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Poste Italiane Joins FedEx in Adopting Hyperledger Blockchain

Poste Italiane Joins FedEx in Adopting Hyperledger Blockchain

The Italian Postal Service has now joined multinational courier delivery services FedEx in adopting the Hyperledger blockchain.

Poste Italiane is now to use Hyperledger as part of its Deliver 2022 Business Plan in order to streamline its current mail services. Hyperledger is a collaborative project led by the Linux Foundation to create open-source standards for blockchain and Distributed Ledger Technology (DLT). It includes American Express, Cisco, Intel , JPMorgan, Deloitte, and Huawei.

FedEx came on board with Hyperledger in September 2018 with the company impressed that the tech had “big, big implications” for supply chains, transportation, and logistics, all areas crucial to the US postal giant’s worldwide operations.

A statement from Poste Italiane said that blockchain tech is “an effective response to the problems of security, transparency, interoperability, and privacy”. It follows a recent positive amendment to current Italian Senate definitions. Definitions have now been offered for DLT technologies and smart contracts, also that blockchain-based digital data will now represent a legal validation of content.

Once the amendment becomes Italian law, the technical aspects will be overseen by the Agency for Digital Italy and the Presidency of the Council of Ministers.

After signing a declaration with six other EU states this month to integrate blockchain into European economies, the Italian Government has also taken a bold step further by manning its new blockchain advisory board with 30 experts.

The board has been in the pipeline since September 2018 when the Ministry of Economic Development called for more government focus to “know, deepen and address the issue of distributed ledger technologies (DLT) and blockchain”, as well as increase public and private investments in this direction.

 

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