Blockchain technology developer BTL has announced that it has been invited to showcase its blockchain technology at the BC Tech Summit which is being held today and tomorrow in Vancouver. During the summit, BTL will be launching its remittance platform, Interbit. To showcase its benefits, there will be a live demo showing real-time remittances from Canada to the Philippines and Mexico and displaying their low transaction costs. In addition, BTL will be meeting with a number of companies who are looking for opportunities to innovate using blockchain technology. BTL is hoping to developing strategic business relationships and a client base for its blockchain technologies.
Guy Halford-Thompson, CEO of BTL, commented: “Now that core development of the Interbit platform is completed, BTL will be working on the development of strategic business relationships to embed this platform into broad based remittance products, while expanding the number of countries to which customers will be able to remit money. Strategically leveraging blockchain technology into our Interbit platform should reduce the cost of remittances by over 80%.”
BTL has also started development on BTL Digital Asset Management, an immutable data store built on blockchain technology that aims to provide enterprise level customers with secure data manipulation platforms that can be applied to numerous industries. Applications include auditing, data security, biometric authentication and settlement.
BTL has achieved the material milestones that it set out for 2015 by completing core development on Interbit and its listing on the TSX Venture Exchange. In 2016, BTL intends to continue to utilize blockchain technology to build real world applications that will solidify its position in the blockchain sector.