The Argentinian airline Flybondi plans to integrate into web3 by issuing e-tickets as NFTs.
The new integration, named Ticket 3.0, is an expansion of the low-cost airline’s existing venture into digital collectibles with the NFT ticketing company TravelX, which launched in September 2022.
Built on the Algorand blockchain, the technology allows passengers to change their names and transfer or sell their ‘NFTickets’ independently.
The NFT tickets offer a flexible travel experience passengers can buy in advance without having to identify their travel plans, or who the travellers will be.
In return, Flybondi will reduce customer service costs, thus increasing its revenue from trading fees.
Passengers will be able to purchase travel tickets through the Flybondi website using fiat currency while TravelX will issue a synchronized NFT ticket as well as its regular e-ticket.
Passengers can then create a Ticket 3.0 account that manages and stores all NFTs through Flybondi. Ticket-related rules and conditions are integrated into the NFTs smart contract by the airline.
Last year, in an interview with Coindesk, TravelX chief blockchain officer Facundo Martin Diaz said the firm did not charge its users a fee when purchasing a ticket, however, it “does receive a 2% transaction fee when trades are made on the platform’s peer-to-peer secondary market”.
“With this launch, we seek to generate a positive impact in the aviation industry through innovation and an application of blockchain technology.
“Changing the rules of the game is never easy, but we know that it is our objective to evolve and offer our passengers a new stage of the freedom to fly”, said Flybondi chief executive Mauricio Sana.
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