Paris, November 28, 2024 – LeCoffre.io, launched by the mission-driven company not.IT FACTORY based on an idea from the not.IT LAB technology endowment fund, is an online platform designed by notaries for notaries. It aims to secure, streamline, and trace the collection and transmission of documents for all notarial acts. Developed in France by Smart-Chain using the Tezos blockchain technology, LeCoffre.io was rolled out nationwide in June 2024 and is currently used by around thirty notary offices, with a target of reaching 100 users by the end of the year.
LeCoffre.io: A Breton Innovation with Ambitious Goals for the French Notarial Ecosystem
LeCoffre.io provides a platform for notary offices to secure and trace document exchanges. Its goal is to eliminate fraud risks by selectively distributing encrypted and authenticated data while ensuring a streamlined, sovereign, and regulation-compliant (GDPR) document management process.
The platform offers an intuitive and user-friendly interface enabling notaries to request and receive notarized documents from their clients:
- The notary logs into the platform using unique credentials.
- The client accesses a secure link sent via email, with two-factor authentication (2FA).
Through a secure connection, documents are analyzed and immutably recorded on Tezos. Chosen because of its scalability, security, low environmental impact due to its Proof-of-Stake (PoS) mechanism, and on-chain governance. Each file is timestamped, tamper-proof, and verifiable at any time. Only the notary can access the documents stored on LeCoffre.io, and all data is encrypted and retained for a limited time to ensure confidentiality.
LeCoffre.io complies with the new anti-money laundering and counter-terrorist financing (AML/CTF) obligations for notaries and plans to accelerate its adoption by integrating new artificial intelligence (AI) features to enhance security further. The platform is currently used by 30 notary offices in France, with a goal of reaching 100 users by year-end.
Leveraging Technology to Drive the Digital Evolution of the Notary Profession
In recent years, notaries have faced challenges in controlling the security and integrity of data transmitted online. While file transfer platforms facilitate the sharing of large documents, they do not always guarantee data integrity and origin. Amid a rise in cyberattacks, LeCoffre.io protects client information by mitigating risks of fraud, hacking, and document tampering while offering transparent case tracking.
Initiated in 2019 by the notaries of the Chamber of Ille-et-Vilaine, the project was spearheaded by not.IT LAB, a technology endowment fund focused on promoting new technologies in the notary profession and developing innovative tools and relationships to position notaries as key players in the legaltech sector. In 2020, the fund launched LeCoffre.io, which became the first subsidiary of not.IT FACTORY. This mission-driven company brings together active notaries to develop innovative solutions for the profession, leveraging new technologies such as AI and blockchain.LeCoffre.io embodies the core values of the notarial profession—Security, Sovereignty, and Simplicity—while supporting the sector’s sustainable digital transformation.
Click here to learn more about LeCoffre.io.
Laurence Koening, COO of LeCoffre.io
“LeCoffre.io is the first step in a strategic plan aimed at giving notaries control over the entire lifecycle of their data. They can reclaim sovereignty over their professional tools with the security provided by blockchain technology.”
Sébastien Massart, COO of Smart-Chain
“For years, document fraud involving items like bank account details or identity cards has been a significant issue in the notarial sector. LeCoffre.io provides a solution through its encrypted and secure platform, combined with data certification on the Tezos blockchain. To continue our mission, we are enhancing the platform's technology to drive adoption among industry professionals.”
Cédric Roche, Director of Support & Adoption at Nomadic Labs
“With the digital transformation of the legal sector, the entire notarial profession must reinvent itself to meet new client needs and address emerging risks. LeCoffre.io embodies this necessary evolution by offering a truly innovative approach. We are excited that the Tezos blockchain technology enables the exploration of new use cases while ensuring data transparency and security.”