Tokenization With Ticket 3.0
By Manoj Dharra
Flybondi, an Argentinian budget airline, began its Ticket 3.0 initiative, which includes tokenizing all flight tickets as smart contract-embedded NFTs, also known as NFTickets.
Flybondi’s decision to tokenize its tickets follows a partnership with NFT ticketing company TravelX. Travel’s decentralized application provides a P2P marketplace, for tokenized travel products and runs on Algorand’s blockchain.
NFTicket ownership is immutably recorded on Algorand’s blockchain, which enables ticket holders to sell, exchange, transfer or auction their tickets after purchase.
Tokenization is the process of creating a digital representation of an asset where ownership (and other metrics like location) of that asset can be exchanged (or tracked) on a distributed ledger or blockchain.
To discuss this in detail we have invited a special guest Subbu Joys, from Aurigraph.
You need to login in order to Like
