Cryptocurrency News

Austrian Post combines NFT and NFC technology for digital postage stamps

Oesterreichische Post AG – Austria’s postal service – is ready to adopt even more digital technology protocols for its irreplaceable token postage stamps.

recently Announcement, Austrian Post announced plans for NFC chips for the crypto stamp 3.0 – the third iteration of its limited-edition NXT stamp collectibles series.

These embedded NFC chips will allow stamp owners to verify the authenticity of the physical ticket based on the metadata associated with the digital twin stored on the blockchain.

Actually, the Austrian Post created history in 2019. First government-supported institute to launch NXT. The Austrian Post Crypto Stamp won several awards at the NXT Awards 2020, including the “Adoption Capacity Award” and the “People’s Choice Award”.

Describing the NFC-NXT interaction for Crypto Stamp 3.0, the Post Office stated:

“For the first time, NFC technology is also being used on Austrian postage stamps: Crypto Stamp 3.0 is based on NFC-supported authenticity checks and is cryptographically encrypted […] Both the authenticity and the digital twin can be revealed by reading the NFC chip. “

According to the Austrian Post, the use of NFC technology eliminates the need to create an additional scanning app to verify ownership of NXT stamps.

For Stefan Nemeth, head of product management and e-business branches at Austria’s postal service, the adoption of NFC technology is a major step in adding even more intuitive features to future NXT stamp iterations.

The crypto stamp 3.0 will have a market value of 9.90 euros ($ 12) and a total circulation of 100,000 tickets. Registration to pre-order the NXT stamp will reportedly begin in June.

Since the introduction of its NXT postal token, postal services in other jurisdictions have also joined the act. Back in March, CoinSilium, a crypto startup, formed a partnership with the Gibraltar Philatelic Bureau to issue NXT stamps.

As previously reported by Cointegraph, United States Postal Service Certified CaseMail Posts NFTs Back in april.