Standard Chartered's group chief information officer, Michael Gorriz, explains the strategy behind the bank's work with KYC Chain and initiatives such as Singapore's PayNow.
The startup hopes banks will want to join its network if it gains scale among remittance wallets.
The trade-finance fintech must convince B2B customers they are safer using blockchain instead of manual processes.
Blockchain is a database that is shared, encrypted, distributed and based on consensus about what is true.