Friday, September 21, 2018

Tool & Tech


Atlantis adopts blockchain technology
July 2018 493

Lucid pay, a smart settlement platform, has recently integrated blockchain technology into the systems of the iconic five-star Dubai resort Atlantis, The Palm, making it the first for hotels worldwide.

The smart platform enables guests to pay for their activities and amenities in an efficient, secure and effortless manner. The platform also uses smart contracts that allow the hotel to pre-define guests’ terms and refund conditions, enabling stress-free and frictionless transactions.

Commenting on the integration, Liquid D founder Jawad Riachi said, “We’re proud to be able to integrate our blockchain-based smart settlement platform Lucid Pay into a world-class brand such as Atlantis, The Palm, Dubai. I’d like to thank the resorts’ IT team, finance, marketing and operation, who supported the initiative and worked hard to make the project a reality.”

“We have focused on ensuring the product is easy to use, with a convenient learning process. The users immediately feel at home when they use our solution,” added Riachi.

Anthony Lynsdale, vice president, Information Technology, Atlantis The Palm, Dubai said, “We chose Lucid Pay as our partner to deliver a seamless integrated point of sale solution using a blockchain platform. This marks a significant achievement in the hospitality industry and we are proud to be one of the first.”

The cashless-based solution eliminates disputes and fraud, while providing automated loyalty programmes and speedy executions, which hotels can take advantage of.

As a platform, Lucid Pay’s goal is to interconnect the hospitality industry and break physical boundaries, by providing guests with the opportunity to experience the city while charging back to the host and settling their bill at checkout.

"From an operator perspective, time is money and innovation as well as efficiency are key. Hence, the implementation of the cashless payment system increases the convenience for us as cash is no longer physically handled, audit time is spent more effectively, and greater security is guaranteed,” added Helen Woodard, director of Finance, Atlantis The Palm, Dubai.

The new venture is timely with the recent announcement of the Emirates Blockchain Strategy 2021, where at least half of the country’s federal transactions would be powered by blockchain technology by 2021. As the region increasingly continues to move towards adopting blockchain technology in the digital era, it is also said to help the government prepare for future challenges.  




Similar Stories




Digital Edition




©Copyright Al Hilal Group 2017. Designed and Developed by Northstar Technologies.