Russian Post to Apply Blockchain Technology to Parcel Tracking – Blockchain Bitcoin News

Russia’s national postal operator plans to implement a parcel tracking system that will rely on blockchain technology. The launch of the new service is part of Russian Post’s digital conversion strategy and is expected to reduce the number of lost shipments.

The blockchain-based tracking system helps Russian Post save time and resources

A spokesman for the company told Bedmosti that in an effort to develop its services and improve the efficiency of its logistics, Pochta Rossi, or Russian Post, is considering various options, including the implementation of blockchain technology. Citing the postal operator’s strategy for digital transformation, the Business Daily reported that the first pilot is expected in the coming years.

Russian Post for hiring blockchain technology in parcel tracking

Russian Post plans to launch its blockchain-based tracking system in early 2023. He further explained that Russian Post is part of a logistics chain, emphasizing that the system will allow other companies to provide end-to-end tracking information.

Bedomosti quoted a source in the IT industry who commented that the goal of the blockchain project is to limit the number of lost parcels. Experts believe that the new platform can replace the existing tracking mechanism of Russian Post and save time and effort in finding lost items. It also means that fewer people will be involved in the process.

The postal operator’s digital transformation strategy, including a roadmap for blockchain tracking services, is currently under review at the Ministry of Digital Development, Communications and Media. Minister Maksut Shadayev told the newspaper that a final decision had not yet been made. When this happens, the strategy will be presented to the company’s board of directors. If approved, 38.2 billion rubles (about 25 525 million) will be invested by 2025.

The Russian Post has been keeping an eye on blockchain technology for some time, the report noted. In October 2017, its director general Nikolai Podguzov unveiled plans to implement blockchain solutions to better control the company’s financial transactions.

“We have 9 billion rubles in transactions every day. To ensure the security of this transaction, it is quite possible that we use blockchain technology and we are working on it, ”the executive said, quoting Toss. During the Russia Calling Forum, Podguzov said he hoped it could have an impact on improving the quality of postal services.

Do you think other postal service providers will become blockchain technology in the future? Tell us in the comments section below.

Tags in this story

Blockchain, Blockchain Technology, Blockchain-Based, Digital Transformation, Parcel Tracking, Delivery Rope, Postal Services, Russia, Russian, Russian Post, Solutions, Strategies, & Technology, Tracking, Tracking Services, Tracking Systems

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