The national postal service of Switzerland, Swiss Post and the national Telecom provider Swisscom become partners in the development of “absolute Swiss” safe, simple and sustainable infrastructure for blockchain-based applications. How they intend to use the solution for its own services and to offer its corporate customers and government agencies.
Reportedly, the private blockchain will be based on Hyperledger Fabric framework 2.0 and runs in a pilot version in the second quarter of 2019. It will store all data in Switzerland and will be able to meet the highest banking requirements in matters of security.
We will remind that the Office of supervision of the operations of the financial market Switzerland (FINMA) recently announced the introduction of new FINTECH-license, which will allow the blockchain and cryptocurrency companies, registered and leading activities in the country to accept deposits for amounts up to 100 million Swiss francs – if the funds are not intended for reinvestment or the payment of interest. And largest stock exchange in the country SIX Swiss Exchange expects that the trading platform within a decade will be replaced by a development alternative based on blockchain technology.
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