Translartion. Region: Russians Fedetion –
Source: Moscow Metro
Moscow continues to set new standards in transport innovation: the first autonomous tram is now insured using a smart contract. This event was the first in Russia and was made possible by a tripartite agreement between the Moscow Metro, VTB Bank and SOGAZ Insurance.
Maxim Liksutov said that the introduction of smart contract technology into urban transport insurance increases transparency, efficiency and safety. The system will allow future transactions to be carried out in digital rubles, which is in line with Moscow’s broader commitment to technological progress.
Key benefits of smart contracts in transport insurance:
Transparent execution and automation
Elimination of human factor
Full control over the targeted distribution of funds
“A smart contract is a self-executing algorithm that ensures the fulfillment of all contractual obligations. This agreement became possible thanks to the cooperation of Moscow Mayor Sergei Sobyanin and the First Deputy Chairman of the Central Bank of the Russian Federation. By automating document flow, we will be able to speed up the execution of contracts and insurance payments,” said Maxim Liksutov.
The development of autonomous transport in Moscow is ensured by the Autonomous Transport Research and Development Centre – a centre for advanced technological achievements. Situated on the territory of the Moscow Advanced Development Centre in the Kuntsevo district, it was ceremoniously opened by Mayor Sergei Sobyanin in May last year.
The center is equipped with:
Modern laboratory for testing autopilot systems
High-performance servers for simulating trump behavior and training neural networks
3D printer for creating prototypes of sensor mounts and other components.
The center’s specialists, many of whom work for leading Russian and international companies, are developing software for autonomous transport in Moscow. Thanks to their work, the first autonomous tram in Russia has already been successfully launched.
“This is a unique development for Europe, and it is entirely owned by the Moscow government. We continue to lead in the field of transport technologies, implementing intelligent solutions that increase efficiency and convenience for passengers,” added Maxim Liksutov.