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BTL Group (TSXV:BTL) provides Interbit megachain update

Tony Zerucha

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BTL Group (TSXV:BTL) this week provided an update on Interbit, the megachain technology platform it is building with the objective of simultaneously running more than one million chains.

BTL began developing Interbit three years ago to overcome the limitations of single blockchain platforms. Following the release of the second version in April, BTL concluded revenue possibilities and its competitive position would be enhanced if it significantly increased the platform’s chain-joining and chain generation capacity. The redesign is to be completed during 2019’s first quarter.

“To achieve megachain scale in this current post-blockchain era, the Interbit platform has been crafted as a recursive function,” CTO Tom Thompson said. “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.”

In the previous two Interbit versions, 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.

BTL is also pursuing a licensing and development arrangement with Helix Applications, a newly established application development company. Negotiations focus on giving Helix access to the Interbit platform until platform development is completed in Q1 of 2019.

On Sept. 20 BTL announced the filing of a sixth patent application for the Interbit platform – the “Hyperconvergence Application”.

“In addition a clear endpoint for development of the Interbit platform has been set – when it can run a megachain scale demonstration, fully emulated inside of another megachain solution, and the system correctness is self-proving, the platform will be ready for external auditing for production deployments,” BTL said in a release.

Tony Zerucha

Tony Zerucha is an alternative finance journalist with more than seven years experience in the space. The author of more than 1,000 articles, Tony was named LendIt's 2018 Journalist of the Year.

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