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
60% of Ethereum hasn't been moved in a year; will this bolster its uptrend?
Ethereum has found itself caught within an intense uptrend over the past day, with its overnight upswing invalidating the firm downtrend that the crypto has been caught within against its Bitcoin trading pair.
Russian Police Arrest Former Post Office Branch Chief for Mining Crypto at Work
Former chief of Russian Post local branch is arrested on suspicion of running a crypto mining farm inside the office for almost six months.
$10,000 Bull Trap? Why Bitcoin Price Is Now Likely to Pull Back
Bitcoin price was once again sideways last week with price action between bulls and bears proving to be equal.
Indian Banks Still Cryptophobic Despite No Banking Prohibition
In a recent response to a Right to Information query, the Reserve Bank of India, the Indian central bank, has stated that there is no prohibition on banks to provide bank accounts to cryptocurrency traders.