In Short
- BIMCOIN enables secure, fast transactions across BIMTECH’s ecosystem
- The currency offers students hands-on blockchain technology experience
- Pilot phase saw over 1,100 successful transactions
In a groundbreaking move towards fintech innovation in education, the Birla Institute of Management Technology (BIMTECH) has introduced a new blockchain-based digital currency, BIMCOIN. This initiative makes BIMTECH the first business management institute in India to launch such a currency, following the example set by IIT Madras. BIMCOIN is designed to facilitate secure, transparent, and instantaneous transactions across the institute’s ecosystem, involving students, vendors, and administrators.
