The amount of operations via the S7 Airlines blockchain platform and Alfa-Bank exceeded $1 million in July
S7 Airlines, a member of the oneworld® global aviation alliance, in partnership with Alfa-Bank, is developing its own innovative blockchain platform. In July, the volume of payments with our agents via the blockchain platform exceeded $1 million.
“Thanks to this new technology, now it’s easier for our agents to work directly with the airline, which allowed us to expand our own S7 Airlines sales network. Within this year, we are planning to deploy first online agents, whose work would comply with the NDC standard, on the platform,” Ekaterina Dmitruk, S7 Group Sales Director, said.
S7 Airlines sold the first air ticket in the world that was bought by connecting to a banking system through a blockchain in July 2017. The private blockchain was built on the Ethereum protocol base. This is the first project in which the infrastructure for making payments in a permanent mode was created — from the ticket booking system to the bank payment system. The introduction of the platform has increased the processing rate of payments and reduced the amount of paperwork, while ensuring the safety of operations at the same time.
“The number of operations is growing every month. Since January, the amount of payments made on the blockchain platform has grown tenfold. In addition to the number of transactions, the number of other processes that we try to automate on our platform is also growing. This was largely made possible by the Hyperledger Fabric platform, which not only provides stable network performance, but also allows us to safely and privately store data of different members,” Nikolai Mukhanov, S7 Techlab Executive Director, explained.
“The good results of our project with S7 Airlines shows that the blockchain technology creates value and is largely decisive for the B2B market. Agents left behind the guarantees and deposits, reduced transaction costs and now can make payments 24/7. We see great potential in the use of smart contracts and external business logic in accounting and paperwork in various sectors of the economy. Alfa-Bank will continue going in this direction with S7 Airlines,” Pavel Ryazanov, Director of Transaction Business at Alfa-Bank, said.
The holding’s specialists are actively coming up with solutions based on the blockchain technology. In August 2018, S7 Airlines was the first airline in Russia to refuel an aircraft using smart contracts based on the blockchain technology with the operator Gazpromneft-Aero and Alfa-Bank. The new technology allows to increase the processing rate of payments and minimize the financial risks of the parties of the transaction with no prepayment and bank guarantees required. The process of debiting funds and transferring reporting documents between the fuel supplier and the airline takes only 60 seconds.
Air tickets can be purchased at s7.ru, through the iPhone app or the Android app, and at any S7 sales office. You can also learn accurate flight information, book and buy tickets by calling our Contact Centre at 8 800 700–0707 (free for Russia).
S7 Airlines (a brand of Sibir Airlines, www.s7.ru) is a member of the oneworld® global aviation alliance.
The airline has a wide network of domestic routes, with their home base at the air transportation hubs in Moscow (Domodedovo) and Novosibirsk (Tolmachevo). S7 Airlines operates regular flights to the CIS countries, Europe, the Middle East, Southeast Asia and the Asia-Pacific region.
In 2007, the airline was formally notified by IATA about being accepted to the IOSA (IATA Operational Safety Audit) operators list and became the second air carrier in Russia to successfully pass the entire international audit procedure for compliance with operational safety standards.
S7 Airlines leverages the global aviation industry’s latest developments in customer service and is actively growing its offerings.
Currently, S7 Airlines has the most modern fleet of aircraft in the Russian air transportation market. All the flights of the airline are operated on aircraft of the world’s leading manufacturers — Airbus, Boeing, Embraer.
S7 Airlines is included in the list of the TOP-100 best airlines in the world and ranks third in Eastern Europe according to the reputable international rating Skytrax.
As of year-end 2018, S7 Airlines became the most punctual Russian airline, ranking sixth in OAG Punctuality League 2019, the European airline punctuality rating.
In 2017, S7 Airlines became the recipient of the Skyway Service Award in two nominations: the best airline in the “Economy Class, Domestic Regular Transportation” category and the “Best Online Service for Customers” category. S7 Airlines is also the recipient of the Safety Leaders Award in the “Transport Safety: Flight Safety” nomination.
S7 Airlines has been repeatedly awarded the Cannes Lions advertising festival prize for its projects, and has received “My Planet” national award for its innovations in the field of travel.
The airline is a member of the S7 Group of companies. In 2018, the airline group carried more than 15.9 million passengers.