Russian Railways are thinking about using cryptocurrency

All Aboard For The Russian Railway Companies Using Blockchain Technology

Russian Railways are thinking about using cryptocurrency

Oleg Belozerov, CEO of Russian Railways, in his interview «RIA News» said that the company is studying the prospects for using blockchain in its activities and is considering the possibility of adopting cryptocurrency, but only if it receives legitimate status.

The head of Russian Railways said that now the railway transport cannot function without the use of modern technologies and at the moment the company is studying the blockchain and the directions in which it can be integrated. Oleg Belozerov says he sees the potential of the technology in the field of paperwork, primarily related to cargo transportation..

When asked about the prospects for introducing cryptocurrency into the company’s financial system, the head of Russian Railways replied that this issue is not being considered so far. However, if the legal status of the virtual currency is fixed at the legislative level and its legitimacy, this direction, of course, will be worked out.

Recall that children will be adopted in Russia through the blockchain.

text: Ivan Malichenko, photo: Russian Railways photo bank