My (very basic) understanding is that they use a blockchain...

My (very basic) understanding is that they use a blockchain database and using tokens from this blockchain they are able to store information which is unalterable and has no limits on the type of data and amount of data that can be sent with it. These tokens are attached to the messages/payments and if you have the API you are able to use this token to access the information. This is for KYT and reporting/compliance purposes to bodies like AUSTRAC.


It can be integrated into current and future systems without the need to upgrade or remove anything, due to its nature, and is a tool for banks and the like to use to help with their compliance and last mile payments issues.

Data is a big part of these compliance issues and future banking activities. They were voted 2nd in a global competition for data management.

I’m sure this doesn’t really answer your question but I hope maybe this will give you something to deconstruct and get back to me with counter points for/against what I have said. This is a fairly new area to me and I appreciate your responses as they help me better understand what I am investing in and aid my research.
ed