Gazpromneft-Aero, the aviation refueling business of Russian state-owned oil giant Gazprom Neft, and S7 Airlines say they have started using blockchain-based joint smart contracts to speed and automate payments for plane refueling.

According to a joint press release, “This is the first usage of distributed ledger (blockchain) technologies on the Russian market. With its help, aviation companies now have the opportunity to make instant payments for fuel directly on refueling aircraft, without pre-payment, bank guarantees or any financial risks to the parties involved.”

ThirtyK Staff
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