Blockchain will be as transformative for business as the internet has been

New research from Intrinsic Insights commissioned by BTL Group (TSX Venture: BTL) has revealed that after reduced costs, the main benefits of blockchain technology are greater data security and protection against cyber threats. The research also revealed:

  • Privacy of data is the highest priority amongst people in IT at the moment
  • Two thirds of respondents have trialled or are using blockchain technology
  • Nearly half of respondents who have not worked with blockchain tech yet will do so in next 2 years

Nearly 9 in 10 technology professionals believe blockchain technology will be as transformative for business as the internet has been. At a time that concerns over data are at their highest, blockchain technology is considered a very adept way to provide greater privacy.

In a world of increasing concerns over the security and integrity of our data, individuals and businesses are realising the inherent benefits that applications built on blockchain technology can provide when keeping people’s data private,” commented Dominic McCann, CEO of BTL Group. “This research also illustrates just how many businesses are looking at using blockchain and of those that are yet to explore it, there is a significant proportion looking to do so in the next two years.

After two years of high profile and successful blockchain projects, learning how blockchain can be developed better, on Monday 23rd April, BTL Group will be test launching Interbit its multiple blockchain platform – a next-generation platform that has unique “chain joining” capability specifically created so that developers and businesses can quickly, easily and securely build applications.

Tackling these issues head-on, after two years of development and investment, Interbit’s unique “chain joining capability” has the capacity to inter-connect many thousands of Interbit blockchains per solution, in completely private, secure and horizontally scalable manner, addressing the shortcomings of.

A token-free blockchain platform, Interbit has been developed for ease of use. Whether users be a global enterprise, business innovator or software developer, the platform has been written in JavaScript to produce a level of simplicity that is efficient for users and requires no need to learn new programming languages or tools.

Tom Thompson, CTO of BTL Group Ltd. said:

After two years of successfully completed high profile proof of concepts, significant investment and committed development, we are ready to release our Interbit platform for testing and feedback. What we have built is a next generation blockchain platform that allows users to benefit from our chain joining capability by easily and quickly building fast, scalable and secure blockchain applications. Developers can be up and running on an Interbit blockchain within minutes.

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