• Sat, Dec 15, 2018 03:10 AM
  • All times are UTC
  • Edition:
    International
Link copied

Swisscom, Swiss Post team up to build Swiss blockchain infrastructure

Dec 06, 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. >

The commenting service is available only after having logged in.
More
  • Bitcoin (BTC) $3,261.42 (-1.49%)
  • XRP (XRP) $0.290200 (-3.06%)
  • Ethereum (ETH) $84.91 (-2.17%)
  • Stellar (XLM) $0.098600 (-6.29%)
  • EOS (EOS) $1.85 (-0.57%)
  • Bitcoin (BTC) $3,261.42 (-1.49%)
Dec 14, 2018 (Friday)
11:06
Porsche taps BBVA blockchain platform for acquisition term loan
10:04
San Francisco-based security token platform TokenSoft invests in SEC-registered broker-dealer
07:03
PwC Russia partners with Bitfury to launch accelerator for blockchain projects
06:14
Former Apple executive Phillip Shoemaker joins blockchain identity startup Civic
05:11
South Korean internet giant Kakao pumps $15M in Israeli blockchain startup Orbs
03:59
Finablr’s Swych introduces blockchain-powered global gifting and shopping platform using Stellar Network
03:28
UAE, Saudi central banks to co-develop cryptocurrency for cross-border transactions
Dec 13, 2018 (Thursday)
11:34
CULedger latest to join R3 blockchain consortium
10:15
Opera launches new browser for Android with built-in crypto wallet
09:43
Mike Novogratz’s Galaxy Digital Ventures, Fidelity and others invest $4M in crypto lender BlockFi
08:56
UAE Exchange, Ripple to launch cross-border remittances to Asia by Q1 2019
06:56
Maersk, Heidmar and others to trial blockchain-based seafarer certification system
06:18
Blockchain in 2019: Continued mainstream adoption, increased standardisation of platforms and protocols, and survival of the fittest
04:50
Neo Global Capital backs decentralized blockchain computing platform Ultrain
04:12
Indian telecom regulator TRAI completes blockchain pilot with IBM
03:19
Bitwala launches crypto banking services in Germany
Dec 12, 2018 (Wednesday)
11:46
Boerse Stuttgart Group partners with solarisBank to develop crypto trading venue
10:13
Alibaba Cloud, Citi and others join Hyperledger blockchain project
09:59
Growing use of cryptocurrencies and mobile payments forces EU to strengthen rules on criminalisation of non-cash payment fraud
08:55
LINE Plus acquires GrayHash to boost security of fintech and blockchain services
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
EconoTimes