Blockchain based Tickets in 2024 Paris Olympics

Share IT

Key Takeaways

  • The suggestion comes after the Champions League final was tarnished due to a ‘ticket fraud.
  • The Paris 2024 Olympic Committee wants to provide a ‘secure personalized and non-transferable’ ticketing service

Web3 is taking the world by storm. The French Olympic Committee is the latest to hop on to it. Paris 2024 Olympic Committee plans to deploy a blockchain ticketing system for the upcoming Paris 2024 Olympic Games. The suggestion came after Paris witnessed the ‘ticket fraud’ in the Champions League final that tarnished the reputation of the organising committee. The fiasco raised questions about Paris’s capability to host the 2024 Olympics.

The proposed blockchain ticketing system will be non-transferable and personalized for the fans. Michel Cadot, the inter-ministerial delegate to the 2024 Olympic and Paralympic Games, has submitted a 30-page report to the Prime Minister’s Office last week after widespread criticism of the French authorities’ organization of the final Champion Leagues game.

The report recommends states that secure and personalized ticketing service will be used for Paris Olympics 2024 and adds that it would be brought in at all major international sporting events held in France. The most striking recommendation in the report included the introduction of non-transferable tickets that will be transferred by the organiser just a few days before the event by SMS. The tickets will consist of a QR code generated using blockchain technology.

According to the report, these supposedly secure tickets would only be active within a virtual perimeter and would correspond to the security perimeter of the site. The tickets would be first checked during pre-filtering and will then ‘disintegrate’ as soon as the visitor enters the venue site.

The personalization of tickets will enable ticket holders to receive interactive messages concerning issues such as transport, security, and entry to the venue, states the report. Cadot mentions that the provisions are already planned for the 2023 Rugby World Cup and the Olympics and Paralympics 2024 and practiced by major events, including French International Tennis.

This is, however, not the first time a country’s Olympic committee has tried its hand at Web3.In Tokyo Olympics, Indian winners were rewarded by Bitbns exchange with crypto assets in addition to their medals. Bitbns, an India-based cryptocurrency exchange, helped open a systematic investment plan in cryptocurrencies like Bitcoin and Ethereum for India’s medal winners. China is rolling out its digital yuan to athletes and spectators ahead of the 2022 Beijing Winter Olympics to test its overseas appeal.

Share IT
Saniya Raahath
Saniya Raahath

Get Daily Updates

Crypto News, NFTs and Market Updates

Claim Your Free Trading Guide

Sign up for newsletter below and get your free crypto trading guide.

Can’t find what you’re looking for? Type below and hit enter!