Beyond Imagination Technologies (BIT), a blockchain/Web3.0 technology company based in India, has announced a strategic expansion into the Middle East region with a partnership with Aba’ad Alkhayal in Saudi Arabia.
Driven by a passion for innovation and an unwavering commitment to pushing the boundaries of what’s possible, Aba’ad Alkhayal is a Saudi-based software company that leverages the latest technologies like blockchain and artificial intelligence to help businesses thrive in the digital age.
With this association, both companies are aiming to bring positive social impact by being at the forefront of technological innovation and striving to create a better future through technology. As the tech partner, Beyond Imagination Technologies will identify problem areas and collaborate with Aba’ad Alkhayal clients to ideate, develop, and deploy solutions that will help them with blockchain. The move comes as part of the company’s commitment to fostering blockchain adoption and innovation across various industries in the region.
Beyond Imagination Technologies will provide its flagship solution BitMemoir to Aba’ad Alkhayal, which will help 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 wallets. By utilizing blockchain technology, BitMemoir enables users to own their documents in perpetuity.
The Middle East has emerged as a significant hub for technological advancements, and BitMemoir recognizes the tremendous potential this region holds for blockchain solutions. By establishing a stronger presence in the Middle East, BitMemoir aims to contribute to the digital transformation and economic growth of the region.
BitMemoir’s innovative blockchain technology offers a wide array of solutions, including decentralized applications, smart contracts, and secure data management systems. The company’s mission is to empower businesses and individuals with seamless and transparent blockchain solutions that drive efficiency, security, and trust in transactions.
“We are excited to bring our cutting-edge blockchain solution to the Middle East. Our expansion into this dynamic region marks a significant milestone in our journey to revolutionize industries and empower businesses with the potential of blockchain technology. We firmly believe that blockchain has the power to reshape the future, and we are committed to being at the forefront of this transformation.”
Mr. Goyal further added that “By 2030, Saudi Arabia aims to unleash the full potential of its citizens and resources, embracing digital transformation to forge a brighter, interconnected future for all. This ambitious path includes the transformation of the Kingdom into a fully digitized society, a beacon of technological advancement and innovation. Thus, being the frontrunners in the blockchain space, we want to contribute to this aim of the nation to our full potential.”
“We are thrilled to embark on this exciting journey, committed to reshaping the future of technology. With this partnership, we envision a future where we harness the power of blockchain to unlock the full potential of our economy. This new beginning will pave the way for digital transformation, creating countless employment opportunities for our citizens and empowering our students with the knowledge and skills needed to embrace this digital revolution. Thus, we aim to drive positive social impact and create a better tomorrow in Saudi Arabia through technology,” said Princess Hesah Al Saud, Co-Founder, of Aba’ad Alkhayal.
Beyond Imagination Technologies’ expansion into the Middle East region will open doors to new partnerships, collaborations, and opportunities across sectors such as education finance, supply chain, healthcare, real estate, and more and anyone looking for safe and secure storage of documents over blockchain. By leveraging blockchain’s inherent features of immutability, transparency, and security, BitMemoir aims to provide solutions that tackle industry challenges and optimize business processes.
As part of its expansion strategy, Beyond Imagination Technologies plans to establish more regional offices and collaborate with local partners to enhance its reach and support customers more effectively. By engaging with the vibrant Middle Eastern community, Beyond Imagination Technologies seeks to foster knowledge sharing, workshops, and events to promote blockchain education and awareness.
Beyond Imagination Technologies’ flagship solution, BitMemoir, has already been adopted by institutions like Universidad Champagnat and the Association of Universities of Latin America and the Caribbean for Integration (AUALCPI), an association of 87 universities.
Moreover, the company has recently collaborated with a prominent blockchain enterprise; Near Protocol to further solidify its expertise and commitment to pushing boundaries.