TravelX and Viva Aerobus collaborate to digitize airline tickets on the Algorand blockchain
In accordance with a latest announcement on X, TravelX, an organization that makes use of blockchain to assist airways broaden their retailing skills, has partnered with Viva Aerobus, a Mexican airline big, 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
You will need to know that passengers who buy airline tickets can convert them into digital property. In accordance with the announcement, there can be good buyback and good flight swap for air tickets.
TravelX additionally said that by way of this partnership, Viva Aerobus is on the forefront of reworking airline stock administration on the Algorand blockchain community. As well as, the partnership is anticipated to supply income alternatives and modern use-cases for patrons 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 expertise. In April of this yr, TravelX partnered with airline Flybondi to introduce e-tickets as non-fungible tokens (NFTs) via 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 expertise is constructed on the Algorand blockchain and demonstrates Flybondi’s dedication to innovation and offering the very best expertise to its clients. 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 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 newest addition to the checklist 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 resorts to tokenize all points of property growth, together with purchases, leases, land use, and associated tourism leisure, into a world blockchain-powered ecosystem.
