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Russia’s Sberbank and S7 Airlines to sell flight tickets for tokens

Russian enterprises get deeper into blockchain. Sberbank, the largest state-owned bank in Russia, is working with a major domestic airline company to introduce a blockchain-based ticket sale system.Russia’s largest bank is reportedly collaborating with S7 Airlines on a new ticket sale platform that will enable corporate clients with instant settlement through smart contracts and tokens.According to an Aug. 26 report by local newspaper Kommersant, the new system is planned to roll out in September 2020. This would be the first time virtual tokens are used for payment and settlement in Russia, the report notes.As reported, the new system is only…

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