Banking efficiency may not seem a matter of great importance to many, but when Jeremy Almond’s family lost their house in the wake of the 2008 financial crisis, he understood how inferior financial infrastructure can have devastating consequences. That’s in part why he formed PayStand, a company that aims to bring the ease of modern consumer transactions to the business world.

In this edition of UpTech Report, Jeremy talks with me about the challenges of implementing blockchain technology to financial behemoths, and some of the lessons he learned from early failures.