BLOCKCHAIN
of chains of data communicating with BTL ’ s Interbit platform is a breath of fresh air for a somewhat out-of-date collective .
For BTL , however , this is just the beginning . As the company continues to establish the effectiveness of Interbit on the energy industry , Halford-Thompson and his team look forward to getting involved with other prospects and chasing the way that blockchain is moving beyond being simply a buzzword . “ Blockchain is going to transform a whole load of different industries in various developments ,” he says . “ Whole markets can be transformed at one level , so people form a consortium – like we have in the gas space – and they ’ ll look at creating something together that potentially eliminates a central party and restructures the way contracting trades are done .”
Halford-Thompson concludes : “ It ’ s not an easy thing to get large corporates to work with small startups – from both sides that can be difficult – but once our documentation is out at the end of Q1 , it will show how you can build blockchain using JavaScript to meet the privacy and scalability needs of an enterprise , and that enables a whole wave of applications to be built out , adopted and deployed by companies themselves . Soon enough it ’ ll be a case of people getting left behind if they ’ re not exploring blockchain , and with banking and energy leading the way , others will jump on board a lot quicker because we ’ ve helped to provide the template .”
34 April 2018