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Largest railway company in Russia uses blockchain to track cargo transportations

Published 2 years ago by superadmin

Largest railway company in Russia uses blockchain to track cargo transportations

CoinFox via coinfox.info

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. "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..

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)..

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