According to the website, Beyond Protocol aims to create a secure protocol with blockchain's trust and safety, delivering industrial-grade identity, an authorized data source, and safe machine-to-machine transactions. 

Beyond Protocol seeks to become a support system of IoT by offering creators and chip manufacturers a fresh set of tools capable of producing limitless applications on top of microcontrollers and IoT sensors. The apps and devices seek to get connected to a reliable, decentralized network driven by smart autonomous contracts—a joined world managed by Beyond Protocol. 

The two major problems that are presently facing IoT are security and interoperability. But, Beyond Protocol's resolution aims to be solid and refined—a highly adaptable protocol that connects blockchain and hardware signatures, thus making way for a suitable base. Blockchain is an unyielding public ledger that aims to form a reliable record of network activities. Here, hardware signatures seek to determine each network device, allowing a safe basis for cooperation in a secure environment.

Beyond Protocol aims to employ a proof-of-stake consensus protocol to confirm block transactions. The mechanism seeks to allow validators to connect or lock up $BP to donate to the security and management of the blockchain. The proof-of-stake protocol aims to work across all the related applications within the Beyond Protocol network.

Every user partaking in staking can acquire rewards and vote for the protocol's future. A user needs to stake $BP tokens to participate in the block validation. After the block is executed, the transaction prices are collected and dispersed based on the ratio of staked tokens.

The staking awards can be acquired any time after a transaction is ended. The commissions differ between validator nodes, while the calculated commission percentage is approximately 10% to 15%. If a stake is 10,000 $BP, the award can stand up to 1,500 $BP per transaction.

Jonathan M. Manzi, Denis Benic, and Gurvinder Ahluwalia are the cofounders of the token.