Swiss Post, the country’s national postal service, and state-owned telecoms provider Swisscom have united to develop a blockchain platform.
The two announced Thursday that they are using Hyperledger Fabric to build their “simple, secure and sustainable” private blockchain infrastructure, intended to be utilized by their own, as well as other companies’, applications.
The infrastructure is designed to meet the high security levels required by banks, while all data hosted will remain within Switzerland, they added.
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