Btltm Files Latest Strategic Patent and Expands Its Vision FOR Its Interbittm Blockchain Platform
BTLTM FILES LATEST STRATEGIC PATENT AND EXPANDS ITS
VISION FOR ITS INTERBITTM BLOCKCHAIN PLATFORM
For Immediate Release
Canada / London, UK September 20, 2018
BTL GROUP LTD. (TSX Venture: BTL) (“BTL” or the “Company”) announces that it has filed a
sixth patent application - or the “Hyperconvergence Application” - as the latest strategic patent
filing for the Interbit TM platform, the 3 rd generation blockchain platform being developed by the
Company with the intention of being a mega-chain platform (supporting millions of blockchains),
that will overcome the limitations of single blockchain platforms. BTL began development of the
InterbitTM platform following insights and learnings from projects undertaken with major financial
services companies and energy companies based in Europe.
“While our patent strategy has remained unchanged, the vision for the mechanics and
functionality of our Interbit TM platform has expanded to millions of blockchains being supported,
along with targeted applications and blockchain solutions,” said Tom Thompson, CTO of BTL and
inventor of the Interbit TM platform. “Since the InterbitTM platform’s release in April for feedback
and testing, we have been presented with demand scenarios that require scaling up to millions of
blockchains and accordingly we are taking steps to upgrade the platform’s capabilities to attempt
to meet those challenges.”
The Hyperconvergence functionality set forth in this Hyperconvergence Application allows a
single application blockchain to control different hypervisors, across different nodes, and to control
the hypervisor it is running on, allowing a single blockchain direct control of all the hardware those
hypervisors are running on.
“In the last 12 months we have seen new demand for complex mega-chain scale solutions running
millions of blockchains that we intend to address by unique features in our Interbit TM platform,"
said Dominic McCann, CEO of BTL.
The first two of the six patent applications filed for the Interbit TM platform were submitted in
October 2017 and define the platform’s chain joining capability and the underlying Hypervisor
architecture.
In conjunction with the InterbitTM platform’s release feedback and testing, three additional patent
applications were also filed:
- Payload Layer – conventionally, storing a very large file on a blockchain takes time and
prevents that blockchain from processing tasks while the file is being stored. The Payload
Layer allows large file transfer with only a small reference file being stored on the
blockchain, thereby allowing the blockchain to continue normal processing during the large
file transfer.
TM
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- Chainception – Interbit blockchains can spawn new blockchains, and this application
covers automatically distributing these new chains across multiple hardware hosts as
children of the parent chain.
- Side Effects – Side Effects refer to hardware interactions effected by blockchains. The
results of those interactions may be obtained in two ways: they can be delegated to a
single node to perform, or delegated to multiple nodes to perform with the results from
those nodes being, for example, averaged.
The patent pending Interbit TM blockchain platform and its underlying Hypervisor architecture
address scalability and privacy, which remain as two key challenges that blockchain technology
faces as demand scenarios for blockchain solutions rapidly increase in complexity. The InterbitTM
platform’s advantages address these challenges as follows:
1. The Hypervisor architecture seeks to enable thousands and then millions of blockchains
per server to operate and connect efficiently with one another.
2. Connecting blockchains allows:
a. solutions to scale horizontally, targeting combined network throughput rates in the
hundreds of thousands of transactions per second;
b. solutions to hold enterprise scale data volumes targeting the petabyte range; and
c. networks of Interbit blockchains to directly communicate with one another.
3. The Hypervisor was built to address one of the main challenges for blockchain technology,
ease of use. Developers use familiar tools and languages when building on the Interbit TM
platform.
4. Written in pure Javascript, the Hypervisor runs natively in modern browsers allowing direct
access to blockchains without needing to first connect to a server - the browser becomes
one of the nodes.
ABOUT BTLTM AND INTERBITTM
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 the InterbitTM platform, a 3 rd generation blockchain platform which enables business appli-
cations to be built quickly, easily and securely.
The InterbitTM platform 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 its chain joining technology to connect multiple blockchains.
It offers a simpler, more secure, new way of computing.
Website: www.btl.co & www.interbit.io
Twitter: https://twitter.com/blockchainltd & https://twitter.com/interbit
Videos: https://youtu.be/YFOH0YEHLak & https://youtu.be/eWI-0AXaZgc
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For further information please contact:
Dominic McCann, CEO
Phone: +1 855 256 5246
Email: [email protected]
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 (including, without limitation, successful
development of the Interbit platform such that it can support millions of blockchains), approval of
the patent applications filed by BTL and the patents granted in connection therewith, 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.