Indian Railways will subject non-fungible token (NFT) prepare tickets for passengers touring to the MahaKumbh Mela, a big Hindu competition held each 12 years.
The initiative is being carried out in partnership with Chaincode Consulting, a blockchain agency that can lead the venture, and NFTtrace, a platform for real-world property and traceability that can deal with ticket issuance and verification via a devoted on-line portal.
Passengers touring to the MahaKumbh Mela will obtain their tickets as NFTs minted on the Polygon blockchain.
These tickets will function digital keepsakes for vacationers. The devoted portal promotes the initiative, stating, “Own your Mahakumbh Mela experience perpetually with NFTs.”
This transfer is a part of Indian Railways’ ongoing efforts to combine blockchain know-how into its companies.
In an analogous effort, the Indian Railway Catering and Tourism Company (IRCTC) introduced plans final 12 months to supply NFT-based prepare tickets for Holi, a extensively celebrated Hindu competition identified for its colours, love, and spring themes.
General, using NFTs has been gaining traction in India. For instance, in October 2023, Membership Mahindra, a model underneath Mahindra Holidays & Resorts India Restricted, launched an NFT assortment impressed by India’s high resorts. These NFTs have been primarily based on iconic work by artists like Van Gogh, Munch, and Da Vinci.
