MSC NewsWire

Founded by Max Farndale 1947 - 2018
Thursday, 07 July 2022 16:13
  • Home
    • About Us
    • Pricing
    • Global Presswire
    • Industry Organisations
  • News Sectors
    • Headlines Through Today
    • Environmental Talk
    • Out of The Beehive
    • Primary Sector Talk
    • Reporters Desk
    • The MSC NewsReel
    • MSCNetwork
    • FinTech Talk
    • The FactoryFloor Newsreel
    • Trade Talk
    • News Talk
    • Industry Talk
    • Technology Talk
    • Blockchain
    • Highlighted
    • The TravelDesk
      • TravelMedia
      • Sporting Tours
      • Holidays Tours Events + More
      • Airfares
      • Travel Enquiry Form
      • TravelBits
    • Travel Updates
    • The MSC TravelDesk Newsreel
    • Travel Talk
    • Travel Time
    • The Bottom Line
    • Regional News
    • News to Run Advice Form
    • World News
    • NewsDIRECT
    • MSCVoxPops
    • Press Releases
  • National Press Club
  • Contact Us

Singapore Airlines Will Launch a Blockchain Loyalty Wallet App for Frequent Flyers

  • font size decrease font size decrease font size increase font size increase font size
  • Print
  • Email
Singapore Airlines Will Launch a Blockchain Loyalty Wallet App for Frequent Flyers

Feb 07, 2018  -  Singapore Airlines, one of the world’s leading airline operators, is set to launch a blockchain-based loyalty wallet to enhance and further frequent flyers’ spending of accumulated air miles.

Singapore Airlines (SIA), has announced its plan to launch a loyalty digital wallet based on blockchain technology for its KrisFlyer frequent-flyer program, enabling travelers to easily spend their air miles at retail partners. The application will help with ‘everyday spending’ of passengers’ digital KrisFlyer miles in ‘point-of-sale transactions at participating retail merchants,’ the announcement added.

While details are scarce, SIA will deploy its own private blockchain that sees participating merchants and partners for the digital loyalty program. The airline operator confirmed a successful deployment of the application in a proof-of-concept trial in collaboration technology partner Microsoft and testing base KPMG’s Digital Village in Singapore.

The endeavor is a notable endorsement of blockchain technology by one of the world’s most popular and highly-rated airline operators – also Singapore’s national airline – in a country that commonly serves as a major transit hub in Asia.

Laying claim to launching the ‘world’s first blockchain-based airline loyalty digital wallet’, Singapore Airlines CEO Goh Choon Phong stated:

“This groundbreaking development in which we will be using blockchain technology to ‘digitalise’ KrisFlyer miles is a demonstration of the investment we are making to significantly enhance the digital side of our business for the benefit of our customers.”

The application is expected to roll out for customers in about six months. Singapore Airlines is currently roping in retail merchant partners, initially in Singapore, for its blockchain wallet air miles program.

Singapore Airlines’ initiative to foray into the blockchain space joins a number of other airlines and airports in the aviation industry to embrace cryptocurrencies and blockchain technology. Last month, Brisbane international airport began accepting cryptocurrencies like bitcoin at retail stores within its terminals. A Polish airline began accepting bitcoin as early as mid-2015 while Peach Aviation became Japan’s first airline to accept the cryptocurrency last year.

In other use cases, Russian airline S7 began using the Ethereum blockchain to sell flight tickets last year whereas Air New Zealand confirmed its research into using the public Ethereum blockchain for “a number of potential use cases.” French insurance giant AXA also began using Ethereum’s public blockchain to automate compensation for air travelers as a part of its flight delay insurance offering.

Elsewhere, German airline giant Lufthansa invested in a Swiss blockchain startup through an ICO last year, revealing its intent to plug in to a B2B blockchain marketplace, also based on a public Ethereum blockchain.

Source: CCN   ||  February 06, 2018   |||

Published in Blockchain Talk
Tagged under
  • crypto currency
  • blockchain
  • airlines
  • the msc newsreel
  • travel updates

Related items

  • Australasian Plastics Manufacturer to Build Its First U.S. Plant
  • Canada: the ideal North American launchpad for your tech business
  • Trade scholarships available for 2019
  • Turning brain scanning on its head with smaller MRIs
  • Fly + Cruise Alaska - Family Package
More in this category: « Can an Entire City Run on the Blockchain? Witnessing the Birth of the Decentralized Age »
back to top
Jun 11, 2018

Emirates celebrates inaugural flight to London Stansted

in Airline Updates
May 25, 2018

Qatar Airways begins service to second London gateway

in Airline Updates
May 03, 2018

Qantas Boeing 747 jumbo jets to retire by 2021 as it orders more 787 Dreamliners

in Airline Updates
May 17, 2018

Business class: The high stakes relaunch for Air New Zealand

in Airline Updates
Mar 20, 2018

First flight for Boeing 737 MAX 7

in TRAVEL
May 14, 2018

Air Canada Cares – Making Economy A Little More Special

in Airline Updates
Apr 10, 2018

SIA to again increase Christchurch flights over peak period

in Airline Updates
May 03, 2018

Singapore Airlines begins Wellington service via Melbourne

in Airline Updates

MSC NewsWire is a gathering place for information on the productive sector in New Zealand focusing on Manufacturing, Productive Engineering and Process Manufacturing

  • Home
  • Global Presswire
  • Industry Organisations
  • National Press Club
  • Disclaimer
  • About Us
  • Pricing
  • Sitemap
Copyright © 2022 MSC NewsWire. All Rights Reserved.
Site Built & Hosted by iSystems Limited
Top
Home