Orlan Holding, in partnership with Alfa-Bank and S7 Techlab, has launched a blockchain platform for participants in the construction market. ForkLog was told by company representatives.
Orlan System helps businesses and individual entrepreneurs find reliable partners for the procurement of construction materials and services.
The platform was developed by Orlan. Alfa-Bank and S7 Techlab created a payment solution on the blockchain.
“After payment, the buyer’s money is held in a secure account. When the deal closes, they automatically go to the seller. If there are more or fewer goods, the platform will recalculate automatically. Such a process is safe and saves resources for all participants,” said Denis Dodon, director of the Alfa-Bank Innovation Centre.
Orlan System also offers services to optimise business processes, electronic document management, support in disputes, and information on legislative changes and market trends.
In 2017, Alfa-Bank, together with S7, launched a blockchain platform for selling airline tickets. Transactions on it are carried out via smart contracts. In 2019, the airline announced a substantial growth in ticket sales thanks to the platform.
In December 2020, Alfa-Bank developed corporate service, which enables automating work with the self-employed.
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