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BTL™ Provides Development Update on Interbit™ Megachain Platform (Version III)
Nov. 07, 2018 08:28AM PST
Blockchain InvestingBTL Group (TSXV:BTL) has announced an update to its Interbit platform. As quoted in the press release: Following the release of Interbit™ (version II) in April 2018, the Company concluded from feedback that the revenue possibilities and its competitive position would be enhanced if it significantly increased the chain-joining and chain generation capacity of the platform. …
BTL Group (TSXV:BTL) has announced an update to its Interbit platform.
As quoted in the press release:
Following the release of Interbit™ (version II) in April 2018, the Company concluded from feedback that the revenue possibilities and its competitive position would be enhanced if it significantly increased the chain-joining and chain generation capacity of the platform. Since then, the Company has re-architected the InterbitTM platform (version III) towards this unique megachain vision, which it targets to complete in Q1 of 2019.
“To achieve megachain scale in this current post-blockchain era, the Interbit™ platform has been crafted as a recursive function. The property of the underlying Interbit™ platform to be able to execute in emulation mode, another running version of itself, is the purest test of completeness that any software platform can aspire too. The fractal like nature of the platform allows a lightness, speed, and a self-healing characteristic well beyond databases with cryptography, or even single chain blockchains. The self-proving correctness of recursion is necessary for stable operation at the megachain scale,” said Tom Thompson, CTO of the Company.
- In the previous two versions of the Interbit™ platform, chain-joining served to facilitate external interaction, whereas in the latest iteration of the platform, chain-joining now characterizes all interaction of internal and external exchanges of data. As the platform now contemplates operating across fleets of computers at megachain levels of data exchange and shared computation, consistent chain-joining across all data exchange points is required.
- The Company also advises that it is seeking to come to terms on a licensing and development arrangement with Helix Applications Inc. (“Helix”), a newly established application development company. These arrangements target giving Helix access to the Interbit™ platform and its unique capabilities until platform development is completed, which is expected in Q1 of 2019.