"Alfa-Bank" and "S7 Airlines" started the innovative block chain platform for automation of commercial transactions, namely the sale of air tickets.
The solution implemented by companies, is based on the Ethereum platform to create decentralized online services on the basis of the block chain.
Reportedly, the calculation speed increased from 14 days to a record 23 seconds. Thus, the airline does not provide deferred payment to agent and gaines revenue immediately after booking the ticket. The agent, in turn, is free of a Bank Guarantee paperwork.
Moreover, the implementation of block chain allows to minimize a human factor and to increase the reliability of transactions.
In the future S7 Airlines hops to extend the scope of the block chain platform. The suppliers of fuel and food, for example, can be engaged in the project.
The solution implemented by companies, is based on the Ethereum platform to create decentralized online services on the basis of the block chain.
Reportedly, the calculation speed increased from 14 days to a record 23 seconds. Thus, the airline does not provide deferred payment to agent and gaines revenue immediately after booking the ticket. The agent, in turn, is free of a Bank Guarantee paperwork.
Moreover, the implementation of block chain allows to minimize a human factor and to increase the reliability of transactions.
In the future S7 Airlines hops to extend the scope of the block chain platform. The suppliers of fuel and food, for example, can be engaged in the project.
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