S7 Airlines, the biggest domestic airline in Russia, disclosed that the blockchain network that they created in collaboration with Alfa-Bank, sold tickets worth USD 1 million last month.
The sales director of the S7 Group, Ekaterina Dmitruk, stated during a press release, that due to the blockchain network, operating directly with the airline became much more convenient for agents. This enabled the airline to expand its sales network. By the end of 2019, the company will have its first online agents on the platform.
The network of the airline was launched 2 years earlier and has improved the speed of payment processing and decreased the paperwork.
There are more and more transactions each month. Since the beginning of the year, the amount of payments on the company’s network grew 10 times. On the other hand, other processes on the blockchain are also increasing in number. The blockchain network offers stable performance, security and privacy.
The cooperation with Alfa-Bank and its amazing results display that this new technology brings much value into markets, especially the B2B one. The transfer costs have decreased and transfers can be made day and night.
Last year, the company also became the first airline in the country to refuel a plane with smart contracts.