According to a recent announcement on .
Congratulations to @travelx__ for partnering with @VivaAerobus, a leading green airline based in Mexico! They will work together to convert tickets into digital assets on the #Algorand Blockchain ✈️ https://t.co/LktifDt8rA
— Algorand Technologies (@Algorand) December 28, 2023
TravelX’s collaboration with Viva Aerobus
It is important to know that passengers who buy airline tickets can convert them into digital assets. According to the announcement, there will be a smart buyback and smart flight exchange for airline tickets.
TravelX also stated that through this partnership, Viva Aerobus is leading the way in transforming airline inventory management on the Algorand blockchain network. Furthermore, the partnership is expected to deliver revenue opportunities and innovative use cases for Viva Aerobus customers.
Other attempts to promote blockchain adoption in the aviation sector
This isn’t the first time TravelX has partnered with airlines to promote the adoption of blockchain technology. In April this year, TravelX partnered with airline Flybondi to introduce e-tickets as non-fungible tokens (NFTs) through a partnership with an NFT ticket company.
The NFT version of the ticket allows passengers to change, transfer or sell the name on the ticket. The NFT ticket technology is built on the Algorand blockchain and demonstrates Flybondi’s commitment to innovation and providing the best possible experience to its customers. Flybondi CEO Mauricio Sana said: “We are excited to be at the forefront of this change in the travel industry.”
Last year, TravelX partnered with Air Europa to launch the world’s first NFT airline ticket series, called NFTickets. Those who purchased NFTickets received exclusive access to an Air Europa flight to Miami Beach in late November. In addition, they were entitled to certain benefits and events in the run-up to Art Basel, which will take place in Miami Beach in December.
NFT airline tickets are the latest addition to the list of travel-related activities that use blockchain technology. In January, Travala, a leading crypto-native travel booking service, introduced an NFT-based travel rewards program. Around the same time, LynKey, a Singapore-based company, announced an NFT-based platform that will allow resorts and hotels to tokenize all aspects of real estate development, including acquisitions, leases, land use and related tourism entertainment, into an international blockchain. powered ecosystem.