In keeping with a current announcement on X, TravelX, an organization that makes use of blockchain to assist airways increase their retailing skills, has partnered with Viva Aerobus, a Mexican airline large, to transform tickets into digital property utilizing the Algorand blockchain.
Congratulations to @travelx__ on their partnership with @VivaAerobus, a number one inexperienced airline based mostly in Mexico! They are going to be working collectively to transform tickets into digital property on the #Algorand Blockchain ✈️ https://t.co/LktifDt8rA
— Algorand Applied sciences (@Algorand) December 28, 2023
TravelX’s partnership with Viva Aerobus
It is very important know that passengers who buy airline tickets can convert them into digital property. In keeping with the announcement, there shall be sensible buyback and sensible flight swap for air tickets.
TravelX additionally said that through this partnership, Viva Aerobus is on the forefront of remodeling airline stock administration on the Algorand blockchain community. As well as, the partnership is predicted to supply income alternatives and modern use-cases for purchasers of Viva Aerobus.
Different endeavors to foster blockchain adoption within the airline trade
This isn’t the primary time TravelX has partnered with airline firms to advertise the adoption of blockchain know-how. In April of this yr, TravelX partnered with airline Flybondi to introduce e-tickets as non-fungible tokens (NFTs) by a collaboration with an NFT ticketing firm.
The NFT model of the ticket permits passengers to change the identify on the ticket, switch it, or promote it. The NFT ticket know-how is constructed on the Algorand blockchain and demonstrates Flybondi’s dedication to innovation and offering the absolute best expertise to its prospects. Flybondi CEO Mauricio Sana said, “We’re excited to be on the forefront of this alteration within the journey trade.”
Final yr, TravelX partnered with Air Europa to launch the world’s first NFT flight ticket collection, referred to as NFTickets. Those that bought NFTickets got unique entry to an Air Europa flight to Miami Seaside on the finish of November. As well as, they have been entitled to sure perks and occasions main as much as Artwork Basel, which is scheduled to happen in Miami Seaside in December.
NFT flight tickets are the most recent addition to the checklist of travel-related actions that make the most of blockchain know-how. In January, Travala, a number one crypto-native journey reserving service, launched an NFT-based journey rewards program. Across the similar time, LynKey, a Singapore-based firm, introduced an NFT-based platform that permits resorts and accommodations to tokenize all facets of property growth, together with purchases, leases, land use, and associated tourism leisure, into a world blockchain-powered ecosystem.
