Singapore Airlines will deploy the blockchain in the loyalty program

One of the largest national airline of Singapore, Singapore Airlines, plans to use the technology of the blockchain in their loyalty program for travelers KrisFlyer, giving them a new way to spend miles.

The company said that the application with a digital wallet for loyalty programme KrisFlyer will be launched in about six months.

«I think that we are the first airline that would do something like this,» said Executive Director of Singapore Airlines, Goh Choon Phong (Phong Goh Choon) at the aviation summit in Singapore.

According to the statement, technology Singapore Airlines is a private blockchain of its own design, which involves only partners.

In January, Singapore Airlines stated its intention for several years to invest «hundreds of millions» of dollars in digital technology within a broader transformation that will help the company to stay competitive.

In 2016, the German airline Lufthansa and airline New Zealand Air New Zealand has teamed up with Swiss blockchain startup Winding Tree to create applications based on the technology of distributed registries in the field of tourism.

European travel group TUI has also developed its own blockchain-based system for booking hotels.

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