The blockchain as a next generation payment processing transmission system that is both decentralized and ultra secure. It has the ability to hold, transmit and transfer value from sender to receiver in seconds.
A good analogy is how some mobile payments allow money transfers to happen over a protocol called Short Messaging Service or SMS. The protocol to transfer value is via text and the end points are mobile phones.
Veem identifies the best possible route for a payment to take to maximize speed and reduce cost. Veem will utilize the blockchain to process a transfer if it is the best route for users.