BTL Group Advances 2017 Blockchain Strategy Around Interbit

BTL Group LTD., the enterprise technology platform provider that built private blockchain Interbit, has provided a progress update and strategic outline for the rollout of Interbit in a Beta version during the upcoming third quarter of this fiscal year.

Guy Halford-Thompson, BTL’s Co-Founder and Chief Executive Officer, announced: “We are very proud of what we’ve achieved at BTL to date, which includes getting our Interbit platform to the Alpha state, along with funding in place to support development of the next phase. Having successfully completed pilot projects in the energy sector, and the finance space with Visa, we are more confident in our blockchain technology than we’ve ever been and have a more transparent roadmap for Interbit’s route to market. We have built the Interbit platform specifically with enterprise in mind to help companies overcome many of the challenges they face today such as the high cost of maintaining legacy IT frameworks, speed of data transfer, data loss, reconciliation and cybersecurity.”

 

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