BTL™ Files Patents on Connected Blockchain Platform Interbit™ and Underlying Hypervisor Architecture

BTL Group (TSXV:BTL) has announced it has filed patents on its enterprise blockchain platform, Interbit™.
As quoted in the press release:

Interbit is a third generation blockchain platform with unique ‘connecting’ capability developed by BTL after it became apparent that second generation blockchains would not scale to meet enterprise demands as the technology matures. BTL confirmed through pre-commercial and confidential beta testing that its Interbit platform consistently exceeds customers’ requirements in many sectors, including finance and energy.
“Interbit now has the capacity to operate and inter-connect many thousands of Interbit blockchains per server in a secure, private, and scalable manner. We realized very quickly that single blockchain solutions such as current generation two offerings would not allow blockchain technology to fully realize its transformative capabilities in the years ahead – we needed Interbit to scale far beyond what already exists in the blockchain space. Our new capabilities clearly define what generation three blockchains are capable of,” said Tom Thompson, CTO of BTL. “During our successful pilots we have proven Interbit’s privacy and scalability capabilities, securing it as a recognized enterprise grade blockchain platform. Interbit has also been designed for ease of use by customers, allowing it to be integrated into existing IT infrastructure in a quick and simple manner, not seen before in our industry.”
Interbit allows practical creation of blockchain-based solutions through JavaScript applications. Designed specifically to address modern enterprise requirements and to position the Company with an industry leading blockchain solution, Interbit is currently in beta after being in development over the past two years. The Interbit Hypervisor is Interbit’s underlying architecture designed to enable “chain-connecting” which allows for multiple, inter-connected blockchains to operate at scale, while maintaining privacy where required. The patent filings are an important milestone in BTL’s growth as it clearly defines the Interbit platform’s unique features and is an integral part of progressing projects with existing and new clients going forward.

Click here to read the full press release.