BTL Group Launches Beta Version of its Blockchain Platform, Interbit

BTL is preparing patent applications for its Interbit blockchain platform, planned for no later than Q4.

BTL GROUP LTD. (TSX Venture: BTL) has announced the launch of the DX Beta version of its proprietary blockchain platform, Interbit. The beta sets the goal of demonstrating the developer experience of interacting and building applications directly on Interbit and brings the platform closer to being launched in a live commercial environment. It is being distributed to a number of selected partners who will provide critical feedback.

Guy Halford-Thompson, CEO, BTL Group

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“This is the first time BTL clients and partners have been able to put Interbit directly in the hands of their technical teams, rather than through BTL’s development team, and marks a major milestone in Interbit’s continued development,” said Guy Halford-Thompson, BTL’s CEO. “I would like to congratulate the entire development team on achieving this milestone, as well as the business teams who have supported them.”

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Company updates

As we reported in June, BTL has seen interest from a now larger consortium in the ‘go-to production phase’ of its European energy trading project. This phase is designed to build on the recently completed European energy pilot, and if it proceeds it will seek to create a live, commercial version of an energy trading solution that will demonstrate significant cost savings that can be applied across numerous areas of the energy sector.

“The level of interest we are now seeing in the go-to production phase is exciting, but we are committed to keeping the group at a manageable level to ensure we deliver the most value within the aggressive timelines we have set,” said Dominic McCann, BTL’s Executive Vice-President, Sales & Marketing.

BTL is preparing patent applications for its Interbit platform, with the expectation that those filings be made by no later than Q4 of this year. BTL also announces that it has filed its interim financial statements and Management’s Discussion and Analysis for the period ended June 30, 2017.

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