DIOLkOS gig payment solution
Diolkos provides a new solution for real-time exchange of universal payment types. Universal includes all fiat currencies plus non-currencies such as Loyalty Program Reward Points, Purchase Tokens and Gift Certificate/Coupons for both domestic and international cross-jurisdictional operation. This will be the only exchange and inter-FI inter-jurisdiction Risk Management methodology designed to manage all of these payment types. The design of this system is a true distributed ledger architecture providing redundancy, privacy, and decentralized delivery.
Suffice it to say that the end-users of the solution will execute using touchless QR Codes to exchange payments. It’s as simple as tap is today with a few user selectable options for situations that call for flexibility.
Security and Payor control are carved in stone as a design principle. Funds are not released by the Payor’s bank without full and confirmed authorization. Payee’s enjoy the same rule on Deposits. Nothing happens without full awareness of the parties involved.
There is plenty to be excited about. All of the current hot technologies are included in the delivery of the solution and without a doubt the Diolkos platform will spawn the development of additional end-user devices.
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