This airline is about to shake up the aviation industry with brand new technology

News JVTech This airline is about to shake up the aviation industry with brand new technology

An unexpected novelty for the aviation industry

Flybondi, an Argentina-based low-cost airline, could shake up the aviation market with its new project. To innovate in this very private sector, the company doesn’t want to rely on supersonic aircraft or solar planes, but on NFTs (non-fungible token).

Meager, NFTs are virtual certificates associated with a digital or even physical object (photo, video, document, etc.). These make it possible, among other things, to bring property rights to their owners. If the general public has discovered them with the virtual art craze in recent years, these famous NFTs may prove useful in many areas…

En l’occurrence, Flybondi aims to be the first airline to issue flight tickets in NFT

The company announced the arrival of this project, called “Ticket 3.0” in a communique March 29:

“With Ticket 3.0, our passengers benefit from greater flexibility and better control over their journeys, as they can easily and autonomously transfer, rename or assign their tickets. explains Flybondi CEO Mauricio Sana

Specifically, this approach allows customers to generate an NFT linked to their ticket when booking the flight. With the NFT in his possession, The passenger can change the name given on the ticket. This can be useful, for example, when his priority wants to offer his ticket.

Over and beyond, This allows its owner to resell the airline ticket at will on the secondary marketwithout going through a third party.

A new era for aviation?

Although this introduction may seem insignificant at first glance, NFTs could actually be a game changer in the aviation industry.

Although some companies will agree to exchange or even refund airline tickets under certain conditions, the costs associated with this type of procedure can be costly. With these banknotes of a new kind The user sets their own resale price, from which a 2% fee is deducted

Far from the sometimes speculative aspects of the technology, the problems related to ticket resale or the lack of flexibility in associating an NFT with each ticket could become history. In any case, Flybondi’s ambition is to “change the rules of the game”:

“With this launch, we aim to make a positive impact on the aviation industry through innovation and the application of blockchain technology,” said Mauricio Sana, CEO of Flybondi.

Thus, this use of NFT technology could be a trail of exploitation to improve the traditional ticketing system.

But this is not new and is also interested in other sectors, such as events. For example, the famous TicketMaster platform for buying and reselling concert tickets and even concert halls like the Olympia are currently considering the introduction of NFTs.