The Novotrans Group of Companies will tansform its business processes and logistics into distributed ledger blockchain technology. The platform will be provided by Universa. This is the first pilot project in the real sector of the economy in the field of rail freight. The company signed a memorandum on cooperation at a press conference of the Russian Investment Forum in Sochi.
Within the framework of cooperation, Novotrans, one of the largest railway rolling stock operators in Russia and the CIS, will digitize the entire car fleet in order to keep a record of the idle times of wagons and spare parts stocks. Also, the Universa Blockchain will be used in intracorporate communications, in particular, in document verification and storage.
“Together with Novotrans, we are adapting new technologies to the systems of accounting for the idle time of cars, stocks of warehouse spare parts, car-repair processes in accordance with the ideology of lean production. “Digitalization” of the rolling stock fleet and the processes associated with the repair of wagons will be carried out. Documentation and business processes in the transport sector due to the technology of the distributed registry will get a significant acceleration, their processing and data handling will be simplified and it will be possible to quickly monitor the actions of all participants in the transportation process, “said Alexander Borodich, the founder of the Universa Foundation.
Complete transition of the Novotrans systems to a blockchain can take a maximum of about a year. The process was launched immediately after the signing of the bilateral memorandum.