Tickets for the Paris 2024 Olympic Games could be sold as NFTs – at least that’s what the French government’s Olympic Commissioner recommends! Official Michel Cadot believes blockchain technology is more secure than traditional ticketing systems.
Accordingly, participants will receive their digital tickets via SMS and QR code just a few days before the event begins. Additionally, Cadot advised the Prime Minister’s Office to adopt blockchain ticketing for all major sporting events in Paris.
Will we mint NFT tickets for the Paris 2024 Olympics?
Michel Cadot, the French government’s Olympic Commissioner, suggested the introduction of NFT tickets for the Paris 2024 Olympics! The news comes from his 30-page report, which was submitted to the Prime Minister’s office last week.
Accordingly, the report also includes five recommendations to improve security protocols for upcoming sporting events in France. One such recommendation is to use blockchain technology for all non-transferrable tickets.
How will the ticket system work?
Basically, Michel Cadot wrote that every event attendee should receive their ticket as a rotating QR code via blockchain technology. The Olympic organizers send out the NFT tickets just a few days before the start of the event.
In addition, the NFT tickets become active within a certain radius of the venue. All in all, this innovative system aims to reduce the risk of ticket fraud. In fact, the recommendation comes right after the ticket scam during the UEFA Champions League in Paris.
“This coordination should be applied to other major international sporting events of major importance ahead of the intersection of Rugby World Cup and the 2024 Olympics. It would allow to pre-configure the planned systems and break in the working methods as well as the reflexes of multi-stakeholder management to face difficulties.” Michel Cadot wrote in the report.
NFTs are also no strangers to Olympians. For example, the British Olympic team launched its own NFT collection last summer. You can read more about it here!