In a groundbreaking move, the Indian Railway Catering and Tourism Corporation (IRCTC) has announced that it will provide non-fungible token (NFT) train tickets for travelers on two specific trains bound for Delhi between March 20 and April 2, in celebration of the Hindu festival of Holi.
Receive train tickets as NFT
Passengers of the two recently launched semi-high speed trains, Tejas Express 82501 and 82502, will have the privilege of receiving their train tickets as NFTs. These digital souvenirs serve not only as a unique keepsake but also as a celebration of the rich cultural connection between the cities of Lucknow and Delhi.
From IRCTC emphasizes that providing NFT train tickets aims to enrich passengers’ travel experience by enabling personalized NFTs that can be verified on the blockchain by both authorities and the public.
Initiative in honor of Holi
The initiative, in honor of Holi – also known as the festival of colors – is supported by the digitalization platform NFTtrace. This platform will play a crucial role in administering train ticket purchases via the Hyperledger blockchain and will implement smart contracts to regulate the traceability process.
With over 1.2 million tickets booked through the IRCTC every day, this NFT initiative has the potential to significantly increase the adoption of NFT technology, especially if adopted on a larger scale in the region. Digitizing tickets as NFTs offers a solution to the widespread problem of counterfeiting and loss.
Development relies mainly on 3 blockchain platforms
Recently, India revealed that it primarily relies on three blockchain platforms to develop its digital products: Hyperledger Fabric, Hyperledger Sawtooth, and Ethereum.
In addition, on March 6, it was announced that nearly eight million government-issued and verifiable documents are currently hosted on five blockchains managed by India’s National Informatics Center. These blockchains include systems for certificates, documents, the drug logistics chain, the judicial chain and the ownership chain, all of which are crucial parts of India’s digital infrastructure.
Source: https://newsbit.nl/indiaanse-spoorwegen-lanceren-nft-treinkaartjes-voor-holi-festival/
