Russian airline S7 using blockchain to issue tickets

posted 12 months ago
Russia's biggest airline is now issuing passenger tickets on a blockchain with support from the country's largest private bank.

S7 and its ticketing agent S7 Ticket reportedly began the sales on the ethereum blockchain this week. Lending support is Alfa-Bank, Russia's biggest private banking institution.

The platform is designed to reduce settlement times between between the airline and the agent, which today take around two weeks. It further strives to streamline the payment process by deducting the agent commission automatically after ticket sales to reflect the final receipt.

Tags: blockchain, news