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Data On Passengers With Privileges To Be Stored On Blockchain In Russia

11:59 07/03/2019
Data On Privileged Passengers In Russia To Be Kept On Blockchain

Information about the privileged passengers of the Russian Railways will be stored on a specially developed blockchain platform, Coin Duck reports referring to Anton Drozdov, the head of the Russian Pension Fund (PF).


The PF plans to sign a contract with the Russian monopolist in the field of railway passenger transportation during 2019. The chief purpose of the agreement on the blockchain platform creation is to reduce the number of fraudulent cases. Many passengers of Russian Railways use fake documents with the right to free or reduced fare in transport.


At the first stage, the innovative blockchain platform will be tested. The experiment will involve the passenger traffic of the Moscow-Tver railway direction. If the tests are successful, the blockchain will be used in the work of other railways of the company.


The Ministry of Transport of Russia also became interested in distributed ledger technology and announced its testing at the Big Port of St. Petersburg. The Ministry has opted for the TradeLens platform, developed jointly by IBM and Maersk. According to some reports, its use will reduce the state's expenditures by ten billion rubles (more than $150 million).


The Moscow Election Commission is also considering the use of blockchain technology during elections to the City Duma. According to the electoral commission, distributed ledger will help to avoid fraud.

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