aviation

I wish the airlines would just tokenize air miles and allow for a secondary market on the blockchain.

Imagine being able to buy and sell $ONEWORLD tokens or swap them for $SKYTEAM for your next redemption booking

PhD in aviation ∩ climate science | Aviator, diver, ETH maxi, nexialist | Host of /diving /ethfinance /eth-staker /geopolitics /science /singapore /thomas

but isnt that exactly why they wouldnt want to implement it? friction means staying in their ecosystem

ex-/airswap. part time node runner, full time shitcaster, all time higher

Yes, of course, plus balance sheet implications since miles are a liability. I’m under no illusion that they’ll start doing it after reading my cast 😅 merely expressing a wish. Unless consumer regulations step in!

They did it to some extent with alliances, though. It used to be than miles were exclusive to airline, now they’re exclusive to a group of airlines. But of course those select each other based on complementarity rather than competition/cannibalization

haha yeah companies have 0 incentive to make loyalty points less sticky. which is why i doubt tokenized vouchers are coming anytime soon