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Blockchain Technology and Cryptocurrencies: Opportunities for Postal Financial Services

Christian Jaag () and Christian Bach

No 56, Working Papers from Swiss Economics

Abstract: This paper explores opportunities arising from blockchain technology for postal operators. Blockchain technology has lately received a lot of interest by the media and the industry, especially in financial services. In the past years an entire ecosystem of new companies has developed, offering hundreds of different blockchain applications. Blockchains are a new kind of decentralized, secure and fast means of record-keeping. The first application of blockchain technology are cryptocurrencies like Bitcoin, which have become an alternative to commodity money and fiat money, but postal operators may be able to exploit this technology in a number of different ways.

Keywords: Postal Sector; Cryptocurrencies; Bitcoin; Financial Services; Financial Inclusion (search for similar items in EconPapers)
JEL-codes: L43 L51 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-pay
Date: 2016-04
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