100 per month and reaching over $10,000 per month for giant organizations. Blockchain has the potential to rewrite the economy and alter the balance of power across industries. It additionally has specific uses for the enterprise. IBM Food Trust runs on the IBM Cloud, that last month was created obtainable out of the IBM information center in Melbourne.

The IBM Blockchain Platform is made on high of Hyperledger cloth, associate ASCII text file blockchain project from the Linux Foundation. The Food Trust additionally has compatibility with the GS1 normal. Suppliers will contribute information to the IBM Food Trust network for complimentary, however software-as-a-service modules square measure obtainable for tiny, medium, and international enterprises beginning at $100 per month and reaching over $10,000 per month for giant organizations. With AU$100,000 in tow, the govt. desires to examine the event of a national blockchain roadmap, which, in keeping with Minister for business, Science and Technology Karen Andrews, can specialize in the variety of policy areas together with the regulation, skills and capability building, innovation, investment, and international fight and collaboration.

“The national strategy puts the United States on the front foot in exploring however government and business will enhance the long-run development of blockchain and its uses,” she said, adding that Australia must seize the opportunities bestowed by blockchain.

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IBM Blockchain Network to Aid NCC Simplify Registry Dealings

International Business Machines Corporation (IBMFree Report) devised a blockchain network, which was recently deployed by French National Council of Clerks (“NCC”) of Commercial Courts.

The blockchain network is aimed at enabling NCC to accelerate management processes of legal economic transactions involving corporate and commercial registry. In fact, under experimental trial process, NCC could reduce the time to update registry for a few complex cases to one single day compared with several days required previously.

Notably, the first tests “involving four court clerks and IT providers” were successful. This compelled NCC to deploy blockchain network in commercial courts based out of France, as early as first half of 2019.

IBM’s blockchain solutions will be utilized to record, share, manage and update local registries data in secure, transparent, efficient and coordinated manner.

Overall, the blockchain network is aimed at improving efficiency of the Clerks in service in commercial courts via improved court clerks’ interactions and enhanced visibility of updates pertaining to legal changes.

IBM’s blockchain network is also expected to fortify the presence of French Commercial and Corporate Registry across the European Union.

Notable Benefits of Blockchain

Blockchain is much faster than legacy technologies in completing a transaction as there is no need for manual processing or authentication by intermediaries.

The secured storage and transmission of data through a decentralized database is the most attractive feature of the blockchain technology. Originally utilized for cryptocurrency transactions, the system is transparent and incorruptible, and meant to provide unaltered information.

Since blockchain utilizes a distributed consensus, tampering with its records without being noticed by an entire network is difficult. This makes the system extremely secure. With minimum chances of double counting and hacking, the possibility of monetary losses is also low.

In fact, per Orbisresearch.com data as revealed by Reuters, blockchain technology is anticipated to be used by 65% of enterprises by 2020. Given its market presence and growing collaborations, IBM is well positioned to reap the benefits compared with other key players in this domain like Microsoft (MSFTFree Report) , Accenture, to mention a few.

IBM’s Strengthening Foothold in Blockchain

IBM is steadily gaining ground in blockchain technology. Driven by multi-industrial adoption, IBM’s blockchain technology has rapidly gained traction over the last few years.

Notably, IBM has been an early adopter of the blockchain technology. Moreover, IBM uses Hyperledger technology for blockchain applications and is also a key member of the Hyperledger committee. This enables the company to gain prior notification of any changes in the underlying infrastructure, which is the main reason behind its increasing deal wins.

The Hyperledger Fabric framework will facilitate the free flow of data among the clerks, which consequently aids them inoffering enhanced services to companies.

To quote, Vincent Fournier, Senior Manager Blockchain, IBM France, “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.”

IBM’s initiatives to aid its clientele in delivering services in real time, by utilizing blockchain technology bodes well. In fact, blockchain technology market is projected to reach $23.3 billion by 2023 from estimated $1.2 billion in 2018 at a CAGR of 80.2%, per data from MarketsandMarkets.

Bottom Line

IBM has been a pioneer when it comes to helping businesses digitally transform and evolve. The tech giant continues to bring innovation to its services to help the enterprises leverage the emerging technologies, including the likes of cloud, artificial intelligence (AI), Internet of Things (IoT), among others.

