Largest railway company in Russia uses blockchain to track cargo transportations

By | January 10, 2018

Largest railway company in Russia uses blockchain to track cargo transportations

Russian Railways, the largest railway holding in Russia, has successfully carried more than 5 thousand cargo transportations ordered via the blockchain-based system.

Within nine months, there were more than 5 thousand cargo transportations ordered via the Electronic Trading Platform called Freight Transport. The platform uses Emercoin blockchain.

The site was launched in April 2017 by RZD jointly with INTELLEX company in order to attract additional orders.

“ETP FT is a unique service that allows consignors to order transportation of goods in covered wagons, gondola cars, cisterns, etc. from any point where there is access to the Internet, and pay it from a single personal account or by bank payment,” the statement says.

The service is available to the public. Anyone, wishing to transport some goods, needs to enter the site, leave an online application and wait until the site selects the appropriate transportation option, optimal in price and timing.

Transportation data is stored and monitored via Emercoin blockchain.

The Emercoin blockchain system was launched in December 2013. In 2014, Emercoin added a service for storing name->value pairs in its blockchain (Name-Value Storage, NVS).

Published at Tue, 09 Jan 2018 21:17:09 +0000