In keeping with a current announcement on X, TravelX, an organization that makes use of blockchain to assist airways develop their retailing skills, has partnered with Viva Aerobus, a Mexican airline large, to transform tickets into digital belongings utilizing the Algorand blockchain.
Congratulations to @travelx__ on their partnership with @VivaAerobus, a number one inexperienced airline primarily based in Mexico! They are going to be working collectively to transform tickets into digital belongings 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 belongings. In keeping with the announcement, there shall be good buyback and good flight swap for air tickets.
TravelX additionally acknowledged that by way of 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 offer income alternatives and modern use-cases for purchasers of Viva Aerobus.
Different endeavors to foster blockchain adoption within the airline business
This isn’t the primary time TravelX has partnered with airline corporations to advertise the adoption of blockchain expertise. In April of this yr, TravelX partnered with airline Flybondi to introduce e-tickets as non-fungible tokens (NFTs) by means of a collaboration with an NFT ticketing firm.
The NFT model of the ticket permits passengers to switch the title on the ticket, switch it, or promote it. The NFT ticket expertise is constructed on the Algorand blockchain and demonstrates Flybondi’s dedication to innovation and offering the absolute best expertise to its clients. Flybondi CEO Mauricio Sana acknowledged, “We’re excited to be on the forefront of this modification within the journey business.”
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 Seashore 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 Seashore in December.
NFT flight tickets are the most recent addition to the record of travel-related actions that make the most of blockchain expertise. In January, Travala, a number one crypto-native journey reserving service, launched an NFT-based journey rewards program. Across the identical time, LynKey, a Singapore-based firm, introduced an NFT-based platform that enables resorts and accommodations to tokenize all elements of property growth, together with purchases, leases, land use, and associated tourism leisure, into a world blockchain-powered ecosystem.