IBM’s advanced AI, IoT, blockchain, cloud, machine learning (ML) capabilities, among others makes its offerings well poised to gain robust adoption. The traction witnessed by the company’s blockchain offerings is expected to bolster its top line.


Zacks Rank & Key Picks

IBM carries a Zacks Rank #3 (Hold).

Some better-ranked stocks in the broader technology sector are Synopsys, Inc. (SNPSFree Report) and Symantec Corporation (SYMCFree Report) , both sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Long-term earnings growth rate for Synopsys and Symantec is projected at 10% and 7.9%, respectively.

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Massive 96% Discount Offer On The Blockchain Certification Advanced Training Bundle – Avail …

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Blockchain in Aerospace and Defense Market Is Booming Worldwide: IBM, ChromaWay, 2Value …

This press release was orginally distributed by SBWire

Edison, NJ — (SBWIRE) — 03/15/2019 — Blockchain in Aerospace and Defense – Thematic Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are IBM, ChromaWay, 2Value, Kraken, Ethereum, Digix, BitFury, Lisk, SAP, Factom, Blockchain, Helix, Everledger, Guardtime, BlockVerify, NameID, Hyperledger, ShoCard, ConsenSys, Norblock, Microsoft, Ubitquity, Blockstream, Onename, Digital Asset Holdings, Thales, Lockheed Martin, Abra, Amiko Pay, ConsenSys, BitFury, Align Commerce, Circle, Credit China FinTech, BTL Group, Setl.io Lisk, Ping An, Chain, BitPesa Monetas, Ethereum, Axoni, Cashaa Ripple, Hyperledger, R3, Clearmatics, Boeing, Airbus etc.

Request Sample of Blockchain in Aerospace and Defense – Thematic Research @: https://www.htfmarketreport.com/sample-report/1692174-blockchain-in-aerospace-and-defense-thematic-research

This report studies the Blockchain in Aerospace and Defense – Thematic market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the Blockchain in Aerospace and Defense – Thematic market by companies, region, type and end-use industry.

Browse 100+ market data Tables and Figures spread through Pages and in-depth TOC on ” Blockchain in Aerospace and Defense – Thematic Market by Type by End-Users/Application, Organization Size, Industry, and Region – Forecast to 2023″. Early buyers will receive 10% customization on comprehensive study.

In order to get a deeper view of Market Size, competitive landscape is provided i.e. Revenue (Million USD) by Players (2013-2018), Revenue Market Share (%) by Players (2013-2018) and further a qualitative analysis is made towards market concentration rate, product/service differences, new entrants and the technological trends in future.

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Competitive Analysis:

The key players are highly focusing innovation in production technologies to improve efficiency and shelf life. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in the optimal strategies. Company profile section of players such as IBM, ChromaWay, 2Value, Kraken, Ethereum, Digix, BitFury, Lisk, SAP, Factom, Blockchain, Helix, Everledger, Guardtime, BlockVerify, NameID, Hyperledger, ShoCard, ConsenSys, Norblock, Microsoft, Ubitquity, Blockstream, Onename, Digital Asset Holdings, Thales, Lockheed Martin, Abra, Amiko Pay, ConsenSys, BitFury, Align Commerce, Circle, Credit China FinTech, BTL Group, Setl.io Lisk, Ping An, Chain, BitPesa Monetas, Ethereum, Axoni, Cashaa Ripple, Hyperledger, R3, Clearmatics, Boeing, Airbus includes its basic information like legal name, website, headquarters, its market position, historical background and top 5 closest competitors by Market capitalization / revenue along with contact information. Each player/ manufacturer revenue figures, growth rate and gross profit margin is provided in easy to understand tabular format for past 5 years and a separate section on recent development like mergers, acquisition or any new product/service launch etc.

Market Segments:

The Blockchain in Aerospace and Defense – Thematic Market has been divided into type, application, and region.

