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Swisscom and Swiss Post working together on a new blockchain platform
Swisscom and Swiss Post working together on a new blockchain platform
Blockchain

Swisscom and Swiss Post working together on a new blockchain platform

By Amelia Tomasicchio - 6 Dec 2018

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Today, December 6th, Swisscom, Switzerland’s leading telecommunications company, and Swiss Post announced a partnership for a new blockchain platform.

In particular, it is a system based on distributed ledger technology (DLT) to help mainstream companies upload data on the blockchain.

The digital system financed and sponsored by Swisscom and Swiss Post will allow Swiss companies to carry out transactions directly and therefore without third parties, although the system will allow counterparties to see and validate the history of transactions.

Therefore, it would be a private blockchain, adaptable to the needs of the various companies interested in entering the DLT world. The platform should become operational by mid-2019.

The platform will be based on Hyperledger Fabric2, a project already famous for being supported by companies such as Airbus, IBM, Intel, JP Morgan and SAP.

Swisscom’s official statement reads:

In contrast to ‘public blockchains’ (e.g. 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 the providers of an application. This enables more efficient agreement procedures as well as significantly higher security and performance. This is an important prerequisite for many companies to launch their own applications based on blockchain technology”.

 

Amelia Tomasicchio

As expert in digital marketing, Amelia began working in the fintech sector in 2014 after writing her thesis on Bitcoin technology. Previously author for several international crypto-related magazines and CMO at Eidoo. She is now the co-founder and editor-in-chief of The Cryptonomist. She is also a marketing teacher at Digital Coach in Milan and she is writing a book about NFTs for the Italian publishing house Mondadori, while she is also helping artists and company to entering in the sector.

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