Indian Railways Partners with Chaincode to Issue NFT Train Tickets
Indian Railways has partnered with Chaincode Consulting to issue non-fungible token (NFT) train tickets for the MahaKumbh Mela, a significant Hindu pilgrimage occurring once every 144 years.
Key points:
- The Polygon blockchain was selected for its scalability, speed, and low gas fees.
- This initiative marks the first use of blockchain by Indian Railways for a cultural event.
- The MahaKumbh Mela attracts millions of pilgrims to bathe in sacred waters for purification.
- The festival is recognized globally and listed by UNESCO as an Intangible Cultural Heritage.
- The upcoming event in 2025 will have international attendees, including notable figures.
- NFT tickets aim to modernize the pilgrimage experience while celebrating Indian culture.
- The NFTs will be available on NFTtrace, ensuring security and traceability through blockchain technology.
- Personalized NFTs will serve as both tickets and digital souvenirs from the journey.
Alok Gupta, CEO of Chaincode Consulting, emphasized the integration of a digital-first experience with traditional significance through this collaboration.