BTL Group’s Guy Halford-Thompson explores blockchain uses beyond FinTech on #TheDisruptors

btlgroup

Guy Halford-Thompson, CEO of Vancouver-based BTL Group, recently went on The Disruptors and told co-host Amber Kanwar that he’s a big believer in innovation, not disruption.

BTL Group offers blockchain solutions to businesses across multiple industries. The company is currently looking into the finance and energy industries, and partnered with Visa Europe in September 2016 to explore blockchain technology for banks. But Halford-Thompson stressed that opportunities can be found in every industry.

“I don’t think we can underestimate the size of opportunity here. People have already seen the opportunity of blockchain in finance. And that’s really just the tip of the iceberg,” said Halford-Thompson. “Blockchain is going to drastically reduce the complexity of infrastructure in every single industry.”

Anytime a company wants to selectively share data, either with the public or outside the company, blockchain is going to apply.

Kanwar asked what the barriers to entry are for the blockchain solutions company. Besides technology, which the team has spent a lot of time developing, its main challenge has been around education. “We’re going to companies that sometimes have never heard of blockchain and we’re essentially saying we have a magic box that we can implement in your company that’s gonna save you a lot of money,” said Halford-Thompson.

The challenge to BTL Group is in being able to demonstrate the opportunity and ensure people are comfortable with it.

Watch the full pitch below:

BetaKit is a production partner on The Disruptors. Tune in to BNN every Thursday night at 7pm for full episodes!

Madonna Dennis

Madonna Dennis

Madonna Dennis is a staff writer at BetaKit. She’s a fourth-year journalism student interested in healthtech. She’s passionate about tight-knit teams working together, which is why she’s so fascinated by startup culture. Madonna’s hobbies include dragon boating, singing, and hosting a YouTube show about cat news.