According to the company's statement, The partnership combines blockchain technology and the domain knowledge of the Indian Army to enhance communication processes for veterans, ensuring information integrity, security, currentness and correctness of data. The company said it employs encryption and decentralized data storage for a tamper-proof environment, bolstering trust, visibility to control centres and data mining.
The blockchain startup provides the flagship solution 'BitMemoir' to Indian Army, offering digital certificates/credentials, NFTs as souvenirs, dynamic NFTs, and NFT-based loyalty programs.
The platform negates fake credentials and enhances verification, and its solution harnesses blockchain for a secure digital transformation of the Indian Army veteran, streamlining communication, enhancing operations, and optimizing processes.
It empowers the Indian Army to adapt swiftly while maintaining security. It will also translate into faster decision-making, reduced administrative overheads, and heightened situational awareness for the Indian Army veterans. Once done, the solution can be adapted in other areas of the Indian Army.
Nikhil Goyal, Founder and CEO of Beyond Imagination Technologies & BitMemoir, expressed his enthusiasm about the solution, stating, “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 ushers in a new era of efficiency and security towards the welfare of its veterans.”