Beyond Imagination Technologies, a blockchain company, has revealed BITBhoomi, a blockchain-powered platform designed 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.
According to an official release, this digital asset will serve not only as a means for crowdfunding but also to foster a blockchain community committed to tackling real-world challenges through technological solutions. From what it’s understood, 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.
From what it’s understood, BITBhoomi provides real-time updates, ensuring accountability and trust in the reforestation process. Sources suggest that the platform introduces reporting tools for reforestation efforts, including advanced tree counting technology for impact visualisation, geolocation of planted trees to enhance transparency, real-time monitoring of tree growth and health for donor connection, data-driven optimisation for planting times, and measurement of carbon sequestration to contribute to global climate change initiatives. Additionally, the platform is also understood to assess and manage soil organic carbon levels to ensure health and sustainability of reforested areas.
“By harnessing the power of technology, the initiative seeks to democratise sustainable practices, make it accessible and actionable for individuals. The emphasis on environmental sustainability underscores a need to address global challenges, while the inclusion of community engagement signifies a collaborative effort towards a healthier planet. BITBhoomi’s vision aims to reflect a strategic blend of innovation, eco-consciousness, and social involvement,” Nikhil Goyal, co-founder and CEO, Beyond Imagination Technologies, said.
