Singapore Airlines (SIA) has launched its own airline loyalty digital wallet that uses blockchain technology, it announced July 24.
The software has been co-developed by Microsoft and KPMG Digital Village, according to the press release.
The new wallet — dubbed ‘KrisPay’ after SIA’s ‘KrisFlyer’ loyalty programme — converts frequent flyer miles into digitized ‘KrisPay miles’ that can be used to pay for retail purchases via a mobile app.
As Cointelegraph reported, SIA first successfully tested the proof-of-concept for its blockchain-based loyalty wallet back in February.
U.S. tech giant Microsoft, meanwhile, has been steadily investing in blockchain technology, with early moves to implement an off-chain Ethereum-based protocol by its cloud computing arm, Microsoft Azure, in summer of last year.
Singapore Airlines launched a digital wallet to let users convert airmiles to KrisPay miles, which can be used to pay for goods and services at partner merchants.
The KrisPay blockchain-based digital wallet was officially launched by Singapore Airlines on Tuesday. The firm claims KrisPay is the world’s first blockchain-based airline loyalty digital wallet.
Singapore Airlines has announced the launch of an airline loyalty digital wallet that uses blockchain technology co-developed by Microsoft and KPMG Digital Village
VegaWallet will introduce a complete point of sale system and payment processor for in person or online business use. The point of sale system also utilizes our VGW loyalty and rewards system. The wallet will also be updated to include VegaPay, our mobile payment application. Allowing you to pay with crypto anywhere.
Blockchain startup Gabrotech poises to disrupt the loyalty and rewards industry with a decentralized personalized reward programme through its multi cryptocurrency wallet and crypto debit card.
The post Gabrotech Radically Changes the Faulty Loyalty and Rewards Program Industry appeared first on CoinSpeaker.
Turbulent skies for Boeing up ahead. Singapore Airlines is reportedly grounding a pair of Boeing planes in response to faulty engines. Boeing Groundings Extend to 787 Dreamliner Line The problem stems back to engine blades made by UK-based Rolls Royce and used in Boeing’s 787-10 Dreamliner aircraft, the Trent 1000 TEN.
The KrisPay blockchain-based digital wallet was officially launched by Singapore Airlines on Tuesday. The firm claims KrisPay is the world’s first blockchain-based airline loyalty digital wallet.
