BTL Group Advances 2017 Blockchain Strategy Around Interbit Platform

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Canada’s BTL Group has announced a progress update and strategic outline for the rollout of Interbit, its proprietary private Blockchain technology platform, in a Beta version during the upcoming third quarter of this fiscal year.

“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,” said Guy Halford-Thompson, BTL’s Co-Founder and Chief Executive Officer. “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,” he continued.

Following on from the success of pilot projects in 2016, BTL has been able to set a clear strategy for the 2017 financial and calendar year. In Q3 2017, which starts in July, BTL plans to accelerate Interbit’s go to market strategy by launching a Beta version of the platform, and shifting the focus onto enabling key clients to build their own applications on Interbit directly.

“We believe that enabling key clients to build on Interbit will create a growing pipeline of new business for BTL. Having successfully raised CAD$3,105,000 during our latest fundraise completed in April 2017, we have the ability to ramp up our technical resources and expand our teams in both Canada and the UK. By adding the right people to our highly experienced Blockchain technology team, our aim is that BTL and our Interbit platform will become a leading technology solutions provider,” added Guy Halford-Thompson.

During 2016, BTL’s highlights have been the successful completion of pilot projects with major global enterprises in both the finance and energy spaces. In these pilot projects, BTL has used its Interbit platform to demonstrate how it can use innovative processes to vastly reduce the complexity of transactional IT infrastructure, thus reducing risk and costs for enterprises.

In January 2017, BTL successfully launched the Alpha version of Interbit to undertake a European energy pilot. With this pilot past the halfway mark, the focus is to develop the framework for a commercial product and operating model for the conclusion of the pilot.

About Richard Kastelein

Founder of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) – Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
 
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
 
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He’s written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
 
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein’s professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he’s travelled for nearly 30 years as a Canadian expatriate living around the world.
 
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, “The Hitchhiker’s Guide to the Seas’ travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he’s raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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