Beyond Imagination Technologies (BIT), addressing everyday pain points of organisations through Blockchain
CXOToday has engaged in an exclusive interview with Mr. Nikhil Goyal, Founder & CEO, Beyond Imagination Technologies & BitMemoir.
- Tell us about Beyond Imagination Technologies and your offerings?
Ans -Blockchain technology has revolutionized the tech world by making data storage open-source and safer beyond imagination. However, despite the possibilities, the use of blockchain technology remains limited across the country. We at Beyond Imagination Technologies aim to bridge the gap by providing tailored solutions to startups, enterprises, and governments and helping them solve pain points in their ecosystems with respect to the use of blockchain.
Our product offerings range from tamper-proof digital identification, fleet management and BIT based loyalty programs to new-age tools for supply chain management and aiding digital transformation.
At Beyond Imagination Technologies, we offer clients’ blockchain-based solutions. Our services are based on in-depth analysis of the various pain points faced by clients’ in their existing systems. After analysis we design proprietary blockchain-based solutions and help our clients evolve their current setup to make it more efficient, futuristic, and technologically upgraded. Our products range from tamper-proof digital credentialing platforms to fleet management systems, blockchain-based loyalty programs, supply chain management, digital souvenirs, and a blockchain-based wallet.
Our flagship product, BitMemoir is a web3 based application that enables individuals and organisations to provide authorised clients with digital certifications. Individual users can convert personal identifiers, property documents, and other sensitive materials into digital certificates, or NFTs, and store them in their own wallets. By utilising blockchain technology, BitMemoir enables users to own their personal documents in perpetuity.
- Please elaborate in detail on the primary purpose and ideals of BitMemoir.
Ans – BitMemoir is a unique blockchain-based solution on Polygon. It offers multiple significant use cases through a single platform, such as digital certificates/credentials, NFTs as souvenirs, dynamic NFTs, and NFT-based loyalty programs. Backed by revolutionary blockchain technology, the platform focuses primarily on negating the possibility of creating fake credentials or fudging the documents. An additional layer of verification depicts the credibility and reliability of the certificates/documents.
Since our inception our aim is to deal with the pain points of the businesses by developing customized blockchain-aided solutions for sustainable business growth. Within a very short span, we have witnessed enormous growth and have gained a lot of recognition from big corporate houses and government organizations with many of them adopting our solutions to their advantage. We have signed joint development programs with highly esteemed institutions in India and are also increasingly engaging with large corporations, high-net-worth individuals, and big institutions.
- How BitMemoir has made has made office life easier and hassle-free?
Ans – Considering the amount of data that is being generated nowadays and the fact that crucial aspects of our lives such as communication and financial transactions revolve around the digital space, it is of utmost importance to ensure the safety and security of online data. Security, misuse, storage, traceability and accountability of data etc. are some of the key challenges we face in today’s time. And despite this being a towering challenge, all these pain points can be solved using blockchain technology.
Since it is based on a distributed ledger system, a blockchain network is decentralized in nature and allows only authorized users to access the data inside it. In addition to this, every block in a blockchain consists of a unique hash, which makes it tamper-proof and indestructible. We are currently working with many big organizations to implement these solutions in real-world applications.
Our flagship product, BitMemoir, a web3 based application that provides clients with digital certifications. Users can convert personal identifiers, property documents, and other sensitive materials into digital certificates, or NFTs, and store them in their own wallets. By utilising blockchain technology, BitMemoir enables users to own their personal documents in perpetuity.
With its unique blockchain-based solutions on Polygon, BitMemoir is scaling up rapidly and gaining traction worldwide, with multiple users already at the trial stages. The BitMemoir platform offers multiple significant use cases through a single platform, such as digital certificates/credentials, NFTs as souvenirs, dynamic NFTs, and NFT-based loyalty programs. Backed by revolutionary blockchain technology, the platform focuses primarily on negating the possibility of creating fake credentials or fudging the documents. An additional layer of verification depicts the credibility and reliability of the certificates/documents. The platform is integrated with the BitWallet (non-custodial wallet), which is NFT friendly and creates a gallery of all NFTs by default.
- How do you believe BitMemoir impacts its users and their productivity?
Ans – BitMemoir is the ultimate blockchain-based platform, offering unique solutions on Polygon. With multiple significant use cases accessible through a single platform, such as digital certificates and credentials, NFTs as souvenirs, dynamic NFTs, and NFT-based loyalty programmes.
By leveraging the benefits of BitMemoir, organizations can create a more secure and efficient ecosystem for digital certificates, which can have a profound impact on a wide range of industries. Blockchain-based digital certificates could be used in a variety of industries, including education, healthcare, finance, and government. For example, universities could issue digital diplomas and transcripts on the blockchain, which would enable employers and other institutions to verify their authenticity and integrity instantly.
- What are the plans for BitMemoir and its scope with the advent of technologies in blockchain?
Ans – We are working relentlessly towards solving real- world challenges with the help of revolutionary blockchain technology. Our flagship solution BitMemoir addresses the gigantic problem of identity theft and fake documentation and we hope to scale this in multiple sectors around the world in times to come. BitMemoir’s platform is already in use, and the company is seeing a significant increase in traction worldwide. With its unique features, the platform has the potential to revolutionize the way enterprises and government bodies issue and verify documents, making the process more secure, reliable, and hassle-free. Recently, company has launched first letter using BitMemoir for “the private office of highness in Saudi. This is the first of its kind in the whole world. The company has also collaborated with a prominent blockchain enterprise; Near Protocol to further solidify its expertise and commitment to pushing boundaries. For next 12-14 month our major aim is to reach out the market through constructive discussions with industry experts, networking, collaborations, and hiring the right talent. In addition to it, we are aggressively expanding our footprints in the overseas markets like APAC, Africa through constructive discussions with industry experts, networking, collaborations, and hiring the right talent.
