Paris 2024 Olympics may sell tickets as NFTs

Paris Olympics 2024 may present NFT Tickets, at least that is what the French Government’s Olympics official representative suggests. Michel Cadot feels that blockchain technology is more secure than conventional ticketing systems.

Therefore, attendees will acquire their digital tickets through SMS and QR codes only a few days before the event initiates. Further, Cadot urged the Prime Minister’s Office to execute blockchain ticketing for all prominent sports events held in Paris.

Also Read, Paris Saint Germain is Creating Limited Edition Lionel Messi NFTs

Michel Cadot, the French Government’s Olympics ambassador, recommended the implementation of NFT tickets for the Paris 2024 Olympics. The news arrives from his 30-page report proposed to the Prime Minister’s Office last week.

Consequently, the report also comprises five recommendations to enhance security protocols for forthcoming sporting events held in France. One of these suggestions is to utilize blockchain technology for all non-transferable tickets.

NFT Ticketing System for Olympics 2024

Paris Olympics 2024

Primarily, Michel Cadot noted that each event attendee should acquire their ticket as a rotating QR code through blockchain technology. The Olympics organizers will dispatch the NFT tickets a few days before the event commences.

Likewise, the NFT tickets will become functional within a certain perimeter of the event’s location. In brief, this creative system should lower the risk of ticket fraud. Interestingly, the proposal comes precisely after the ticket sham that transpired during the UEFA Champions League Finals that happened between Liverpool and Real Madrid last month in pairs.

Michel Cadot wrote in a report that this coordination should be spread to other Major International Sporting Events of major precedence upstream of the cut of the Rugby World Cup and the 2024 Olympic Games. It would make it doable to prefigure the intended systems and to strike in the working processes, as well as the reflexes of multi-actor management to face hardships. 

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