concept and expanded it into other areas – the most developed of which is our energy project , which has been going really well . This is really a way of setting a new standard in a post-trade space , initially in the gas industry .” After establishing that several energy businesses could work well not just together , but with a startup , phase two – OneOffice – kicked off in December 2017 as production run . At the end of this segment in June , BTL will conduct a parallel run through the entire back-office process , beginning at confirmation . However , it ’ s in everything after the initial trading agreement that BTL truly adds value with its platform .

“ There are three pillars that Interbit is built on as a blockchain ,” says Halford-Thompson . “ The three pillars are privacy , scalability , and perhaps most importantly , ease of adoption .” Ease of adoption , particularly in an industry like energy where blockchain is a less familiar concept , is key . For any business , trying to hire experts in specific fields such as this is nigh on impossible – so what did BTL do ? Implement a familiar , simpleto-use code . “ We built Interbit in JavaScript , which has been around

Hugh Halford-Thompson , CIO , BTL

for years ,” the CIO explains . “ It ’ s very easy to build , maintain and support applications using that , and most of our clients will already have an internal team , and existing software libraries , to help them , making it easy to adopt and following existing programming patterns .”

For the other two pillars of privacy and scalability , BTL has ensured that Interbit blockchains can be connected together – without that , privacy and scale are unachievable . The analogy Halford-Thompson offers is that to reach a certain amount of scale with a traditional system , one wouldn ’ t simply get a bigger server , but rather a series of servers working in parallel .

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