Swiss Post, the country's national postal service, and state-owned telecoms provider Swisscom have united to develop a blockchain platform.
Thursday that they are using Hyperledger Fabric to build their "Simple, secure and sustainable" private blockchain infrastructure, intended to be utilized by their own, as well as other companies', applications.
"In contrast to"public blockchains", this private blockchain infrastructure requires much less energy, since it can only be used by identified users who have a contractual relationship with the providers of an application.
The first pilot blockchain apps are scheduled for launch in Q2 2019, with use cases said to be focusing on corporates and government agencies desiring to digitize business processes in a "Secure and verified" manner.
Swiss Post and Swisscom also said they are open to accepting other partners to join them on the project.
The two companies are already using blockchain technology for several use cases.
Swiss Post's financial services unit PostFinance launched.
A pilot project in May that provides smart energy billing via blockchain.
It also stores temperature data on a blockchain for monitoring pharmaceuticals in transit.
With its subsidiary, Daura AG, on a blockchain system that facilitates the issuance, purchase and sale of shares.
Swiss Post, Swisscom Developing New Blockchain Platform on Hyperledger
Published on Dec 6, 2018
by Coindesk | Published on Coinage
Prominent Investor Thinks Bitcoin Will Hit $1 Trillion Valuation in Next Bull Market
Chris Burniske-former crypto lead at ARK Invest and a partner at Placeholder, a crypto venture capital partnership based in New York with $150 million in capital under management-believes the market cap of bitcoin will surpass $1 trillion during the next bull market.
Craig Wright Continues to Chase His Critics as Major Crypto Platforms Boycott His Cryptocurrency, BSV
One of the world's largest cryptocurrencies, decided to delist BSV amid Wright's campaign to deanonymize one of his critics, other major platforms - including ShapeShift and Kraken - followed suit.
Bitcoin Holds Over $5,300 as Top Altcoins See Mixed Signals
Saturday, April 20 - most of the top 20 cryptocurrencies are reporting slight gains and losses capped under 2% on the day to press time.
There's a new 'Coinbase effect'-the Binance Chain pump
Since its launch, Binance Chain has attracted coins away from competitors, pumping the value of coins that switch.