“Gazprom” continues to implement blockchain

Russian oil and gas leaders continue to implement the distributed registry system.
We have already told that the blockchain technology was tested in Gazpromneft which is the subsidiary of Gazprom.

Earlier, radio frequency identification (RFID) and a GPS sensor were installed on the isolation valves purchased for Gazprom Neft Shelf. All data received from the devices was recorded by the smart contract and reflected in the blockchain.
At the stage of shipment from the manufacturer in Veliky Novgorod, after interpretation of RFID tags, a document with information about the delivery was formed. GPS sensor made it possible to monitor the movement of cargo to the warehouse in Murmansk, the rate of its movement, the quantity and duration of stops along the way.

Thus, experts obtained access to relevant information, and the use of blockchain provided accurate execution of all operations from delivery to document flow.

Further, information on warehouse and transport operations up to the final destination to the Prirazlomnaya platform in the Pechora sea was transferred under a similar scheme.

Earlier in April the head of Gazprom Alexey Miller said that the company will continue to develop application of blockchain technology and has already developed a test sample of a technological platform that will automatically make contracts for blockchain.

“Currently, together with Gazprombank, a test sample of the technological platform has been developed, which automate the process of making monitoring and execution of contracts. This system also involves automatic arbitration and automatic calculation of payments for gas,” says Miller.

The oil and gas company appreciated the possibility of applying a system that is open to all participants in the contractual process. And fully protected from unauthorized interference and unauthorized changes.

Gazprom is ready to start work on the implementation of the automating of the support of contractual process for gas supplies.