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Swiss Post and Swisscom will benefit from their reputation of trust in Switzerland to create a blockchain platform to be used alone and others that will be based on Hyperledger Fabric2.
Swiss Post is publicly owned and the second largest employer in the country. It already uses blockchain technology to record temperature data during the transportation of pharmaceutical products in the national postal network. In addition, an energy supply program and a billing pilot for landowners are generated, generating their tenants accurately in cooperation with Energie Wasser Bern.
Swisscom is 51% publicly owned and a major provider of telecommunications services in Switzerland. He is working on a blockchain platform, flanked by the MME law firm, for the issuance and safe transfer of shares called "C-Share".
The announcement said:
"Swiss Post and Swisscom are connecting their existing private infrastructure for blockchain applications, and based on the distributed ledger technology, the two instances control each other and thus help establish trust."
It continues by confirming that the new blockchain platform will be used for its blockchain-based applications and will be made available to other companies.
The development will be a private blockchain infrastructure, limited to its blockchain users and therefore, says the release, requires less energy than other public blockchains.
Blockchain data will remain in Switzerland
Explaining that Swiss Post and Swisscom are "known for their reliable handling of sensitive information", the version also confirms that the data on their blockchain platform will remain exclusively in Switzerland and meet the "high security" requirements of banks.
"Swiss Post and Swisscom are creating attractive benefits for companies in all sectors and therefore also for Switzerland as a place of business", added an excerpt from the press release.
The pair plans to launch the first pilot applications on the new blockchain platform in the second quarter of 2019, and will focus on working with companies and public authorities in the country, as well as being open to other key partners for the project.
A national blockchain?
Considering the public ownership of both companies, development could almost be called a supply of national blockchain platforms, and therefore potentially a first for blockchain.
It is not surprising that this kind of progression emerges from Switzerland, both a financial innovator in its own right and a proven supporter of cryptocurrencies and blockchain technology.
The credibility of the two companies in Switzerland can arouse interest in the platform and further accelerate the adoption of the blockchain in the country of the European Union (EU).
The Swiss Stock Exchange created its own cryptocurrency and exchange and approved the first listing of a fund traded on a stock exchange based on the cryptocurrency (ETF). The Swiss government is still investigating the possibility that its digital currency is the "franc". And, one of the first cryptocurrency hubs in the world, the city of Zug, was one of the first to participate in e-voting with blockchain.
Shutterstock foreground image.
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