Russian Post deputy director announced the integration of the blockchain technology into its service of parcel tracking. Doing this, the company hopes to restore the trust of the clients.

Russian Post aims at integrating new technologies to stay in the market despite it has already lost its monopoly of data transfer from one point to another, claimed Rodion Shishkov, deputy director of Russian Post while speaking today on the conference at Internet Initiatives Development Fund (IIDF) – business-accelerator for promising Russian startups.

“We want to stay in the market, we want to develop our company and to create new products. If Russian Post did not experiment with new things emerging right now and did not integrate new technologies into its products, it will leave the market.”

One of the first traditional services that will undergo modernization is parcel delivery that is still used as “a means of transportation for goods bought remotely”. And this is where blockchain will help.

According to Shishkov, blockchain’s integration into the service will provide more transparency in Post’s activity and will help to regain their clients’ trust. Despite all innovations that have already made the country’s postal service more efficient and more reliable, the Russian Post’s reputation of a very slow and irreliable institution is not playing into its hands.

The aim of the company was to create a service that would be useful for a new type of consumer – Internet seller and Internet buyer. The platform to improve businesses with sellers was launches “one of the recent days”, told Shishkov.

Russian Post is not the first postal service in the world that shows its interest towards the blockchain technology. As CoinFox reported earlier, the US federal postal agency wants to integrate blockchain to create its own cryptocurrency platform Postcoin. In October 2015 Monetas payment platform signed an agreement with the State Post of Tunisia concerning the development of an electronic payment system in the country.

Anna Lavinskaya