In August of 2018, Gazprom Neft state-owned oil giant and S7 Airlines announced a partnership to implement blockchain-based technology -smart contracts – in to the aircraft fueling process.  

Gazpromneft-Aero CEO Vladimir Egorov stated, “using blockchain technologies in reciprocal accounting and settlements between aviation companies and fuel operators gives new impetus to the development of the entire aviation industry.”

Russia’s largest private bank, Alfa-Bank, is also a partner with S7 in the development of the blockchain-based platform which has processed an estimated $3.9 million since January 2019, according to a report by Forklog. 

Leave a Reply

Notify of