Worldâs First Blockchain Instant Aviation Fuel Payment Solution Approved For Launch Date
25/05/2021
Gazprom Neft’s SmartFuel, the world’s first blockchain solution for instant aviation ‘into-the-wing’ refuelling payments, has been approved for its full market launch after securing registration from the Russian Federation.
The new technology, which cuts the transaction time between a jet fuel supplier and an airline from four to five days to just 15 seconds, has been registered in the Software Register of the Ministry of Digital Development, Communications and Mass Media of the Russian Federation clearing it for wide distribution.
SmartFuel enables refuelling requests, payment, and the exchange of accounting documents to be carried out via applications installed on tablets held by pilots and refuelling operators.