Swiss Post, Swisscom Build Blockchain App Infrastructure

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Swiss Post, Swisscom Build Blockchain App Infrastructure

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In a joint press release today, national postal service Swiss Post and telecoms provider Swisscom announced a partnership to launch a 100% Swiss infrastructure for blockchain applications based on the Hyperledger Fabric 2.0 software.

This project is the first of its kind in Switzerland to be made as a private blockchain partnership project. They are building a “simple, secure and sustainable infrastructure for blockchain applications with the advantage of having the data remain completely in Switzerland”.

There are current instances of ongoing blockchain developments within the individual companies being used for different purposes. The press release states that “Swiss Post stores its temperature measurement data on a blockchain during the transport of pharmaceuticals” while “Swisscom is working with its subsidiary, daura AG, on a digital share based on blockchain technology”.

The blockchain infrastructure is being built to “meet the high-security requirements of banks” and expects to meet a common objective of creating a platform for businesses and public entities to manage “sensitive digital business processes securely and verifiably”.

Besides being energy efficient, the platform will only be accessible to identified users having contractual relationships with app providers.

The first pilot application is scheduled to be released in Q2 of 2019. Meanwhile, they are extending an invitation to third party contributors who will like to take part in the infrastructure.

Switzerland is making quick progress with blockchain-related developments. Recent development includes the Finance Minister Ueli Maurer’s decision to adapt current legal systems to accommodate blockchain technology.

 

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