Rent 24: The industry digital platform for calculations in the field of housing and public utilities

2019: Start blockchain service of accounting and distribution of utility payments

On February 6, 2019 the company "Rent 24" announced creation together with Alfa-Bank service of the industry digital platform of calculations in the field of HOUSING AND PUBLIC UTILITIES on a basis blockchain- platforms R3 Cord. Service provides transparency of calculations, trust of participants to information on payment, reduction of receivables, increase in collecting of payments.

With introduction in 2018 of direct agreements between the resource supplying organizations and the population payers began to face numerous difficulties because of need to pay 6 – 8 separate receipts and to visit subscriber departments of the different organizations for the solution of the same questions. Participants of calculations are not ready issue the uniform payment document, convenient for inhabitants, because of mistrust to each other and to process of receipt and distribution of money, lack of an opportunity to completely control the movement of the money. When the uniform settlement center issuing the uniform payment document and accumulating all financial flows from the population becomes the central link in the scheme, the question of transparency of calculations and trust between participants only becomes aggravated. Permanent increase in debt of the population to suppliers of resources and also the growing operating costs of representatives of housing sector of work with the population, including on debt collection is a consequence of these problems. All this, finally, develops into increase in rates for deliverable resources. Besides, bodies of a social security often cannot pay subsidies for payments of housing and public utilities in time — data on privileges are delivered by the different organizations in different formats, noted in "the Rent 24".

According to developers, the industry digital platform solves a problem of lack of transparency of payments, operational, reliable information exchange and trust between participants of processes of housing sector.

"The industry platform brings complete transparency of calculations for utilities. It guarantees to participants of calculations that money will not be delayed on checking accounts of intermediaries, and will become available to suppliers of housing and communal services daily and in full". Evgeny Zhilov, head of department of settlement business of the block "Corporate investment bank" of Alfa-Bank

According to the statement of the developer, instant and automatic distribution of the payments accepted according to the uniform payment document (UPD) on final receivers ('splitting') on the party of bank with the same principles - reliability and the invariance became possible. All users of the industry platform in real time obtain reliable and unchangeable information from the distributed register about what payer when and for what made payment. Thanks to it suppliers of utilities and resources have an opportunity together with management companies to work with the debt of the population, and bodies of a social security correctly and to timely charge subsidies.

As noted in "the Rent 24", important feature of the project is simplicity and low cost of connection and work with a system. The R3 Corda blockchain platform with the open code is its cornerstone, at the same time participants of calculations do not need to pass to the new software, it is enough to configure sending and obtaining messages to the distributed register.

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