Dubai's Atlantis, The Palm resort has launched a blockchain-based payment solution for its guests, ITP.net reported.

The resort has rolled out the “Lucid Pay” smart settlement, which will allow guests to make payments for services, activities and amenities in a secure and simple manner.

The guests arriving at the resort would be given either a wristband or a digital wallet to charge all their services during their stay. The wristbands could be recharged through the wallet application, which is available for iOS and Android, or through charging stations at the resort.

Lucid Pay will record the details of every transaction, allowing both parties to view the details in the event of any dispute. This would also help in fighting fraud.

In order to enable integration with billing, the blockchain solution is fully integrated with the resort's existing payment and point-of-sales systems, Micros Symphony and Micros Opera. It will also be able to support loyalty applications.

"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,” Anthony Lynsdale, Vice President, Information Technology, Atlantis, The Palm, Dubai said.

Going forward, the resort plans to extend the payment system to third-parties, to enable guests to pay for events and services at other venues and charge them to their hotel bill.