>>> BTL Group Ltd., a technology company, focuses on developing blockchain technologies for businesses across various industries. The company?s Interbit is a secure multi-chain technology platform that allows enterprises to build their own applications focusing on trading, settlement, remittance, audit, and back-office processes. Its technology platform is a remittance business, known as Xapcash, which, combined with its proprietary technology, Interbit, is focused on leveraging blockchain technology to create ?cash-in cash-out? settlement solutions from Canada and the United Kingdom to target countries. BTL Group Ltd. primarily serves finance, energy, and gaming sectors. The company is headquartered in Vancouver, Canada. <<<
CuriousWon, That makes sense about the larger companies like MSFT and IBM being the likely winners in the blockchain/DLT sector. Just wondering what it is about BTL Group that you find so intriguing? Thanks.
One thing I noticed was that its chart doesn't necessarily follow in lockstep with Bitcoin, which is probably a plus :o)
Market cap: $62.59 million; current share price: $3.34
BTL is a Vancouver-based company that offers blockchain solutions across multiple industries–from banks to energy, and even to fantasy sports. BTL has a money transfer platform using distributed-ledger-technology and smart contracts, called Interbit.
On that note, the company announced in June that it is “taking steps towards a go-to production phase” of the Interbit, having completed its European energy trading pilot. As noted in the press release, the 12-week pilot included building the framework on an energy trading confirmation solution to BTL’s platform, which was tested in 8 different scenarios.
“At BTL we truly believe that, by using blockchain technology and our proprietary platform, Interbit, there is a better and more efficient way for enterprises to build applications,” Guy Halford-Thompson, cofounder and CEO of BTL said. “Having demonstrated the reductions in risk and cost savings that are achievable we now have an opportunity to deliver the first successful blockchain based application to the energy market. We are also very excited that the pilot has enabled participating companies to better understand the benefits of Interbit and identify other areas in their organizations where they can apply it.”
At the end of August, BTL Group announced the beta launch of Interbit as it becomes closer to being launched in live commercial environment.
While the company’s headquarters are in Vancouver, BTL Group also operates in Calgary and Canary Wharf in London, England.
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