Home News TravelX and Kiu System Solutions Partner to Enable 73 Airlines to Distribute Inventory via Blockchain
Our website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

TravelX and Kiu System Solutions Partner to Enable 73 Airlines to Distribute Inventory via Blockchain

Alliance makes Kiu the first Passenger Service System (PSS) to integrate this technology

by wrich
16 views

MIAMI, May 4, 2022 /PRNewswire/ — Today, TravelX, the company building the travel industry’s blockchain-based distribution protocol, announced a partnership with Kiu System Solutions via Kiu PSS – the comprehensive commercialization solution for airlines providing tools to manage inventory, reservations and tickets. This enables 73 airlines to tokenize and distribute inventory as NFTs through the blockchain ecosystem.

“At Kiu, we are focused on developing innovative and efficient solutions. This has been possible due to our vast experience in the industry and desire to provide new and better technologies to our clients and passengers. Through this partnership, we are excited to provide a new and innovative sales channel to our customers,” commented Alberto Desimone, CEO and co-founder of Kiu.

The strategic alliance allows airlines operating with Kiu to reduce distribution and transaction costs and increase revenue, while improving the traveler experience, by tokenizing and globally distributing inventory as NFTickets. NFTickets can be exchanged between actors in the blockchain network in accordance with smart contracts or parameters predefined by the service provider, generating additional revenue streams. Additionally, through transactions on the blockchain, refunds and exchanges are immediate and governed by automatically executed smart contracts, which saves money and time associated with customer service.

“We are very excited to be a part of the industry’s first integration between a blockchain distribution protocol and PSS with the global reach of Kiu. Through this, more airlines will be able to experience the benefits that tokenization and blockchain provide in terms of cost efficiencies and revenue generation,” adds Juan Pablo Lafosse, CEO and co-founder of TravelX. “We are proud that our partnership makes this all possible for airlines without the need for additional investments or technological developments on their side, as tokenizing inventory through blockchain is as easy as logging on and updating their agreement with Kiu.”

TravelX was born in 2021 to reimagine the travel industry and accelerate its adaptation to Web3. One of TravelX’s most innovative propositions is the tokenization of E-tickets, evolving them into NFTickets. The company plans to launch its first service and marketplace later this year. 

For more information, visit https://www.travelx.io.  

About TravelX
TravelX is building a blockchain-based distribution protocol designed to create a more secure, decentralized, frictionless, transparent and efficient travel industry. The company’s technology allows travel suppliers to more efficiently manage their inventory, unleashing use cases that enhance both travelers’ flexibility and suppliers’ profitability.

You may also like

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More