How NFTs are Changing the Airline Industry: Opportunities and Risks

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Flybondi , an Argentine airline company, has decided to embrace modern technology and convert every flight ticket into an NFT, a new and innovative technology in the world of digital currency. NFTs are created on the blockchain, making them tradeable and non-fungible. The new application is expected to start offering NFT tickets for domestic flights in Argentina in the coming months.

The use of NFTs for flight tickets may offer many advantages and new opportunities. The company can better control supply, demand, and prices, improve the traveler’s experience, and streamline the booking and payment process. Travelers can also benefit from having full control over their tickets, transferring or selling them to others in line with the company’s policy.

However, it is also important to be aware of potential risks associated with such new experiments. For example, the company’s security system could be hacked, and digital tickets could be stolen. There are also risks of price manipulation and unclear rights and responsibilities in case of a system malfunction.

Overall, the use of NFTs in the airline industry seems to provide significant opportunities to improve the traveler’s experience and simplify booking and payment processes. Companies planning to apply this technology should also put in place good cybersecurity plans and protect customer data, clarifying the rights and responsibilities related to digital tickets for travelers.

In the long run, the use of digital technology like NFTs may help transform the travel and tourism industry, making it more transparent and efficient. It is expected that other companies will follow this example and start using encrypted digital currency technologies to develop their businesses.

Finally, companies should take advantage of the available opportunities through digital currency technologies while avoiding potential risks by managing matters wisely and clarifying necessary conditions and controls to maintain the safety and security of traveler data and provide high-quality service to them.

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