Obuv Rossii introduced a blockchain to manage the company's financial services
28.05.2018 2426

Obuv Rossii introduced a blockchain to manage the company's financial services

Obuv Rossii GC completed a project to introduce blockchain into its IT systems for managing financial services projects of the company - providing installment payments for the purchase of shoes and cash loans. The goal is to ensure the safety of personal data and all information about transactions under contracts with customers. The base of such customers totals more than 1,2 million people, the group said in a press release.

Blockchain is a company’s own development, fully adapted to the group’s IT systems and integrated with the Shoe of Russia ERP system based on 1С.

“Blockchain is necessary for managing interactions with customers who use additional services of the group. These are regular customers with whom we have a long history of cooperation. Currently, the base of such customers totals more than 1,2 million people. The popularity of additional services is growing: according to the results of 2017, the installment portfolio in our company grew by 20,7% and amounted to 3,24 billion rubles. The key task of blockchain technology is to preserve the entire history of interaction with our customers, namely: personal data, information about mutual obligations, payments, etc., ”commented Dmitry Karpenko, IT director of Obuv Rossii GC.  

The implementation of the blockchain will ensure the security, reliability, relevance and reliability of information on all transactions (contracts) and exclude the possibility of any unauthorized changes.

Additional financial series “Shoes Russia” is developing in parallel with the retail business. In such circumstances, one of the main tasks is to provide local control, automate business processes as much as possible, guarantee the safety of information and exclude the possibility of any unauthorized changes.

All data on customer interactions are encrypted and distributed in three data centers of the company - in Novosibirsk (central data center), Khabarovsk and Moscow (the latter was created this spring). The group uses a two-level encryption system: first, each contract is assigned a unique key (hash), and then the contracts executed during the day are combined into blocks and also encrypted. Each hash of the contract and block contains a link to the previous block or contract. This ensures the safety of information and the integrity of the system.

Having gained successful experience in implementing blockchain in the field of financial services management, security and information protection, Obuv Rossii considers other areas of application. Now he is analyzing the possibilities of using blockchain technology in accounting and CRM (loyalty system).

GC "Shoes of Russia" founded in 2003 year, has a headquarters in Novosibirsk and an office in Moscow. Engaged in the production and sale of footwear and related products. The company operates 584 stores (113 operate on a franchise) under the brands Westfalika (single-brand shoe store), Pedestrian (multi-brand shoe supermarket), Rossita (a family-friendly store), Emilia Estra and Lisette (fashion shoe stores), and also develops brands of shoes and clothes for an active lifestyle S-tep, All.go and Snow Guard and owns two shoe factories in the Novosibirsk region.

In October 2017 of the year, Obuv Rossii raised 5,9 billion rubles during an IPO on the Moscow Exchange (OBUV ticker), the issuer is PJSC OR, becoming the first public company in the Russian shoe and fashion market.

In accordance with the audited financial results of the Group according to IFRS, in 2017 the revenue amounted to 10,801 billion rubles, net profit - 1,31 billion rubles, EBITDA - 2,74 billion rubles.

Obuv Rossii GC completed a project to introduce blockchain into its IT systems for managing financial services projects of the company - providing installment payments for the purchase of shoes and cash ...
5
1
Rating

Latest News

Trade will not be able to operate under the simplified tax system

Following a meeting with members of Delovaya Rossiya, Russian President Vladimir Putin instructed the Government to draft a bill on the parameters for applying the simplified tax system and the gradual abolition of this tax system. The abolition of the special regime will affect those who…
15.07.2025 39

Roger Vivier has chosen Chinese actor Tang Jianqi as its ambassador

French luxury brand Roger Vivier has chosen a new ambassador, popular Chinese actor Tang Jianqi. The announcement of the new brand ambassador is accompanied by the launch of an advertising campaign in which Tang shows…
15.07.2025 41

US threatens to impose 30% tariffs on EU and Mexican goods

Last Saturday, US President Donald Trump sent letters to the European Union (EU) and Mexico threatening to impose 30% tariffs on their goods from 1…
15.07.2025 65

Louis Vuitton Launches Campaign Featuring Emma Stone and Hyoyeon Jung

Movie stars Emma Stone and Hyoyeon Jung star in Louis Vuitton's fall 2025 campaign. Shot by American photographer Ethan James Green, the ad showcases the brand's new Express bag, which is currently being used by…
14.07.2025 223

US May Impose 50% Tariff on Brazilian Exports

The US threat to impose a 50 percent tariff on Brazilian imports from August 1 is putting pressure on shoe companies that produce shoes in Brazil, writes…
11.07.2025 449
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning