Vela Technologies Share Discussion Threads

[daicaprice] 06/11/2017 15:46

Way undervalued down here should be closer to .45p by my reckoning.

DC

[oakville] 03/11/2017 04:55

BTL up again over here. People excited about this company, Vela is fast becoming the share that has been forgotten about. I see at least a five fold increase in the share price here.

[oakville] 01/11/2017 07:24

I bought my third batch of BTL on Monday.

[oakville] 01/11/2017 07:22

BTL going from strength to strength.

[moormoney] 31/10/2017 10:54

Nice one million buy today.

[ny boy] 31/10/2017 10:52

Happy being patient, breakout will come this quarter. GLA

[ny boy] 25/10/2017 11:15

Patience required here

[oakville] 23/10/2017 07:28

BTL had a good Friday.

[hazl] 19/10/2017 19:31

Seems to still be picking up a bit of interest despite the drop today.

[hazl] 18/10/2017 09:02

Did you just....meant!

[hazl] 18/10/2017 08:59

'Interbit is a third generation blockchain platform with unique 'connecting' capability developed by BTL after it became apparent that second generation blockchains would not scale to meet enterprise demands as the technology matures.'

It certainly seems unique oakville with its scalability on one hand yet able to be implemented in companies existing networks nonetheless.
Do you just throw that out there or have you some surety about your statement?

[oakville] 18/10/2017 07:56

I am in Canada and BTL will be taken out before end of January !

[oakville] 18/10/2017 07:54

Every week this company improves.

[oakville] 18/10/2017 07:54

Slowly slowly catch a monkey..

[ny boy] 18/10/2017 07:39

Nice holding in BTL, within an exciting growth area.

Looking to add more of these if the market gives me a better price but doubt it, should start moving into the 0.30’s soon. Steady as she goes Captain!

[someuwin] 18/10/2017 07:08

18 October 2017

Vela Technologies plc

("Vela")

Update re BTL Group Ltd

The Board of Vela (AIM: VELA), the investing company focused on early-stage and pre-IPO disruptive technology investments, is pleased to note the announcement made yesterday by BTL Group Ltd ("BTL") regarding Interbit, BTL's proprietary private blockchain technology platform.

Vela holds, as at the date of this announcement, 610,900 common shares in BTL equivalent to approximately 3.3 per cent. of BTL's issued share capital. BTL is listed on the TSX Venture Exchange, on which the closing mid-market price on 16 October 2017 of BTL's common shares was C$4.82 per share which values Vela's shareholding in BTL at approximately C$2.94 million (equivalent to £1.78 million at today's prevailing exchange rate*). In addition, Vela holds a total of 66,666 warrants in BTL. 41,666 warrants are exercisable at a price of C$1.50 for a period expiring on 17 December 2017 and 25,000 warrants are exercisable at a price of C$3.25 for a period expiring on 6 April 2019.

Extracts from the BTL announcement are copied below:

BTL™ Files Patents on Connected Blockchain Platform Interbit™ and Underlying Hypervisor Architecture

VANCOUVER, BRITISH COLUMBIA and LONDON, UNITED KINGDOM--(Marketwired - Oct. 17, 2017) BTL GROUP LTD. (TSX VENTURE:BTL) ("BTL" or the "Company") is pleased to announce that it has filed patents on its enterprise blockchain platform Interbit™. Interbit is a third generation blockchain platform with unique 'connecting' capability developed by BTL after it became apparent that second generation blockchains would not scale to meet enterprise demands as the technology matures. BTL confirmed through pre-commercial and confidential beta testing that its Interbit platform consistently exceeds customers' requirements in many sectors, including finance and energy.

"Interbit now has the capacity to operate and inter-connect many thousands of Interbit blockchains per server in a secure, private, and scalable manner. We realized very quickly that single blockchain solutions such as current generation two offerings would not allow blockchain technology to fully realize its transformative capabilities in the years ahead - we needed Interbit to scale far beyond what already exists in the blockchain space. Our new capabilities clearly define what generation three blockchains are capable of," said Tom Thompson, CTO of BTL. "During our successful pilots we have proven Interbit's privacy and scalability capabilities, securing it as a recognized enterprise grade blockchain platform. Interbit has also been designed for ease of use by customers, allowing it to be integrated into existing IT infrastructure in a quick and simple manner, not seen before in our industry."



Interbit allows practical creation of blockchain-based solutions through java script applications. Designed specifically to address modern enterprise requirements and to position the Company with an industry leading blockchain solution, Interbit is currently in beta after being in development over the past two years. The Interbit Hypervisor is Interbit's underlying architecture designed to enable "chain-connecting" which allows for multiple, inter-connected blockchains to operate at scale, while maintaining privacy where required. The patent filings are an important milestone in BTL's growth as it clearly defines the Interbit platform's unique features and is an integral part of progressing projects with existing and new clients going forward.



