New Delhi, February 27, 2024: Beyond Imagination Technologies, a prominent blockchain company, has launched a platform - BITBhoomi for the digital monitoring, reporting, and verification of green initiatives, specifically focused on reforesting open spaces in urban and non-urban areas alike.
In the coming weeks, the platform plans to unveil its exclusive cryptocurrency, $BHOOMI. This digital asset will serve as a means for crowdfunding and also help in fostering a blockchain community to to tack real-world challenges through inventive technological solutions.
Alarming statistics from The World Count report reveals that from 2011 to 2015, approximately 20 million hectares of forest were lost annually, with an alarming acceleration to an average of 28 million hectares per year since 2016. This translates to the devastating reality of one football field of forest lost every single second. In a bid to counteract, BITBhoomi leverages the power of blockchain and NFT technology to enhance the transparency and traceability of donation campaigns, specifically targeting the mitigation of adverse effects caused by human activities on the environment.
According to the officials, BITBhoomi brings a host of benefits to the forefront of environmental initiatives, fostering a sense of ownership and pride among stakeholders. The platform provides real-time updates, ensuring accountability and trust in the reforestation process.
BITBhoomi will support in creating data-driven insights, corporate social responsibility integration, and developing ESG (Environmental, Social, and Governance) and sustainability reporting capabilities.
The platform has a comprehensive suite of impact reporting tools for reforestation efforts. The key features include advanced tree counting technology for accurate impact visualization, precise geolocation of planted trees to enhance transparency, real-time monitoring of tree growth and health for a deeper donor connection, data-driven optimization for optimal planting times, and measurement of carbon sequestration to contribute to global climate change initiatives. Additionally, the platform assesses and manages soil organic carbon levels to ensure the long-term health and sustainability of reforested areas.
Speaking during the launch ceremony, Nikhil Goyal, CEO and Co-Founder, Beyond Imagination Technologies said, “With the launch of BITBhoomi, we want to bring sustainability into everyday conversations, aiming to shift it from boardroom discussions to dining table dialogues. Our newly launched solution envisions a comprehensive approach, leveraging technology, environmental sustainability, and community engagement to drive transformative change.”
BITBhoomi's holistic vision reflects a strategic blend of innovation, eco-consciousness, and social involvement, positioning sustainability as an integral part of daily conversations and actions, he added.
BITBhoomi is a blockchain-based digital monitoring, reporting, and verification platform dedicated to sustainable reforestation efforts. By leveraging the NFT technology, BITBhoomi aims to enhance transparency and traceability in donation campaigns, fostering a sense of ownership and pride among stakeholders.
