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The Swiss national postal service Swiss Post and the Swisscom-owned telecommunications company collaborate in a 100% Swiss blockchain infrastructure, according to a press release dated 6 December.
The new infrastructure is probably the first private blockchain or authorized to be jointly managed by two entities; its key premise is to provide a service that stores all data within Switzerland and that can meet the security requirements of banks.
Companies, which have already implemented internal blockchains for different purposes, have revealed that their new common infrastructure will be based on the Hyperledger Fabric 2.0 software.
The first pilot applications – oriented to companies and public authorities looking for a "safe and verifiable" system to manage the delicate digital business processes – will be marketed in the second quarter of 2019. Applications of tertiary property and sustained property will be presented, in an attempt to push the Swiss economy to "quickly gain a leading position" in developing use cases for "promising" technology.
The press release stresses that the connection of the blockchain private infrastructures of the two companies will allow "the two instances to control each other and thus contribute to establishing trust":
"In contrast to" public blockchains "(eg bitcoin and ethereum), this private blockchain infrastructure requires much less energy, since it can only be used by identified users who have a contractual relationship with application providers. This allows more efficient agreement procedures and significantly higher security and performance. "
Swiss Post's former commitment to blockchain includes the use of technology to record temperature measurement data during the transportation of pharmaceutical products, as well as a joint pilot project, "Blockchain for Utility", with Energie Wasser, which allows owners of solar-powered homes to automatically bill their tenants for electricity costs using blockchain.
For its part, Swisscom is working with its subsidiary, daura AG, on "a digital share based on blockchain technology".
As reported earlier this week, the Swiss finance minister, Ueli Maurer, recently stated that instead of establishing a blockchain or crypto-specific legal framework, the country plans to modify the existing laws to accommodate the new technology and its financial applications. Maurer suggested that the government propose amendments to six laws, including the civil code and the bankruptcy law, next year.
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