Source: Moscow Metro
Moscow continues to set new standards in transport innovation with the first autonomous tram, now insured using a smart contract. This milestone marks a first in Russia, made possible through a three-party agreement between the Moscow Metro, VTB Bank, and SOGAZ Insurance.
Maksim Liksutov announced that the introduction of smart contract technology in urban transport insurance enhances transparency, efficiency, and security. The system allows for potential future transactions in digital rubles, aligning with Moscow’s broader push for technological advancements.
Key benefits of smart contracts in transport insurance:
Transparent execution and automation
Elimination of human error
Full control over targeted fund allocation
“A smart contract is a self-executing algorithm that ensures all contractual obligations are met. This agreement became possible thanks to a collaboration between Moscow Mayor Sergey Sobyanin and the First Deputy Chairman of the Central Bank of Russia. By automating document workflows, we can accelerate contract execution and insurance settlements,” — said Maksim Liksutov.
Moscow’s push for autonomous transport is driven by the Research and Development Center for Autonomous Transport, a hub for pioneering technological advancements. Located within the Moscow Center for Advanced Development in the Kuntsevo district, the facility was inaugurated by Mayor Sergey Sobyanin in May last year.
The center is equipped with:
A state-of-the-art laboratory for testing autopilot systems
High-performance servers for tram behavior simulations and neural network training
A 3D printer for prototyping sensor mounts and other components
Experts at the center, many with backgrounds in leading Russian and international companies, are developing the software powering Moscow’s autonomous transport. Thanks to their work, the first autonomous tram in Russia has already been successfully launched.
“This is a unique development for Europe, and it belongs entirely to the Moscow Government. We continue to lead in transport technology, integrating smart solutions that enhance efficiency and passenger experience,” — added Maksim Liksutov.