The Singapore Airlines (SIA) Group says its KrisFlyer programme will launch the world’s first blockchain-based digital wallet for frequent flyers.
Scheduled for rollout in about six months, the app will allow KrisFlyer members to use digital KrisFlyer miles for point-of-sale transactions at participating retail merchants.
The digital wallet app will be enabled through blockchain technology, using an SIA-owned private blockchain involving only merchants and partners.
The group says it has seen success in its proof-of-concept exercise carried out in collaboration with KPMG Digital Village and Microsoft. It will go on to sign new retail merchant partners for KrisFlyer, initially in the Singapore market.