Right, that's exactly what I want to know, the technical details you didn't get to hear about. I've been reading the whitepaper and I've started trying to implement some of what they talk about, just to see how far you can get with the whitepaper alone. Given their approach I presume that they've left out some important stuff.
I think a lot of people are under the impression that they are going to run a public chain but AFAIK they have come out definitively against this idea. Their clients are banks, and other financial operators, such as credit unions, but not the general public. It's really a private chain solution which is the established industry holy grail of blockchain distributed ledger systems.
They want the consensus aspect of the protocol to be transparent, distributed and open but the governance aspect of it to be tightly controlled by "experts".