02.06.2020
Artikel Nummer: 32187
Rail transport order to be executed automatically
Russian Railways (RDZ) is implementing a pilot project at October Railways to introduce smart contracts which will provide contractual support for transport and logistics activities.
Such contracts are considered to be automatically executed when all their conditions are met, that is when the cargo has been shipped, the money transferred, and the participants have no claims against each other.
The company plans to carry out the first cargo shipment with the full application of this technology by the end of 2020. Since the beginning of the pilot project, much work has been done to assess and improve the operational functionality of smart contracts.