The Pension Fund of the Russian Federation, the principal national pension fund in Russia, are partnering with Russian Railways in order to use blockchain for tracking passengers that qualify for discounted services. Anton Drozdov, the head of the fund, spoke with Moscow-based news agency, Rambler News Service (RNS).
He revealed that the state-owned fund is expected to close a deal with the government-owned freight and passenger train operator at some stage this year. He also said that the pilot will be carried out along the Moscow-Tver railway line. The aim is to exclude fraud by eliminating certificates that people already use for ID and creating certificates in electronic format for pensioners and qualifying people.
“Even credit and discount cards are already in the phone,” he said. “This is a ‘certificate’ with a QR code that allows it to be identified”.
Mr Drozdov said that the initiative initiative requires a central administrator and the Central Bank of Russia is working on legislation for the project.
Russian Rail Companies Are Already Adopting Blockchain Technology
This is not the first foray into blockchain technology for Russia’s rail infrastructure. During the Russian Investment Forum in Sochi last month, Novotrans, one of the largest rolling stock operators in Russia, partnered with Universa in order to use the technology to make its operations faster, more reliable and more secure.
A spokesman for Novotrans said that the main objective of their joint project was to digitize the entire network. The blockchain will help with everything from the specifics of train maintenance to the digital history of railway carriages and it will be available to each person on the network, meaning they will be able to see at a glance any information they need.
“Together with Novotrans, we are adapting new technologies to the systems of accounting for the idle time of cars, stocks of warehouse spare parts, car-repair processes in accordance with the ideology of lean production,” said Alexander Borodich, Universa founder. “Digitalization of the rolling stock fleet and the processes associated with the repair of wagons will be carried out. Documentation and business processes in the transport sector due to the technology of the distributed registry will get a significant acceleration, their processing and data handling will be simplified and it will be possible to quickly monitor the actions of all participants in the transportation process”.
They hope to have the system up and running within a year.