Indian Railways Embraces Polygon for MahaKumbh Mela Tickets – egamers.io

Indian Railways has taken a significant step towards modernizing its ticketing system by collaborating with Chaincode Consulting to issue NFT-based tickets for the upcoming MahaKumbh Mela festival, utilizing the Polygon blockchain to enhance scalability and efficiency.
This groundbreaking initiative will see the issuance of non-fungible token (NFT) tickets to all attendees traveling to the MahaKumbh Mela, a major Hindu festival that occurs once every 144 years.
Announced on January 13, this partnership aims to digitize and streamline the travel experience for millions making their spiritual journey to this significant event.
The choice of the Polygon blockchain is strategic, chosen for its high throughput and low transaction costs, which promote scalability and environmental sustainability. The NFTs will be available through NFTtrace, a platform known for its real-world asset (RWA) traceability and management capabilities.
Approximately 1.2 million train tickets are booked daily on the Indian Railway Catering and Tourism Corporation (IRCTC) platform. The introduction of NFT tickets is a technological leap and a move to attract global participation in the festival.
Aishwary Gupta from Polygon Labs highlighted the broader implications of using public blockchains like Polygon in government operations, noting their effectiveness in eliminating intermediaries.
This project is part of a more significant trend where India’s state and central governments increasingly rely on blockchain technology for its transparency and efficiency.

Everything on egamers is provided”as is.” We do not share any kind of investment advice. We are not responsible for your actions. NFT Games are very risky and come with no guarantees. We use affiliate links to monetize our content. 2022 eGamers.io. Proudly serving the Blockchain Gaming industry since 2018.
Our website uses cookies to improve your experience. Learn more about: Privacy Policy

source

Leave a Comment

Your email address will not be published. Required fields are marked *