• Thu, 22 Aug 2019, 05:47 AM
  • All times are UTC
  • Edition:
Copy link
Increase text size
Decrease text size
Link copied

Swisscom, Swiss Post team up to build Swiss blockchain infrastructure

Thu, 06 Dec 2018, 10:19 am UTC

Swiss Post and Swisscom, Switzerland’s state-owned postal and telecom services, respectively, have teamed up to build infrastructure for blockchain applications in Switzerland.

Based on the Hyperledger Fabric2 software, the infrastructure will serve as a ‘plug and play’ platform for companies in all sectors, swissinfo.ch reported. It will be a private blockchain platform in Switzerland, which will keep the data completely in the country.

For this initiative, Swiss Post and Swisscom are connecting their existing private infrastructures for blockchain applications. Both the companies have been actively involved in the blockchain space.

Swiss Post uses blockchain technology to store its temperature measurement data during the transport of pharmaceuticals. With "Blockchain for Utility" (B4U), PostFinance is running a blockchain pilot project together with Energie Wasser Bern (ewb). Swisscom, on the other hand, is working with its subsidiary, daura AG, on a digital share based on blockchain technology.

Swiss Post and Swisscom will use the common infrastructure for their own applications and will also make it available to other companies for their applications. The companies said that they are open to accepting other partners who would like to participate in the infrastructure.

“Swiss Post and Swisscom are building a simple, secure and sustainable infrastructure for blockchain applications in Switzerland,” the official release states.They will use this, on the one hand, to operate their own blockchain services. On the other, they want to enable the Swiss economy to quickly obtain a leading position when it comes to using this promising technology.”

Swiss Post and Swisscom will present their vision for this private blockchain for Switzerland at the Hyperledger Global Forum, to be held from 12 to 15 December in Basel.

According to the official release, the market launch for the first pilot applications is planned for the second quarter of 2019. It will target companies and public authorities which want to handle sensitive digital business processes in a secure manner.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Bitcoin (BTC) $9,994.64 (-2.59%)
  • Ethereum (ETH) $185.91 (-1.61%)
  • XRP (XRP) $0.265300 (-0.61%)
  • Bitcoin Cash (BCH) $299.83 (-2.47%)
  • Litecoin (LTC) $72.84 (-1.25%)
  • Bitcoin (BTC) $9,994.64 (-2.59%)
Aug 22, 2019 (Thursday)
Digital securities platform Securitize becomes SEC-registered transfer agent
Indian Supreme Court grills RBI for cryptocurrency banking ban
Cryptopia customers did not have individual wallets; liquidator Grant Thornton to manually determine crypto ownership
Korean crypto exchange Prixbit shuts down over financial crisis
Crypto Technicals: BTC/USD below $10K, breach of 'Symmetric Triangle' could plummet prices further
Aug 21, 2019 (Wednesday)
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
European Commission looks into “potential anti-competitive behavior” of Facebook's Libra: Report
Thailand’s Siam Cement Group seeks to expand Corda-based ‘Procure to Pay’ solution to 2,400 suppliers by 2020
Crypto Technicals: BCH/USD rejected at cloud, violation at 200-DMA to open up downside
Blockchain settlement startup Fnality adds former UBS and IMF executives to management team
Austrian telecom giant A1 to offer cryptocurrency payment option
Japan's Amaten, Aelf to revolutionize gift card market using blockchain
Crypto Technicals: Monero (XMR) recovery falters at major trendline resistance, slips below cloud
Blockchain securities issuance platform iownit.us obtains approval from FINRA
Crypto Technicals: ETH/USD struggles to extend gains beyond $200 mark, bias bearish below 200-DMA
Square Crypto hires Blockstream co-founder Matt Corallo to boost bitcoin adoption
Commonwealth Bank of Australia develops blockchain-based marketplace and token to protect biodiversity
Crypto Technicals: Bitcoin fails to take out $11K mark, tumbles below 55-EMA support (10428)
EMURGO inks MOUs with South Korean trade associations to boost Cardano adoption
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.