• Argentinean airline Flybondi has become the first to offer tickets as NFTs on Algorand blockchain.
• Ticket 3.0 enables customers to change the name on the pass, give it away, or transfer it to another individual.
• CEO Mauricio Sana hopes this launch will generate a positive impact in the aviation industry through innovation and application of blockchain technology.
Argentinean Airline Launches Flight Tickets as NFTs on Algorand Blockchain
Flybondi, an Argentinean low-cost airline, has become the first in its field to launch flight tickets in the form of non-fungible tokens (NFTs) on the Algorand blockchain. The initiative is called Ticket 3.0 and is already available for clients flying domestic destinations.
Benefits of Ticket 3.0
Ticket 3.0 enables customers to change the name on the pass, give it away, or transfer it to another individual; eliminating usual restrictions associated with ticket ownership changes. This allows passengers greater flexibility and control over their trips due to its easy and autonomous system for transferring tickets or changing names on them.
Commenting on this development, CEO Mauricio Sana said: “We seek to generate a positive impact in the aviation industry through innovation and an application of blockchain technology“. He hopes that Flybondi’s effort will help revive tourism by changing rules of game with regards to ticket ownership changes.
Partnership with TravelX
This integration is part of Flybondi’s existing partnership with TravelX – a multi-country travel platform – which launched last year for users looking for cheap flights across Latin America and Europe from Argentina’s capital city Buenos Aires International Airport (BUE).
Flybondi’s launch of flight tickets as NFTs reflects its commitment towards providing customers more flexibility when traveling by removing hurdles normally associated with ticket ownership changes while also creating new opportunities within aviation industry through innovation and application of blockchain technology