DH Corporation (“D+H”), a leading financial technology provider, announced this week that it has successfully integrated blockchain distributed ledger technology into its global payments services hub.
The company, headquartered in Toronto, said that the blockchain solution was built as an extension of its Global PAYplus solution, which helps financial institutions manage all payment types – including high value, mass and immediate payments – and all currencies in one integrated system, domestically and across national borders.
It further added that this integration suggests that D+H's payment hub technology is adaptable to blockchain technology and can integrate this technology to meet evolving P2P client payment needs.
Using its payment hub, financial institutions will be able to utilize a secure, closed loop distributed ledger system to connect bank networks, transfer money in real-time, and improve access to liquidity. Moreover, it will also facilitate P2P payments to be made in real-time, benefitting from the anonymity feature inherent in blockchain technology to ensure security and reduce risk.
"This breakthrough technology further positions D+H as a leader in payments," says Moti Porath, executive vice president, Global Pre-Sales, D+H. "D+H has made significant investments in blockchain and distributed ledger innovation, and will continue to explore new use cases and partner with players like Ripple to pursue other opportunities."
Speaking to AllCoinsNews, Porath said D+H is using a multi-chain, private blockchain. When asked whether the company is using Ripple’s platform, Porath replied that although D+H does provide direct access to Ripple, this solution is not based on the Ripple platform and can provide access to any number of real-time gross settlement (RTGS) systems.
D+H is now in active discussions with banks to implement this payment solution with integrated blockchain capabilities.
