The consulting firm Synechron is helping its clients use blockchain, a hypersecure system that could change the face of global finance. CEO Faisal Husain told us how.

Blockchain is big news in the finance world right now. A complicated database system that’s an integral part of Bitcoin, Blockchain creates time-stamped, secure blocks of data that can’t be altered. The finance world loves it: Both IBM and Microsoft are building major blockchain partnerships designed to make it easier for financial institutions to adopt the technology.

As a fintech tool, blockchain is only about a year old, but it holds major potential for banks and other institutions to protect customers and reduce overhead. This could simultaneously drive down costs for consumers and raise corporate profits.

The system’s secure data blocks make it much easier to verify money transfers and the parties involved at a given time. But because there’s a limited number of finance people conversant in blockchain, many consulting agencies are working on helping clients get up to speed with the system. The IT consulting and outsourcing firm Synechron, for instance, offers software packages called Accelerators that integrate blockchain into transactions like mortgage lending and global payments. Fast Company spoke with Synechron’s CEO Faisal Husain about what blockchain means for the finance world.