S7 Airlines and Alfa-Bank pilot the first Russian blockchain Letter of Credit transaction

S7 Airlines and Alfa-Bank pilot the first Russian blockchain Letter of Credit transaction

Two Russian companies, S7 Airlines, and Alfa-Bank, have successfully closed a deal using a smart contract to settle and record a Letter of Credit (LoC) on a blockchain. A Deloitte in Russia provided legal support to the project. KEYWORD:Skuchain SOURCE:Brave New Coin

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