On The Basis Of Region, this report is segmented into following key geographies, with production, consumption, revenue (million USD), and market share, growth rate of Blockchain in Aerospace and Defense – Thematic in these regions, from 2013 to 2023 (forecast), covering

– North America (U.S. & Canada) {Market Revenue (USD Billion), Growth Analysis (%) and Opportunity Analysis}

– Latin America (Brazil, Mexico & Rest of Latin America) {Market Revenue (USD Billion), Growth Share (%) and Opportunity Analysis}

– Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden & RoE) {Market Revenue (USD Billion), Growth Share (%) and Opportunity Analysis}

– Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) {Market Revenue (USD Billion), Growth Share (%) and Opportunity Analysis}

– Middle East & Africa (GCC, South Africa, North Africa, RoMEA) {Market Revenue (USD Billion), Growth Share (%) and Opportunity Analysis}

– Rest of World {Market Revenue (USD Billion), Growth Analysis (%) and Opportunity Analysis}

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Have a look at some extracts from Table of Content

Introduction about Blockchain in Aerospace and Defense – Thematic

Blockchain in Aerospace and Defense – Thematic Market Size (Sales) Market Share by Type (Product Category) in 2017

Blockchain in Aerospace and Defense – Thematic Market by Application/End Users

Blockchain in Aerospace and Defense – Thematic Sales (Volume) and Market Share Comparison by Applications

Blockchain in Aerospace and Defense – Thematic Sales and Growth Rate (2013-2023)

Blockchain in Aerospace and Defense – Thematic Competition by Players/Suppliers, Region, Type and Application

Blockchain in Aerospace and Defense – Thematic (Volume, Value and Sales Price) table defined for each geographic region defined.

Blockchain in Aerospace and Defense – Thematic Players/Suppliers Profiles and Sales Data

Additionally Company Basic Information, Manufacturing Base and Competitors list is being provided for each listed manufacturers

Blockchain in Aerospace and Defense – Thematic Manufacturing Cost Analysis

Blockchain in Aerospace and Defense – Thematic Key Raw Materials Analysis

Blockchain in Aerospace and Defense – Thematic Chain, Sourcing Strategy and Downstream Buyers, Industrial Chain Analysis

Market Forecast (2018-2023)

……..and more in complete table of Contents

Browse for Full Report at: https://www.htfmarketreport.com/reports/1692174-blockchain-in-aerospace-and-defense-thematic-research

Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.

For more information on this press release visit: http://www.sbwire.com/press-releases/blockchain-in-aerospace-and-defense-market-is-booming-worldwide-ibm-chromaway-2value-kraken-ethereum-digix-1172027.htm

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Top 7 Blockchain Development Companies in 2019

Blockchain has blossomed in the past years, with more and more companies and projects using the implementations of this technology to revolutionize and improve various fields and sectors.

But there are some companies that stand out from the crowd as they have contributed to the development of the blockchain ecosystem. We have compiled a list of some of the top blockchain development companies in 2019.

IBM Blockchain Enterprise

IBM is a giant in tech innovations and has been in the IT industry for decades. It was among the first organizations to offer support for the Hyperledger project, as well as increase the popularity of this blockchain network.

IBM has established a lab which focuses specifically on providing blockchain solutions and expert help on said technology. This blockchain development company allows for the creation of a complete blockchain platform, enables blockchain asset management, and secures transactions by using its IBM cloud.

Its list of services also features a kick-starter program, acceleration programs, and innovation services for new projects from this sphere. IBM’s reputation guarantees all its solutions and services have the best quality in the industry as they are developed by the best experts in the field.

IBM also has numerous partnerships with various businesses from a number of industries that want to either experiment include distributed ledger technology (DLT), new blockchain solutions that can also be used with the Internet of Things (IoT).

Intellectsoft Blockchain Lab

Intellectsoft Blockchain Lab is a branch of the Intellectsoft Group, which is able to access the biggest number of blockchain engineering, cryptography, and cybersecurity experts in the Eastern side of Europe. The lab has already helped numerous SMBs and enterprises with its expertise. E&Y, London Stock Exchange, The World Bank, Nestle, and Shell are some of the companies it has assisted.

The lab also provides a variety of services for startups such as product vision and technical design workshop, development for private and public blockchains, smart contracts development and audit, and hybrid systems development.

Intellectsoft’s lab also helps enterprises with Proof of Concept vision and technical design workshops, development of consortium networks, and incorporating blockchain solutions with other infrastructures. The technologies on which this blockchain development company relies on includes Parity, EOS, and Stellar.

