Today, blockchain is occupying every possible sector to transform and make this space better than it was before. Russian railways are preparing to adopt this blockchain tech to deliver their best service to passengers. They are looking to minimize their expenditure on logistics.
Affordable transportation, safe payment, and improving passenger safety remain the core focus in rail travel. Currently, RZD, the Russian railway company occupies the third position in the space. The company decides to involve blockchain within rail travel to help them boost its position.
Blockchain in Railways
However, Russia is not the only country in this race experimenting blockchain. Next following Russia is Thailand which shows active participation into the blockchain application sector. At the moment, companies are investing a lot from its capital in order to drive in new-age technologies. Some big names are AEON and IBM that have been developing blockchain rail payment systems in Asia.
What are the…