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Blockchain NewsNFT News

Indian Railways Explores Blockchain Technology with NFT Certificates

Indian Railways issued blockchain-verifiable certificates as NFTs by leveraging ChainCode's top product 'NFTrace.'

Written By Vismaya V
Published 2023-03-22·Updated 12 months ago
Make The Crypto Times preferred on GoogleGoogle
Indian Railways Explores Blockchain Technology with NFT Certificates

The Indian Railways revolutionizes its operations by leveraging blockchain technology to produce phygital NFT certificates minted on the Polygon network.

🚨 New use case alert 🚨

Indian Railways (@RailMinIndia), in conjunction with @ChaincodeLlp, has awarded first-of-its-kind Phygital NFT Certificates. Minted #onPolygon 💥🧵👇🏾

Learn more: https://t.co/8M4K7DBAIo

— Polygon | POL (@0xPolygon) March 21, 2023

The National Academy of Indian Railways (NAIR) held a workshop to educate railway officials about the potential benefits of Blockchain and Emerging Technologies in the railway industry.

The requirement for unified certificate validation at NAIR to “accurately identify Railway professionals’ skills & accreditation” was one of the key issues mentioned in the workshop. 

To solve this problem, ChainCode Consulting created Phygital NFT Certificates on the Polygon network, which were then distributed to the workshop attendees.

Indian Railways issued these blockchain-verifiable certificates as NFTs by leveraging ChainCode’s top product ‘NFTrace.’ The phygital NFT certificates are reliable, secure, traceable, verifiable, everlasting, inimitable, tamper-proof, and sustainable.

Attendees at the workshop were made aware of how smart contracts can be used to analyze, identify, and prevent critical failures, automate maintenance needs, improve vendor ecosystems, and provide a real-time, automated, and highly available ticketing solution.

Regarding the integration, Polygon stated: “The integration of blockchain in the Indian railway ecosystem marks the beginning of A NEW ERA  for Indian Railways and is an exciting step towards mass adoption of the technology. We are immensely proud to be along for the ride.”

Last October, Indian Police and Polygon immortalized complaints in blockchain via a web portal. Polygon blockchain enabled benefits like immutable complaints & transparency and due to its nature, the complaints once registered can’t be deleted or manipulated. 

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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