Indian Web3 technology firm BIT expands into Middle East, partners with Saudi firm Aba’ad Alkhayal

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Indian Web3 technology firm BIT expands into Middle East, partners with Saudi firm Aba’ad Alkhayal
Indian Web3 technology firm BIT expands into Middle East, partners with Saudi firm Aba’ad Alkhayal

Aiming to help clients with digital certifications, the Web3 technology firm will provide its flagship solution, BitMemoir, to Aba’ad Alkhayal

The India-based Web3 technology company Beyond Imagination Technologies (BIT) has partnered with the Saudi Arabian software firm Aba’ad Alkhayal and strategically expanded in the Middle East.

Both the Web3 technology firm and the Saudi firm, through this partnership, aim to have a positive social impact by being at the forefront of Web3 and blockchain innovation.

The Web3 technology firm, as the tech partner, will identify problem areas and collaborate with Aba’ad Alkhayal clients to ideate, develop, and deploy solutions that will help them with blockchain. The step has been taken as a part of the firm’s commitment to fostering blockchain adoption and innovation across various industries in the region.

Aiming to help clients with digital certifications, the Web3 technology firm will provide its flagship solution, BitMemoir, to Aba’ad Alkhayal. By converting personal identifiers, property documents, and other sensitive materials into digital certificates, or NFTs, users can store them in their own wallets. BitMemoir enables users to own their personal documents in perpetuity through the use of blockchain technology.

Including decentralised applications, smart contracts, and secure data management systems, BitMemoir’s blockchain technology offers a wide array of solutions. To drive efficiency, security, and trust in transactions, the Web3 technology company’s mission is to empower businesses and individuals with seamless and transparent blockchain solutions.

Web3 and blockchain in the Middle East:

Nikhil Goyal, co-founder of Aba’ad Alkhayal, commented on the news: “Our expansion into this dynamic region marks a significant milestone in our journey to revolutionise 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.”

“By 2030, Saudi Arabia aims to unleash the full potential of its citizens and resources, embracing digital transformation to forge a brighter, more interconnected future for all. This ambitious path includes the transformation of the Kingdom into a fully digitised 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.”

Princess Hesah Al Saud, co-founder of Aba’ad Alkhayal, also discussed the partnership: “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.”

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