"Filing patent applications for the Interbit platform allows us to position BTL as a leader in the blockchain technology space as it clearly defines our offering as a highly scalable enterprise blockchain development platform with interoperability embedded. We are very close to delivering Interbit into a live environment as a product that will leapfrog all existing blockchain technologies. This will position the Company to meet and exceed the increasingly complex demands for blockchain solutions across all industries," said Dominic McCann, CEO of BTL. "Blockchain technology must meet the security and scalability expectations of the enterprise and be easy to work with before enterprise adoption will scale. Interbit, delivers on both."



Scalability & Privacy via the Interbit Hypervisor



The patent pending Interbit blockchain platform and its underlying Hypervisor architecture addresses scalability and privacy, two key challenges that blockchain technology faces in order to make it relevant to enterprise, as follows:



1. The Interbit Hypervisor architecture enables thousands of Interbit blockchains per server to operate and connect efficiently with one another.

2. Connecting Interbit blockchains will allow:

a. solutions to scale horizontally, targeting combined network throughput rates in the hundreds of thousands of transactions per second;

b. solutions to hold enterprise scale data volumes targeting the petabyte range; and;

c. n etworks of blockchains to communicate with one another directly.

3. The Interbit Hypervisor was built from the ground up to address one of the main challenges for blockchain technology: ease of use. Developers use familiar tools and languages when building on Interbit.

4. Written in pure java script, the Interbit Hypervisor runs natively in modern browsers allowing direct access to Interbit blockchains without needing to first connect to a server - the browser becomes one of the nodes.



ABOUT BTL™ AND INTERBIT™



Listed on the TSX Venture Exchange (TSX VENTURE:BTL) and operating from both Canada and the UK, BTL is an enterprise technology platform provider that is developing Interbit, a proprietary third generation blockchain platform. Via Interbit, BTL can help companies greatly reduce risks and costs by securely streamlining existing IT infrastructures. BTL has successfully demonstrated how Interbit can innovate and transform existing business processes for leading companies in the finance, energy and gaming sectors.



Interbit is a fast, private, and scalable inter-connected blockchain platform. Via its suite of APIs and smart contracts, Interbit allows businesses around the world to improve efficiency in trading and operations, accelerate development of internal systems, and embrace new revenue generating opportunities, while providing the high levels of security, resilience and auditability required in regulated enterprise environments.



With offices in Vancouver and Calgary, Canada and London, UK, BTL is positioning itself as a front-runner in the blockchain ecosystem, partnering with and enabling enterprises on Interbit in order to improve their existing IT systems.



Website: www.btl.co

Twitter:

Videos: and



*Based on the exchange rate as on 17 October 2017 of C$1: GB0.603793.

[ny boy] 16/10/2017 16:37

Steady as she goes, chart technicals look good.

Looking forward to more positive news flow this year & into ‘18

[daicaprice] 16/10/2017 16:19

Great volume today, should see the last of .2’s if it continues tomorrow.

DC

[hazl] 16/10/2017 10:29

What happened to Social Superstore NY any idea?
I wondered if it had changed it's name but I imagine we must have sold it .
Can't find relevant RNS...probably me.

[hazl] 16/10/2017 10:10

' Vibe Tickets is an open fan-to-fan ethical ticketing platform that allows fans to exchange tickets with other trusted members of the Vibe community. Vibe Tickets helps to directly connect buyers and sellers of tickets to popular events across the world. Vibe has been recommended by Which? and, following the recent success in the Virgin Media Business VOOM competition (Vibe Tickets were rated as top 3), Vibe Tickets has won the support of Sir Richard Branson and Virgin Media who are continuing to provide promotional support to Vibe Tickets. Vibe Tickets has recently launched an "app" and has a stated strategy to disrupt the secondary ticket market. Vibe Tickets was founded in 2013 by Luke Massie.'
puts it into a different league with those names listed there.

What I also like about this firm is they don't keep asking investors for funding(famous last WORDS) they get their funding elsewhere.
IMO

[ny boy] 16/10/2017 10:07

Chart in a rising trend channel, support @ 0.24p there is room to move to test top of rising channel to say 0.4p ish, if that breaks then should see 0.5p+

[someuwin] 16/10/2017 09:50

Looks very interesting.

[hazl] 16/10/2017 09:36

Good for you ....guess you felt 'the vibe' sooner than some....
been here a while myself. 8-)