TravelX has been a part of the Algorand ecosystem for 4+ years. Over the years, they have built a very innovative blockchain-based infrastructure that helps passengers buy and sell airline tickets with ease, and helps airlines deploy advanced revenue management strategies.

Algorand has been the reliable backbone for TravelX over this entire period: scaling with their growth, never going down, always low cost, minting over 17 million NFTickets. All this time, Algorand’s enterprise-grade platform has performed without a single hiccup.

However, it is a fact of life that many enterprises are still reluctant to be associated with ‘crypto’, and we can understand the challenges TravelX faces in this regard. As a SaaS startup, they can’t dictate the IT infrastructure airline CIOs are comfortable with, and when that becomes a friction point, it’s not the hill they can or should die on. In the process, the Foundation has done everything it can to support TravelX, even going as far as agreeing to subsidize the already very low fees.

Unlike a centralized, private transactional platform, a blockchain-powered decentralized infrastructure for ticket issuance and sales could have truly given the ownership of tickets to the passengers and offered a more transparent marketplace for secondary sales.

We are proud of what TravelX has achieved on Algorand, and we wish them all the best. We firmly believe that as regulations continue to evolve, and public blockchains achieve broad, mainstream adoption, the reluctance of enterprises to embrace the technology will gradually fade away. When that happens, Algorand will be there and, as one of the most mature and proven blockchains in the industry, ready to deliver. And who knows, we might still get peer-to-peer ticket sales sometime in the future.