The Izikap Launch
Nomadic Labs recently spotlighted the launch of Izikap, a novel SaaS platform developed by the Xelians group. This platform, operating on the Tezos blockchain, represents a significant advancement in the digitalization and management of company registers. The introduction of Izikap marks a paradigm shift from traditional paper-based systems to a more efficient, digital, blockchain-powered approach.
While the shift towards digital solutions in this sector has been significant in recent years, some businesses and legal entities may still use or maintain paper-based systems, especially in contexts where digital transformation has been slower or where regulatory frameworks have required physical records.
Izikap’s Impact on the Legal and Financial Sectors
As stated by Nomadic Labs on January 16th, Izikap offers “Process simplification – moving from the paper-based to digitalized solution, increased legal certainty, and boosted productivity for actors in the legal & financial sectors.” The platform’s deployment heralds a new era of efficiency and reliability in these sectors.
Features and Services of Izikap
Izikap’s capabilities include recording securities movements on the blockchain, real-time analysis of capitalization tables, and the ability to sign and transmit transaction documents swiftly. Additionally, it offers an integrated digital safe with 5 GB of free storage upon subscription and digitizes existing paper registers. Users can also avail of a free month trial to experience Izikap’s functionalities.
Legal Recognition and State Encouragement
The platform gains legitimacy from a 2018 decree that equates the legal value of dematerialized securities movement registers with their paper counterparts. This was further encouraged by the French State’s initiative to modernize company registers via an order from December 2017, endorsing “shared electronic registration devices” like Izikap.
Testimonials from Industry Experts
Jacques Thibon, President of the Xelians Group, commented: “Izikap emerged following a pressing demand from our clients in the fields of finance and law, wanting to benefit from a dematerialization solution that is both user-friendly and economical, while being remarkably intuitive“.
Maître Laurent Julienne, an Associate Lawyer, remarked on the solution’s reliability and security: “Xelians is a trusted and quality partner who is an authority in business dematerialization solutions and secure document archiving.”
Daniel Elalouf, Managing Director – Partner at Montefiore Investment, shared his positive experience: “As the manager of several companies, the experience with Izikap has significantly strengthened my responsiveness in register management.”
Nomadic Labs stated: “Izikap brings: – Process simplification – moving from the paper-based to digitalized solution – Increased legal certainty – Boosted productivity for actors in the legal & financial sectors.”
Xelians: A Veteran in Digital Transition
With over 45 years of experience, Xelians has been aiding companies in the dematerialization of business processes. Their expertise spans across software solutions and document conservation, with 35 conservation sites across France, serving over 11,000 customers and digitize over 60 million documents a year.
Blockchain Technology at Izikap’s Core
Izikap utilizes the Tezos blockchain, known for its high-security level. The blockchain’s immutability, ensured by its Proof of Stake consensus mechanism, guarantees the integrity and security of the data recorded.
Security and Adaptability of Tezos Blockchain
The Tezos blockchain ensures data security through decentralization, distributed validation, economic incentives for validators, smart contract security, and adaptability to new security threats.
“Once a movement is anchored in the blockchain, the data can no longer be modified. This is what justifies data integrity and the highest level of storage security. Izikap chose the French blockchain Tezos which offers a high level of security with its Proof of Stake (POS) consensus mechanism.“
Izikap, powered by the robust and secure Tezos blockchain, is set to revolutionize the way legal and financial sectors manage company registers. Its user-friendly interface, combined with the legal certainty and increased productivity it offers, makes Izikap a significant milestone in the journey towards digital transformation.
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