Singapore Airlines to Launch Blockchain-Based Loyalty Wallet

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Singapore Airlines (SIA), the country’s largest airline operator, has recently confirmed that they are now going to use blockchain technology to boost the spending for their loyalty program miles.

The company revealed their plans to launch a digital wallet for their frequent-flyer KrisFlyler program within the next six months, and will be powered by a private blockchain. This digital wallet will allow their program members to spend air miles at retail partners for point-of-sale transactions.

Currently, the airline is now signing up local retail merchants to join in this new service. The company has reportedly just concluded a successful proof-of-concept trial alongside Microsoft and KPMG.

Singapore Airlines is the latest among global carriers to use blockchain technology for their operations. Previously, the Brisbane airport in Australia had started rolling out bitcoin payments in some of their terminal shopping and dining facilities. Meanwhile, American airline Surf Air has also announced their plans to accept cryptocurrencies for ticket purchases, while S7 from Russia is also reportedly now exploring the same option.

 

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