February 20, 2024

Gazprom introduces blockchain technology in supply chain

Gazprom introduces blockchain technology in supply chain

The world's largest companies are actively introducing blockchain technology into their business processes, and Russia is not standing inside. Gazprom Neft announced that soon the entire supply system will be under the control of a distributed registry.

Blockchain will help Gazprom

The head of the Russian giant spoke about the plansGazprom Neft's blockchain division Alexander Kalmykov. At the moment, a prototype system is already ready in which traditional technologies are completely replaced by a blockchain. He also spoke about the reasons why the company decided to switch to a distributed registry.

  • Firstly, blockchain really speeds upThe process of interaction between the company and its suppliers. Previously, if something happened with a batch ordered from a supplier, the company found out about it only a few days later. Now information comes instantly. It is not difficult to imagine how important this is for a giant company with billions in turnover.
  • Secondly, the convenience of interaction has grown significantly. A single system where the reliability and reliability of data is guaranteed by the blockchain minimizes confusion, hiccups and other problems that the company constantly encounters.

And finally, blockchain gives both partiesessential guarantees. Gazprom sees a complete and transparent picture of the supplier and its products, simplifying the process of selecting partners and checking its reliability. The suppliers themselves see everything that happens to their products after they are sent to the customer. This may come in handy if something happens to a shipment of goods — in a blockchain system it will be possible to immediately understand who is to blame.

Despite the fact that the prototype is already ready, the firstthe transaction in the system is planned only for the summer of 2020. It is possible that during internal testing many shortcomings were found that need to be corrected before the full launch. There is no need to rush in this case — a well-functioning blockchain system will work like clockwork, but an unfinished product will bring even more problems than old solutions.