Hotel Caesars Bluewaters Dubai is rolling out a blockchain-based payment solution which will allow its staff to pay for their allowances using a digital wallet.
The hotel has selected the Lucid Pay solutions, from Liquid-D, to equip staff with a digital payment solution that allows them to use their allowances at the hotel's F&B and entertainment outlets, ITP.net reports.
The smart platform is integrated to streamline the staff allowances and discounts within the resort in an efficient, secure and effortless manner. The platform uses smart wallets and smart contracts which allows the hotel to pre-define terms and conditions to each employee's wallet, enabling frictionless transactions at outlets.
Lucid Pay infrastructure integrates seamlessly into hotels' POS and PMS systems including Oracle Simphony, and Opera. Lucid Pay Wallet supports iOS and Android.
Jejin Joseph, Head of IT Infrastructure said: "Lucid Pay was the right choice due to its seamless integration with Simphony and Opera. No additional hardware was needed. It is very easy to setup and use and requires minimal training for the existing staff.
"Being a Blockchain-based solution we are provided with a transparent, tamper free, immutable ledger for our employees' allowance and discount program. The back-office automation provided by LucidPay removes the burden of repetitive tasks from the finance team."
The hotel is the second in Dubai to deploy the solution, after Atlantis announced it is using it for guest payments.
Jawad Riachi, founder of Dubai-based Liquid-D said: "We are happy that our clients value the platform and realize its potential in terms of functionality, speed, effectiveness and ROI. We continue to focus on ensuring the product is easy to use and implement, with a convenient learning curve and minimal intrusion. We have added many new features to version 2.0 which add more flexibility, power and deeper integration into the existing hotel systems."For all the latest banking and finance news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.