A Russian airline has announced that it is to use the ethereum blockchain to sell flight tickets with backing from the country’s largest private commercial bank.
n a report from regional newspaper Kommersant, Russian airline PJSC Siberia Airlines, known as S7, and Alfa-Bank begun the project of selling airline tickets on the blockchain on Monday. According to the bank, one of the key advantages of employing the technology was the process of faster payments.
Last December, it was reported that S7 had executed the first of its kind service payment using the ethereum blockchain smart contracts through a letter of credit with Alfa-Bank.
The announcement of this latest project between S7 and Alfa-Bank comes after Russia’s largest airline, Aeroflot, revealed that it had published a proposal for the introduction of digital currencies and technologies related to it into its operations.
In particular, the airline is considering the possibility of using cryptocurrencies for flight ticket payments. It will examine the demands for the currency as a form of payment in addition to the risks associated to the adoption of them on a larger scale.
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