Plus   Neg

Austrian Post Launches Blockchain-based Collectible Crypto Stamp

cryptostamp2 061219 lt

The Austrian Post has released the world's first blockchain-based collectible crypto stamp, which is a special stamp block that connects the analog and the digital world. The digital counterpart of the crypto stamp can be authenticated using blockchain technology.

Austrian Post has issued 150,000 crypto stamps having a face value of 6.90 euros, which can be found in all of its branches.

The Crypto stamp can be used as a normal stamp on postal items, with the digital counterpart stored on the decentralized data storage of the blockchain. It then lies in a digital wallet, which is exclusively owned by the owner.

The stamp is made of two parts. The left part with the unicorn image is the actual postage stamp which can be detached and sent. The unicorn on the stamp is the heraldic animal of the Ethereum community.

The right part contains all credentials hidden under scratch layers as the digital version of the crypto stamp or a virtual collectible, which can be sold or transferred from one wallet to another, with the transactions fully documented on the blockchain.

Austrian Post is known for releasing a colorful range of innovative special stamps. It has in recent years released dirndl embroidery and lederhosen stamp as well as special stamps made of porcelain, glass, meteorite dust or sparkling Swarovski crystals.

For comments and feedback contact: editorial@rttnews.com

Business News

Follow RTT