The French government’s Olympic Committee is ready to host the Paris Olympics in 2024. This while minimizing the safety risks for fans. As a result, the organization can integrate blockchain technology into its ticketing system and provide the public with personalized, non-transferable passes.
According a recent reportthe interministerial representative of the French government for the Olympic Games, Michel Cadotsubmitted a report to the French Prime Minister containing potential changes for the 2024 Games.
One suggestion is for a ticketing system that supports events. According to him, licenses based on blockchain technology will provide fans with additional security. According to his plan, the tickets should be non-transferable and sent by the organization a few days before the Games. Viewers will be able to get them via a code QR rotary using blockchain technology. Upon entering the venue, everyone will check in and have their tickets deactivated.
Cadot believes that this customization will bring many benefits for individuals. Indeed, they will be able to receive messages via digital channels on problems such as access to the site from all over Paris or security procedures during Olympic Games. He also believes that blockchain ticketing can be successfully integrated into other major sporting events held in France:
“These provisions are already planned for the 2023 Rugby World Cup and the Olympics and Paralympics. 2024 and practiced by major events such as the French Open Tennis Championships.”
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The potential update comes after the Champions League final defeat last month (Real Madrid v Liverpool) in Paris. The match was delayed for more than 30 minutes as thousands of British fans showed up without or with counterfeit notes. During the European Football Championship, British fans with fake passes were unable to attend the match. This despite their attempts to breach security.
Cryptocurrencies and Olympic Games
However, this will not be the first time that the Olympics and the cryptocurrency industry have been linked. Last summer, the Indian Stock Exchange bitbns rewarded local Tokyo Olympic medalists with cryptocurrency. More specifically, each medal gold received approximately $2,700 in digital assets, the silver medalist received $1,350, and each athlete who went home with a bronze medal received $675.
In the case of the China, it aims to popularize and promote the adoption of its digital yuan. The country thus deployed during the Winter Olympics in Beijing in 2022. It allows foreign athletes and tourists to use the financial proceeds, despite the concerns of some American politicians.
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