Flybondi, an Argentine low-cost airline, has partnered with TravelX, a startup that helps airlines incorporate blockchain technology, to begin issuing tickets as non-fungible tokens (NFTs).
Flybondi will use NFTickets, NFTs developed by TravelX, as part of a service solution branded “Ticket 3.0.”
NFTickets maintain track of the airlines that first made tickets available, as well as any changes made after the time of purchase; when changes are made, new blocks keep a record on a distributed ledger.
The ability to track changes allows airlines to detect possible fraud and customers to ensure that the ticket they are purchasing is authentic. Blocks will also keep track of the sales process, ensuring that passengers always pay the correct fare.
Customers will also be able to manage their tickets according to their needs and preferences, since they will be able to quickly swap, transfer to another passenger, or resell their NFTickets.
Flybondi’s NFTickets will be built using Algorand, an open-source, decentralized blockchain network with a two-tiered structure.
This is not the first time an airline has partnered with TravelX to provide blockchain-enabled experiences to its customers; in April 2022, TravelX and Air Europa partnered to release the world’s first NFT flight ticket series dubbed “The Art as the Destination,” with their first NFT air ticket auction bringing in $1 million.
