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Birla Institute of Management Technology (BIMTECH) has introduced a blockchain-based digital currency, ‘BIMCOIN’, which is designed exclusively for the BIMTECH’s ecosystem.
The blockchain platform facilitates secure, transparent, and instant transactions among students, vendors, and administrators.
Unlike traditional systems, BIMCOIN operates on a blockchain, offering decentralisation, transparency, and programmable features like smart contracts.
“BIMCOIN streamlines payments, promotes transparency, and introduces advanced financial tools, ensuring enhanced security, fraud protection, and ethical practices. More than a payment solution, BIMCOIN serves as an educational tool, providing students with hands-on experience in blockchain technology, digital currencies, and real-world financial systems,” Prabina Rajib, Director, BIMTECH, said here in a statement on Friday.
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