India technology
Asia Blockchain Trending

BIT Uses Blockchain to Empower Indian Army Veterans With Enhanced Communication

Beyond Imagination Technologies (BIT), the India-based blockchain and web3.0 technology company, has partnered with the Indian Army to enhance veteran communication management. 

By combining blockchain technology and the domain knowledge of the Indian Army, Beyond Imagination Technologies is looking to enhance communication processes for veterans, ensuring information integrity, security, currentness and data validity.

The platform employs encryption and decentralised data storage to ensure a tamper-proof environment and visibility to control centres and data mining.

As part of the collaboration, BIT will also provide its BitMemoir solution to the Indian Army, offering digital certificates and credentials; NFTs as souvenirs; dynamic NFTs; and NFT-based loyalty programs. Backed by blockchain technology, the platform negates fake credentials and enhances verification.

The solution harnesses blockchain for a secure digital transformation of the Indian Army veteran, streamlining communication, enhancing operations, and optimising processes. It empowers the Indian Army to adapt swiftly while maintaining security.

It also aims to lead to faster decision-making, reduced administrative overheads and heightened situational awareness for Indian Army veterans.

Nikhil Goyal, founder and CEO of Beyond Imagination Technologies, Indian army blockchain
Nikhil Goyal, founder and CEO of Beyond Imagination Technologies

Nikhil Goyal, founder and CEO of Beyond Imagination Technologies and BitMemoir, expressed his enthusiasm about the solution: “We are incredibly honoured to contribute to the digital transformation by initiating this pilot project for the Indian Army.

“By harnessing the potential of blockchain, we are equipping the Indian Army with a tool that enhances their capabilities and also ushers in a new era of efficiency and security towards the welfare of its veterans.

“The partnership represents a remarkable fusion of innovation and service to the nation, as Beyond Imagination Technologies joins forces with the Indian Army to address a critical aspect of veteran support. By harnessing the power of blockchain, this collaborative effort seeks to create a robust and secure communication ecosystem to facilitate seamless interactions among veterans.”

BIT making an impact

The blockchain solution, jointly developed by BIT and the Indian Army, aims to bridge communication gaps and streamline the exchange of vital information, ensuring that veterans can remain connected, informed, and empowered.

Paired with the Indian Army’s dedication to excellence and commitment to serving the nation, this partnership hopes to make a lasting impact on the lives of army veterans and their families.

Recently, BIT also expanded to the Middle East with its partnership with one of Saudi Arabia’s first licensed blockchain companies Aba’ad Alkhayal. The company recently collaborated with Near Protocol, a prominent blockchain enterprise, to significantly solidify its expertise and commitment to pushing boundaries.

Author

  • Tom joined The Fintech Times in 2022 as part of the operations team; later joining the editorial team as a journalist.

Related posts

eToro and OpenPayd Team Up in European Embedded Finance Partnership

The Fintech Times

The Global Regulation Climate x The London Ethereum Meet Up

Manisha Patel

This Week in Fintech: TFT Bi-Weekly News Roundup

Claire Woffenden