Blockchain Tech Startup BTL Group Set to Go Public Friday

A Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term technology startup, BTL Group Ltd. (CVE:BTL), is scheduled to go live on the TSX Venture Exchange on Friday.

The startup, an unfamiliar name in the industry until now, says that it will be launching a solution for borderless instant money transfers using blockchain technology. Its platform, Interbit, would be used for remittances from Canada or the UK to several countries in South America, Southeast Asia and Africa.

Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term's blockchain and analogous distributed ledger systems inspired by it are envisioned to streamline the transfer of securities, currencies and other assets. BTL says that its solution can reduce the cost of remittances to some countries by 80%.

Not too many other details are available on the startup's website, whose headline simply highlights its successful listing on the TSX Venture Exchange. It joins Vogogo (CVE:VGO) as another crypto-oriented startup on the exchange (It is now unclear if GoldMoney (CVE:XAU), formerly BitGold, also makes use of the blockchain).

It reversed merged with Northern Aspect Resources Ltd, a holding company traded on the exchange whose market capitalization is roughly C$3 million ($2.23 million).

BTL also stated that it has secured C$2 million ($1.52 million) in funding from a number of individual investors and UK-based Vela Technologies.

Furthermore, it says to have been recently accepted into FinTech accelerator Level39 in London.