Indian Railways has revealed plans to issue non-fungible token (NFT)-based train tickets for passengers traveling to the MahaKumbh Mela, a Hindu festival held once every 144 years. On January 13, Chaincode Consulting announced a partnership with the Indian Railway Catering and Tourism Corporation (IRCTC) to digitize the journey for millions of pilgrims attending the significant event.
These NFTs will be minted on the Polygon blockchain and made accessible through the real-world assets (RWAs) and traceability platform, NFTtrace. The Polygon network was chosen due to its high throughput and low transaction fees, which provide scalability and environmental sustainability.
Enhancing the Pilgrim Experience with Technology
The CEO of Chaincode Consulting emphasized that by collaborating with IRCTC and utilizing the Polygon blockchain, the initiative would offer a digital-first experience while preserving the spiritual and…
