BTL Group Files Interbit Blockchain Patent For “Hyperconvergence Application”
Vancouver based BTL Group Ltd has filed a sixth patent application – or the “Hyperconvergence Application”, as the latest strategic patent filing for the Interbit platform, the 3rd generation blockchain platform being developed by the Company with the intention of being a mega-chain platform, that will overcome the limitations of single blockchain platforms.
The intention behind the development of this platform is to provide blockchain technology at the hypervisor level – the infrastructure technology at the heart of server virtualization. BTM Group started working on this mega blockchain platform after getting feedbacks and insights from various companies from financial and energy sectors.
Speaking on the occasion, Tom Thompson, CTO of BTL and inventor of the InterbitTM platform said,
“While our patent strategy has remained unchanged, the vision for the mechanics and functionality of our InterbitTM platform has expanded to millions of blockchains being supported, along with targeted applications and solutions.”
The Hyperconvergence functionality set forth in this Hyperconvergence Application allows a single application blockchain to control different hypervisors, across different nodes, and to control the hypervisor it is running on, allowing a single blockchain direct control of all the hardware those hypervisors are running on.
“In the last 12 months we have seen new demand for complex mega-chain scale solutions running millions of blockchains that we intend to address by unique features in our Interbit [TM] platform,” said Dominic McCann, CEO of BTL.
The company also filed three additional patent applications in conjunction with the Interbit platform:
Payload Layer: The Payload Layer allows large file transfer with only a small reference file being stored on the chain, thereby allowing the chain to continue normal processing during the large file transfer.
Chainception: Interbit can spawn new blockchains, and this application covers automatically distributing these new chains across multiple hardware hosts as children of the parent chain.
Side Effects: Side Effects refer to hardware interactions affected by blockchains.
Notably, the patent-pending Interbit blockchain platform addresses two main issues in the blockchain arena-scalability and security, which still remain the main obstacles in a broader adoption of the blockchain.