Revolutionizing Banking: D+H and Rabobank’s Groundbreaking Blockchain Partnership

The Blockchain Breakthrough

In a significant stride for the financial services industry, D+H has proudly announced the successful testing of its proof-of-concept Blockchain in collaboration with Rabobank, a heavyweight in the Netherlands’ banking landscape. This partnership marks a pivotal moment as both entities explore the untapped potential of Blockchain to improve payment systems.

The Players Involved

Rabobank, with its impressive annual revenue nearing $15 billion, proves to be anideal partner for D+H. Together, they navigated the complexities of testing Coin Sciences’ multi-chain Blockchain solution, signaling a promising future for cross-border payments.

Proven Results of Real-Time Payments

The duo claims to have established the proof needed to process cross-border payments in real-time through their innovative Blockchain. Heimen Schuring, Head of Channel Support & Payment Engine at Rabobank, shared, “Rabobank has been able to validate the processing of Blockchain payments in its own environment. We have seen meaningful results that tell us that further exploration of Blockchain functionality is worthwhile.” It seems the future of efficient transactions is knocking on the door!

Potential for Banking Collaboration

While details of their tests are still under wraps, Rabobank hints that the achieved Blockchain solution could support financial institutions with trillions in trading volume — imagine the coffee you could buy with those transaction fees saved! They’re also advocating for a closed-group initiative among banks and financial services to leverage this technology for asset transfers.

Looking Forward with D+H

Since first dabbling in Blockchain technology in 2014, this project represents Rabobank’s inaugural deep dive into testing. As they continue to refine the capabilities of Blockchain, D+H will stand by Rabobank’s side, transforming vague ambitions into tangible results. Moti Porath, Head of Product Management at D+H, emphasized the transformation of cross-border payments, saying, “Leveraging D+H’s global payments hub solution, the bank recognizes that cross-border payments can be made in a more efficient way.” The financial landscape is about to shift — hold onto your wallets!