DH Corporation, a leading provider of technology solutions to financial institutions globally, today announced that it has successfully integrated blockchain distributed ledger technology into its global payments services hub. D+H is now in active discussions with banks to implement this payment solution with integrated blockchain capabilities.
“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.”
The blockchain solution was built as an extension of D+H’s Global PAYplus solution, which helps financial institutions of all sizes manage all payment types — including high value, mass and immediate payments — and all currencies in one integrated system, domestically and across national borders.
This milestone demonstrates that D+H’s payment hub technology is adaptable to blockchain technology and can integrate this technology to meet evolving peer-to-peer client payment needs. Financial institutions using D+H’s payments hub will be able to utilize a secure, closed loop distributed ledger system to connect bank networks, move money in real-time, and improve access to liquidity. Using the solution, peer-to-peer payments can be made in real-time, benefitting from the anonymity inherent in blockchain technology to ensure security and reduce risk.