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The learning: When you solve a genuinely hard problem, you get three moats for free: Technical advantage through innovation Legal protection through patents Thought leadership in the space 2. Solve Hard Technical Problems Create multiple moats Patent protection Technical innovation Market leadership 2.
Your testing should check for security compliance, technical performance, and mobile responsiveness. Security compliance: ensure that all financial information is securely transmitted using tokenization and strong encryption across the transaction, and that the provider is in full compliance with security standards like PCI DSS.
So the first product we launched had an integration with PayPal that made it very easy for the event organizers to get all their ticket sales directly into their PayPal account as they were happening in real time. It would take days or weeks to even get approved, but you also had to go through all these hoops of PCI compliance.
The leading provider of tax compliance automation software for businesses was ranked in Deloitte’s Technology Fast 500. It still continues to gain acclaim for its growth, product, and leadership. No introduction would suffice for a giant that serves 200 million active users monthly. Finance & Accounting. Salesforce.
I mean I guess I would say one critical thing that we did early on was we got them to agree that we as a leadership team were the ones who are owning the whole sort of announce and offer process to that new company for our employees. And so they went to compliance and security and risks, right? Tina Hsiao : Yeah.
Again, to make it very simple, think about that just like a PayPal, but for the enterprise, for the Fortune 500 in the world. There’s not that many founders in the world that’s interested in doing global tax compliance for, let’s say, invoicing. Finally, we have Apps, which is just like Force.com.
The advantages of tokenizing these assets are that compliance can be hard-coded, the assets can be fractionalised, making them more affordable for some investors, and much of the back office, auditing and settlement processes can be automated, reducing transaction fees, amongst other things.
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