LeewayHertz

LeewayHertz creates applications by merging a number of innovative technologies, like IoT, Augmented Reality (AR), and Artificial Intelligence (AI). This blockchain company also offers mobile and web development services, and it also focuses on startups and enterprises. LeewayHertz has so far made blockchain implementations in several fields: Healthcare, IoT, Aviation, Peer-to-peer lending, Insurance, and Legal sector.

They offer distributed ledger solutions and services based on Hyperledger, Ethereum, as well as Hedera Hashgraph (a directed acyclic graph -DAG).

This blockchain development company uses the technology in gathering data, streamlining business processes, and increasing privacy, automation, and functionality.

Innovecs

Innovecs is a large software firm based in Ukraine that also specialized in the development of blockchain application, distributed file management, financial transfer solutions, and enterprise cryptocurrency platforms.

Innovecs assists organizations from the e-commerce, retail, high tech, and healthcare sectors. Their proficiency covers business intelligence and Big Data, AI, QA automation, hybrid apps, and DevOps. Seeing as Innovecs has a wide range of skills and experts, they are the perfect company for large enterprises that are looking to integrate blockchain solutions.

MLG Blockchain

MLG Blockchain is a blockchain company that provides a large list of services and solutions for this technological sector.

It assists its clients in building applications that incorporate blockchain and smart contract technology. The company currently works with a number of blockchain fabrics Bitcoin Blockchain, Ethereum, Hyperledger, and Factom.

MLG Blockchain is a small company which focuses only on blockchain development, integration and support.

Coinfabrik

Having more than two decades of experience in developing and revising security applications Coinfabrik is an experienced development company. It offers a host of blockchain solutions such as smart contract development, smart contract audits, blockchain development, Hyperledger, private blockchain development, and many others.

CoinFabrik is not only limited to blockchain, branching out to other software sectors such as UI & UX design, applications integration, hybrid cloud environment product deployment, QA and maintenance services.

Empirica Software

The last on our list is Empirica Software, a blockchain development company which cater to financial technology projects. In order to have the best performance, they launched a separate Algorithmic Trading Platform that can be of use to both traders and quants.

Empirica Software offers various FinTech solutions such as FinTech software development, blockchain development, machine learning, data science, and AI.

Summary

With this, we conclude our article on the top blockchain development companies in 2019. We expect to see many more developments and innovations from these companies any time soon.

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IBM Hyperledger Blockchain Starts Nationwide Deal With France’s National Council of Clerks (NCC)

IBM-Hyperledger-Blockchain-Starts-Nationwide-Deal-With-Frances-National-Council-of-Clerks-NCCIBM-Hyperledger-Blockchain-Starts-Nationwide-Deal-With-Frances-National-Council-of-Clerks-NCC

IBM, one of the largest technology companies in the world, has recently scored a big win in France. Court clerks from all over the country will soon start to use the Hyperledger blockchain technology created by the company in order to change the legal recording system of their companies.

This will happen after IBM has struck a deal with the National Council of Clerks in France. At the moment of this report, IBM has already started the tests with a handful of court clerks in the country and the system is being tweaked in order to go full-scale during the first half of 2019.

The goal of the new partnership is to allow the clerks from commercial French courts who maintain the country’s Register of Commerce and Companies to upgrade the speed and the efficiency of the services that they provide.

According to the official reports, the clerks will be able to use the brand new blockchain system to share important information about their offices. For instance, they will be able to share regulatory information about difficulties that companies have, the changes in their legal status, name, new offices, and similar occasions.

Before the usage of the blockchain, the main difficulty was to keep all the records compatible and without any kind of incoherence between them. For instance, if information needed to be updated, this could involve several offices that had to coordinate their work to be able to do their jobs.

IBM has divulged that an update to a registry took a single day during the pilot testing. If this does not seem fast to you is because you are not aware that the process used to take several days before.

By using the new technology, the whole process is considerably faster and there is an upgrade in transparency, as well, as the records are easier to visualize. IBM has told the media that the partnership could help the French Commercial and Corporate Registry to become a technological leader in the country.

The press release affirms that this initiative will be very important for the justice sector of the country and that it will work as an example of how the blockchain can lead to a transformation in the sector.

