The Singapore Airlines Group’s KrisFlyer frequent flyer programme will launch the world’s first blockchain-based airline loyalty digital wallet, which will help unlock the value of KrisFlyer miles to enable everyday spending at retail partners. A new KrisFlyer digital wallet app utilising this blockchain technology is expected to be rolled out in about six months. This will allow KrisFlyer members to use their miles for point-of-sale transactions at participating retail merchants. KrisFlyer is currently signing up retail merchant partners in the Singapore market, for a start.
This article was originally published by Singapore Press Holdings.