News Singapore Airlines to Launch Blockchain-Based Loyalty Wallet - CoinDesk

Singapore Airlines to Launch Blockchain-Based Loyalty Wallet – CoinDesk

-

- Advertisment -

Singapore’s largest airline operator is turning to blockchain technology to boost spending of its loyalty program miles.

In an announcement on Feb. 5, Singapore Airlines (SIA) said it will launch a digital wallet for its frequent-flyer KrisFlyer program in six months that will be powered by a private blockchain.

According to the airline, the blockchain-based wallet will enable members of the program to spend their air miles at retail partners for point-of-sale transactions.

The company said the initiative comes about after a successful proof-of-concept trial in partnership with KPMG and Microsoft, and is currently signing up retail merchants – initially in Singapore –  to join the blockchain-based service.

The new project is the latest instance where blockchain technology is being adopted by airline and airport operators to enhance their operations.

As reported previously, Australia’s Brisbane airport is rolling out bitcoin payments across some terminal shopping and dining facilities.

While U.S. airline Surf Air has announced plans to accept cryptocurrencies for ticket payments, and Russian airline S7 is reportedly exploring blockchain technology for the issuing of flight tickets.

Singapore Airlines image via Shutterstock


The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Have breaking news or a story tip to send to our journalists? Contact us at news@coindesk.com.

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

GoCrypto presents truly contactless payments with a simple solution for merchants and buyers

7 April 2020 — The recent events have rapidly changed the way we live, including our shopping...

Bitcoin SV has found a new niche in the gaming industry

Gaming companies and online casinos are increasingly paying attention to cryptocurrencies as a possible payment tool. Several...

Why could GLBrain become a great solution to receive support during the crisis?

To support smaller and medium-sized businesses during the ongoing crisis, GLBrain offers services cost-free for all Austrians....

Make Fast and Secure Trades Using Bitengo.io

Bitengo.io is a Cryptocurrency trading platform that allows users to buy and sell their Cryptocurrency in a...
- Advertisement -Singapore Airlines to Launch Blockchain-Based Loyalty Wallet - CoinDesk

Network Security Using Cryptography: Everything you need to know

This article will describe what is Network Security Using Cryptography and everything you need to know before...

Mercuriex Cryptocurrency Exchange Launches New Utility Token, SURF

MercuriEx Cryptocurrency Exchange, originally developed in 2017, came under new ownership in December 2019. Since taking over the exchange,...

Must read

- Advertisement -

You might also likeRELATED
Recommended to you