In Russia held the first blockchain-the sale of petroleum products

In the middle of the week the Deputy Chairman of VTB management Board, commented on the prospects of the blockchain. According to Olga Dergunova, the technology of distributed registries will be in demand in the banking world. This also will certainly join the field of trade.

Blockchain in Russia

The reason for the assumption — the first transaction for the sale of gasoline on the basis of the blockchain in Russia. About it told the employees of the company “petroleum trading”, according to RNS. The second side is represented by company “RS-Oylopt”, “trust ‘ TEK” and “Topline”. The supply will spend in Omsk, Rostov and Leningrad region.

In the process of automation, we relied on two key issues for working with clients on RFQ and workflow. Documentation we decided with the help of electronic data interchange (EDI), because all the companies in Russia pass through tax reporting in EDO. Registration and exchange of data with the new contractor takes 10 minutes instead of the 60 days when sending paper mail. To solve the second problem in 2017, the company has created an innovative solution — bot the messenger Telegram, which offers the best prices for petroleum products considering of the railway tariff.

The company’s management operation and wants to transfer on the blockchain of all customers. According to analysts, investment in the amount of $ 8 million will allow the company to increase revenues by 40 billion over the next two years.

We see a huge potential for growth in the number of transactions on the blockchain. And his mission in this project, see modifying existing, established over the years rules and regulations of commodity-money relations between market participants. We plan to actively develop this project, and in the fourth quarter of 2018 considering the holding of its ICO.

Looks like the end of the year we are waiting for new tokens. The first will be Gram from the company Paul Durova, which soon will hold the second round of investment. A public sale is planned for March.

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