New technologies, like web3, are presenting businesses with new opportunities for distribution.
A perfect example of this would be airlines, which now have additional channels via which they may sell tickets.
Flybondi LCC, Argentina’s first low-cost carrier and one of the most recent businesses to embrace web3, is also one of the most innovative enterprises.
As a result of Flybondi’s collaboration with TravelX, a blockchain distribution firm that offers online travel services, the company will begin selling tickets in the form of non-fungible tokens (NFTs). (1)
NFT tickets, as Flybondi has indicated, make for “a more flexible travel experience” since they let travelers to make payments in advance even before they have made up their minds regarding the specifics of their trip or the people with whom they would be traveling.
Flybondi CEO Mauricio Sanna remarked:
“With the introduction of this service, we intend to benefit the aviation industry through the application of blockchain technology and other forms of innovation. We firmly think that it is our responsibility to usher in a new era of unrestricted flight.
Flybondi’s NFT tickets, which are sold under the brand name “Tickets 3.0,” can be renamed, moved, and resold.
The entirety of the technology is based on the Algorand (ALGO) blockchain, which provides a wide variety of safe, effective, and scalable applications.
According to Staci Warden, Chief Executive Officer of the Algorand Foundation:
“It makes us incredibly happy to see that TravelX is innovatively employing our technology. This most certainly represents the largest use-case of utility NFTs that we have seen, and it’s a scenario that could only occur with the stability and scalability of the Algorand network.”
On the Flybondi website, travelers can use fiat currency to purchase travel tickets for their upcoming trips. The next step is for TravelX to produce a synchronized NFT ticket and the standard e-ticket.
In addition, travelers have the option of creating a Ticket 3.0 account on Flybondi in order to manage and store their NFTs.
Interestingly, the organization has already incorporated ticket-related restrictions and norms into the smart contract.
TravelX Will transform the Travel Experience
TravelX’s mission is to assist airlines in automating their revenue generation and business operations by distributing tickets in the form of NFT tickets, which provide customers with a significantly increased sense of ownership over their purchases.
Customers are given the ability to transfer, rename, or resell their tickets, and at the same time, a transparent, safe, and efficient distribution mechanism is made available to airlines.
To put it another way, NFticket is an entirely automated tool that allows clients to do crucial procedures in their wallets on their own.
This has a significant impact on the level of satisfaction provided to customers and also leads to a reduction in the operational costs incurred by the airline.
Air Europa, the third-largest airline in Spain, was the first airline operator to produce a series of non-traditional flight tickets (NFT).
Significantly, TravelX and Air Europa collaborated to host a live auction in Paris, during which they sold their very first NFTicket for as much as one million dollars.
The availability of airline tickets has been steadily increasing year after year thanks to the development of new technologies and systems. This has brought passengers and airlines into closer proximity.
And TravelX is adamant in its conviction that the solution it provides has the potential to utterly revolutionize the way people travel, with the adoption of NFT tickets being a great challenge that the industry must undertake.
To until point, the responses to the NFT tickets have been overwhelmingly positive. As a result, we should anticipate that more airlines will begin utilizing this technology.
Featured image from (1.1)