The senior manager for blockchain at IBM France, Vincent Fournier, has affirmed that the blockchain has the ideal qualities to be used in this context and that it will provide clerks will more tools to do their work in a world that is always changing.

Sophie Jonval, president of the clerk association, has affirmed that the project will help to interconnect the offices and that they need to be pragmatic in order to modernize the profession.

Today’s Top Crypto Coin Price Predictions: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and EOS Forecast

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French Court Clerks to Use IBM Blockchain Platform for Corporate Registry

French commercial court clerks will use a blockchain-based platform to record changes in companies’ legal status within the country. The development was revealed in an official announcement on March 14.

The blockchain network was jointly developed by IBM and the National Council of Clerks (NCC) and will reportedly be deployed starting in 2019 by the clerks operating in commercial courts across France. The blockchain platform is built on the Hyperledger Fabric framework and aims to increase transparency and efficiency in legal transactions associated with the lifecycle of companies in the registry.

Specifically, the solution will be used to record and share data related to “the exchanges of regulatory information related to companies’ difficulties,” as well as “the changes of status of the company registered on the French territory.” That includes such data as change of corporate name, registration court office, establishment of branch offices, and business dissolution.

In a pilot, NCC reportedly managed to shorten the time needed to update the registry from several days to a single day. Vincent Fournier, Senior Manager Blockchain at IBM France, said that “blockchain’s qualities are ideal for this use, improving the Clerks’ business processes and adapting to the ever-changing nature of their missions.”

IBM has released various commercial blockchain products and filed a number of blockchain-related patents. Moreover, IBM reportedly offers the greatest number of blockchain jobs, according to recent research by The Next Web.

This week, IBM partnered with blockchain consortium and credit union service organization CULedger to develop new blockchain-based solutions for the credit union industry. These solutions can reportedly improve services such as digital identity authentication, Know Your Customer compliance, lending and payments services, and other consumer processes that require authentication.

Also this month, IBM revealed two new patents targeting network security using blockchain technology and focusing on database management using the tech.

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IBM builds blockchain for French corporate registry

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.

The goal is to streamline information exchange so that changes in the registry can be reflected faster. Updates often impact multiple local registries which can require quite a bit of coordination. In the pilot program, a registry update that can take several days for a complicated case was reduced to just one day.

It also means that all the local courts see the same data and they can track all changes. The European Union is exploring connecting the registries of different countries and this initiative will help to facilitate that.

The project uses Hyperledger Fabric blockchain technology. Initial tests were successful and involved four different courts and IT providers.

“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,” said Sophie Jonval, President of the National Clerks Council.

DigitalSwitzerland also explored using Hyperledger Fabric to speed up the company formation process.

In Canada, the District of British Columbia has chosen a different approach to a related issue. They set up the Verifiable Organizations Network (VON) to issue business identities. Because every business has a digital identity, people can query a directory to find out about them. Instead of using Hyperledger Fabric, it uses Hyperledger Indy which is focused on identity.


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IBM Scores Nationwide Blockchain Deal With France’s Commercial Court Clerks

Court clerks across France will soon be recording changes in companies’ legal status on a Hyperledger blockchain built by IBM.

The National Council of Clerks (NCC) project has already undergone tests involving four court clerks and IT providers, IBM said Thursday, and 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 about the difficulties companies experience, as well as changes in their status, like 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 process can involve multiple regions, so that local registries need to coordinate, and here is where the “single source of truth” afforded by blockchain tech can help.

In a pilot, IBM said, making an update to the registry took one day instead of several days. While enhancing the speed and transparency of the system, the technology can also make the French Commercial and Corporate Registry a technological leader in the European Union, IBM believes.

“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,” Vincent Fournier, senior manager for blockchain at IBM France, said in a press release. “Blockchain’s qualities are ideal for this use, improving the clerks’ business processes and adapting to the ever-changing nature of their missions.”

Sophie Jonval, president of the NCC, said the project responds to “the expectations and requirements of today’s multipolar and interconnected economic world,” adding:

“We must be both pragmatic and at the forefront of progress on a technology such as blockchain. The latter represents a major potential technology for our profession and for the modernization of the tools of Commercial Justice, reflecting our status, our mission and our professional rules.”

Image of the French court via Shutterstock

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