Home News Gazprom Neft has tested blockchain technology during cargo delivery to Pechora Sea

Gazprom Neft has tested blockchain technology during cargo delivery to Pechora Sea

Gazprom Neft, the Russia’s largest oil and gas company, has tested the distributed ledger technology in logistics. As reported by the company’s press office, the technology was applied to the shipment of pipeline valves from Veliky Novgorod to Prirazlomnaya offshore platform in the Pechora Sea. The cargo was fitted with radio-frequency identification (RFID) marks and a GPS-sensor.

As noted by the company’s representatives, “During the ex-works shipping phase in Veliky Novgorod the shipment data file was drawn up upon reading out RFID marks. GPS-sensor enabled us to manage the process of cargo movement to the storage facilities in Murmansk by controlling both its speed, and the number and duration of stopovers along the transportation route.”

All the information concerning the shipment of cargo to the storage facilities, its movement to the berth and delivery to the final destination was being communicated by the same means.

“Blockchain technology ensured the merging of physical cargo shipment with related document circulation and other accompanying processes, while providing all the parties involved with the access to reliable information in encrypted form,” – the company’s representative noted.

Back in early January, Chinese company Shandong Bohi Industry was the first one to apply a blockchain platform in selling a batch of soybeans to USA-based Louis Dreyfus agricultural enterprise.