Singapore Airlines planning to launch blockchain-based KrisFlyer digital wallet that will enable frequent-flyer program members to spend miles on partner stores

Briefing

February 6, 2018

Briefing	Blockchain-Based KrisFlyer – Singapore Airlines announced plans to enhance frequent-flyer program, KrisFlyer, by providing digital wallet capability using private blockchain technology by August 2018 Miles as Digital Currency – Members will be able to download digital wallet app, which can be used to spend KrisFlyer miles on partner merchants’ stores Proof of Concept – Successful initial testing conducted with KPMG Digital Village and Microsoft, with next steps focused on merchant sign-ups, initially for those based in Singapore Expected Benefits – Improve customer experience, bring more choices, and remain competitive in airline industry
Accelerator	Web3 Ecosystems, Tokens and Consensus Mechanisms
Market Disruption	New Payment Technologies
Business Model and Practices Business Model and Practices	Data, Interfaces and Algorithms, Deeper Customer Relationships
Sector	Accommodation and Travel
Organization	KPMG, Microsoft Corp., Singapore Airlines Limited
Source	"KrisFlyer to launch world's first blockchain-based airline loyalty digital wallet," Singapore Airlines, http://www.singaporeair.com/; "Singapore Airlines plans blockchain tech for frequent flyer spending," Reuters, http://www.reuters.com/; AcceleratingBiz analysis
Original Publication Date	February 5, 2018

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