Singapore Airlines' Loyalty Program to Become Blockchain-based

Loyal clients will get spendable credit

by Marina Ovcharova
05 February • 1 min
In News

Singapore Airlines (SIA), the country’s flag carrier, said on Monday it is working on transforming flight hours into spendable credit, using blockchain technology. In addition, the airline plans to implement blockchain technology into their frequent client program, called KrisFlyer, in about six months.

The company's partners on the project will be the airport stores, which have agreed to participate to enable this type of transactions for SIA's passengers. The airline states that the tests and trials that have been played out in cooperation with KPMG and Microsoft have proven the idea viable. Presently, negotiations with retailers are being held in Singapore.

 

More airlines turn to the blockchain

Singapore Airline's decision comes after several similar projects have been already launched.

Australian airport Brisbane is taking payment in bitcoin for shopping and dining. Two airlines – in the US and in Russia – are adopting the blockchain technology. US Surf Air plans to start accepting cryptocurrencies for ticket purchases, while Russian S7 is working on implementing the blockchain technology to improve their ticket issuing system.