VANCOUVER, BRITISH COLUMBIA and LONDON, UNITED KINGDOM--(Marketwired - March 13, 2017) - BTL GROUP LTD. (TSX VENTURE:BTL) ("BTL") is pleased to announce the addition of Jon Downing to BTL's advisory board. Over the last 25 years, Jon has successfully delivered innovation, business and technology services at some of the largest and most respected global companies, including Visa, J P Morgan, HP Enterprise Services & American Express.
Over the last two years, Jon was a key member of Visa Europe's Innovation Hub, Visa Collab, which was responsible for identifying and testing the most exciting, revolutionary ideas in payments and developing them into commercial realities. Jon setup and led the blockchain practice at Visa Collab and was responsible for leading multiple high-profile proof of concept initiatives with key start-up companies including BTL, testing ideas for new products and services across the whole payments eco-system, with specific focus and thought leadership in the blockchain and crypto-currency domain.
"I am joining BTL because I passionately believe in the transformational potential of blockchain and Distributed Ledger Technologies," commented Jon Downing. "BTL have correctly identified and solved for the privacy and scalability challenges through the innovative design and architecture of their Interbit solution - which I directly experienced during the Interbank Settlement pilot, along with BTL's focus on excellence, meeting and exceeding client expectations, along with building a compelling vision for the future. I look forward to working with BTL's leadership team and board of directors to help realise the company vision of bringing the world's critical systems into consensus."
"BTL has had a strong start to the year with the launch of our European energy pilot and continuing work in the interbank-settlement space," said Guy Halford-Thompson, BTL's Chief Executive Officer. "We believe Jon's experience in the finance space will help us accelerate commercialization of our Interbit platform. Jon's domain expertise, as well as his experience growing and managing large teams, are critical skills which BTL will greatly benefit from as we continue to expand this year."
ABOUT BTL GROUP LTD.
Operating from both Canada and the UK, BTL offers blockchain solutions to businesses across multiple industries, in particular the finance, energy and gaming sectors. BTL has built prototypes that showcase the capabilities of its Interbit platform, a proprietary blockchain based interbank payment network and settlement and asset trading solution.
Interbit is an open, multi-chain, asset settlement platform with a suite of APIs and smart contracts that allow businesses from across the world to provide global access to fast, secure, and auditable financial and asset trading services.
With offices in Vancouver and Canary Wharf in London, BTL is positioning itself as a front-runner in the blockchain ecosystem, providing advice and knowledge to industry leaders.
Certain statements in this release are forward-looking statements, which include further development of BTL's business relationships and the development and success of BTL's technologies and products, and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, the development of competitive technologies, the marketplace acceptance of BTL's technologies and products, and other factors, many of which are beyond the control of BTL. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.
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