The Cathay Pacific Group and its rewards programme Asia Miles are launching their first application of smart blockchain technology in a marketing campaign, in collaboration with Accenture.
The blockchain tech will be used in the newly launched Asia Miles dining promotion in Hong Kong â€“ Unlock More Miles. Asia Miles members will have miles earned credited to their accounts within the next day. The press release said that “by harnessing blockchain technology, the Cathay Pacific Group and Asia Miles are providing Asia Miles partners a single data source when managing account activity. This allows Asia Miles, partners and members a near real-time ability to manage rewards.”
The app has been designed by Cathay Pacific and Asia Miles, and delivered by Accenture, using a mixture of deep blockchain, loyalty and aviation industry technology expertise.
Cathay Pacific general managerÂ IT Solutions, Lawrence Fong, said: â€śCathay Pacific is committed to benefiting customers through innovation and technology. We are pleased to partner with Accenture and we will continue to leverage its technology to develop more applications that our customers value. As a start, we are very excited by the first offering resulting from our co-operation â€“ the marketing campaign launched by Asia Miles which we expect to be well received. â€ť
Asia Miles Chief Executive Officer, Stephen SY Wong, said: â€śAs Asiaâ€™s leading travel and lifestyle rewards programme, Asia Miles aims at improving member experience with blockchain technology through gamified miles earning and faster miles crediting. Continuing a culture of innovation and adapting new technologies, we are keen to extend this initiative with other marketing campaigns across our partner network in the near future, continuing to bring added values to our members and partners.â€ť
Transaction history will be transparent between Asia Miles and participating dining partners in Hong Kong by sharing the same set of data. Data fulfilment procedures can be automated to drive better efficiency.
â€śBlockchain is helping industries across the globe to transform their workflows, making complicated business processes run more smoothly and efficiently, including enabling quick and seamless transaction settlements,â€ť said Peter Yen, a managing director at Accenture.
As the Cathay Pacific Group actively pursues new technology, the use of blockchain defines the future of business using a transparent and secure transaction database. With Asia Milesâ€™ newly launched â€śUnlock More Milesâ€ť marketing campaign in dining as an example, key stakeholders including members, partners and the company will all benefit in various ways.