Utair connected to blockchain calculations

2021: Connection to Smart Fuel blockchain platform

Raiffeisen Bank connected Utair to the Smart Fuel blockchain platform. This was announced by the bank on January 12, 2022. The Smart Fuel platform is a digital system that allows you to instantly refuel and pay for refueling aircraft. Due to the connection to the blockchain platform, the time of mutual settlements between the fuel operator and the airline was reduced from 4-5 days to 15 seconds. The Smart Fuel platform helps ensure the complete automation of settlements between the Gazprom-Aero operator, Raiffeisen Bank and Utair Airlines in 24 × 7 mode.

Blockchain platform integrated payment services with Raiffeisen Bank and the ERP airline system. Information from the Smart Fuel system is transferred to the airline's electronic flight mission and digital accounting system aircraft fuel at fuel tankers. Thanks to this, the filling and exchange process data is fully automated.

In the summer, Utair first used Smart Fuel at the Novosibirsk airport, and in the fall began refueling aircraft using a digital platform in Saratov. We plan to gradually start using blockchain technology in all major cities of the airline's presence, "said Oleg Semenov, president of Utair - Passenger Airlines.

We see the demand from airlines for the introduction of digital services that increase the efficiency of refueling aircraft. Using our blockchain platform, more than 6 thousand tons of aircraft fuel have already been sold. These are over a thousand three hundred regular flights, including the flights of our strategic partner, Utair Airlines, "said Vladimir Egorov, CEO of Gazpromneft-Aero. - We plan to develop the functionality of smart contracts and user applications for pilots. And they are ready to scale the Smart Fuel platform, actively introducing blockchain calculations at international airports in Russia.

For integration projects that increase the speed and transparency of payment processes, the future. The solution, implemented together with our experts, allows Russian airlines to automate the process of refueling and data exchange, and as a result, the speed and quality of passenger service, "commented Dmitry Sredin, Managing Director, Head of Large Companies and Investment Banking Products Management at Raiffeisen Bank. - We are proud of the confidence of Utair, for which we are a long-term partner in complex projects and solutions.