Earlier, we discussed the concept of promises, and how fintechs should see themselves as being in the business of managing warehouses of promises, that is, managing promises between banks and clients on their behalf. But because promises are non-fungible, warehousing will require a new ledger semantics, one that will ultimately make auditing transactions easier and that provides greater protection for customers and other fintechs in the value chain.In this article, let’s dive into the concept of...