Singapore Airlines Is Adopting Blockchain

Singapore Airlines Is Adopting Blockchain

It seems like airline operators are embracing the blockchain technologies. It has been already 3 years since LOT Polish Airlines first began accepting bitcoin payments; Japan’s Peach Aviation followed the trend last year and also accept cryptocurrencies as official payment options. Last week we informed you that you could shop in stores in the terminals of Brisbane Airport and pay with crypto coins.

Microsofts Coco Framework To Speed Up Blockchain Adoption
BankChains Partners With Microsoft On Azure Blockchain
All You Need To Know About Stratis

It seems like airline operators are embracing the blockchain technologies. It has been already 3 years since LOT Polish Airlines first began accepting bitcoin payments; Japan’s Peach Aviation followed the trend last year and also accept cryptocurrencies as official payment options. Last week we informed you that you could shop in stores in the terminals of Brisbane Airport and pay with crypto coins.

But probably the blockchain that enjoys the most appreciation from airlines is the Ethereum public network. The Russian Airline S7 uses its blockchain to sell tickets while the French insurance firm AXA utilizes the ethereum blockchain to automatically pay compensations to air travelers. In the meantime, Air New Zealand and Lufthansa are heavily investing in blockchain startups thus revealing their desire to join the party.

The last company that is embracing the change is Singapore Airlines. Many of you, who are familiar with it, know that it is one of the biggest airline operators in Asia. The company is on the verge of launching a blockchain wallet for its most regular travelers.

The ambitious move is set to motivate loyal frequent flyers to further use Singapore Airlines. The participants of the KrisFlyer loyal program would have the opportunity to benefit from the blockchain-based wallet. The wallet app would ease purchases in retail partners who take part in the pilot.

Singapore Airlines is developing its own distributed ledger technology in cooperation with software giant Microsoft. Unfortunately, not much detail is disclosed as of writing. However, a proof-of-concept trial has been successfully deployed in KPMG’s Digital Village in Singapore.

Singapore itself often serves as a main transit hub in Asia and the current move by Singapore Airlines proves that blockchain technologies have numerous applications. Furthermore, the airline operator is renowned and its name can really boost the trust in distributed ledgers.

Goh Choon Phong, CEO, states that the company is willing to be on the top and satisfy its customers’ demands. This is why the new digital wallet is so important. It doesn’t only keep Singapore Airlines technology up to date but also shows that the airline operator is investing in its clients’ comfort.

COMMENTS

WORDPRESS: 0