CALGARY, Alberta and LONDON, April 23, 2018 (GLOBE NEWSWIRE) -- BTL GROUP LTD (“BTL” or the “Company”) is pleased to announce that Interbit, its proprietary next generation blockchain platform, is available for testing and feedback. Visitors are now able to access and download Interbit from the link https://interbit.io/ and can launch their own multiple blockchain solutions and provide feedback to BTL’s support team.
“During the extensive design and development of Interbit, we learned that existing Blockchain technology could not scale on demand or provide the level of security demanded of modern computing platforms. We have now pioneered how blockchain technology can be built to ensure privacy, scale in the new world and we are very excited to be bringing Interbit to market. The hard work doesn’t stop here, as we are continue to develop Interbit and achieve adoption and commercialization across multiple industries,” said Dominic McCann, CEO of BTL.
“Interbit’s unique chain joining technology is designed to allow users to keep their metadata private in a design framework that is familiar and easy to use, of which both are essential for businesses to truly come to rely on blockchain technology over time,” said Tom Thompson, CTO of BTL. “What we have built is a next generation blockchain platform that allows users to benefit from our chain joining capability by easily and quickly building fast, scalable and secure blockchain applications. Developers can be up and running on an Interbit multi blockchain solution within minutes.”
The release of Interbit brings BTL one step closer to full commercialization, which is expected later this year.
Interbit’s key attributes are:
- A multi-blockchain platform that uses “chain joining”
- Privacy of data
- Ease of adoption and use
- Speed and scalability
- Greater protection and security against cyber threats
- Not a cryptocurrency and no tokenisation
In this testing and feedback phase, users of Interbit will be able to:
- Access the Interbit Software Development Kit (SDK)
- Navigate to open source Interbit app repos on Github
- Create their own platform blockchain account and interact with it through a blockexplorer
- Begin building multi blockchain apps
- Preview the Interbit Store
- Contact BTL for queries and support
- Receive regular platform software updates every 2 weeks
- Connect with BTL’s business leads
Interbit will move from this testing and feedback phase into its production phase upon successful completion of an independent security audit which has commenced and will be achieved through regular software releases. Further information on Interbit is available on BTL’s website from this link here http://btl.co/investor/.
ABOUT BTL™ AND INTERBIT™
Listed on the TSX Venture Exchange (TSX Venture:BTL) and operating from both Canada and the UK with offices in Vancouver, Calgary and London, BTL is a technology platform provider that owns Interbit, a next generation blockchain platform which enables business applications to be built quickly, easily and securely.
Interbit can be licensed by developers and businesses who can build and share their own applications in a trusted ecosystem, allowing them to embrace new revenue generating opportunities. Interbit meets the speed, scale and privacy that older generations of blockchain technology cannot achieve by using chain joining technology to connect multiple blockchains. It offers a simpler, more secure, new way of computing.
For further information please contact:
Dominic McCann, CEO
Phone: +1 855 256 5246
Certain statements in this release are forward-looking statements, which include further development of BTL’s business relationships and business and the timing, 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, as well as those risk factors discussed or referred to in BTL's annual Management's Discussion and Analysis for the year ended December 31, 2017 available at www.sedar.com, many of which are beyond the control of BTL. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.
The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, BTL disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, BTL undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.