…or, as has been mentioned, drinks/coffee/snacks tickets that are surrendered at the time of use. Access to VIP-type perks is neither a new problem, nor one that requires a high-tech solution.
Permanent wristbands sound like low effort for the organizers – but what works for a short-term casual event, like a concert or festival does not necessarily mean it’s a good idea for a longer or more professional one. I’ve no problem flashing a wristband at event security or a bartender or ride attendant, but I’ve less tolerance for wearing one for multiple days when I’m in a professional capacity.