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Tuesday, September 19, 2017

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Best Innovation Group
/ Categories: Distributed Ledger

US credit union consortium plots blockchain use

As Featured on BankingTech.com

CULedger, a collaborative effort among Credit Union National Association (CUNA), Best Innovation Group, the Mountain West Credit Union Association, PSCU and other industry partners are examining blockchain with a view to piloting applications.

The organisations and Glenbrook Partners, a consulting and research firm, have collaborated on a white paper “Blockchain and the Credit Union: The Asset Transfer Revolution”.

George Peabody, partner at Glenbrook Partners, says blockchain “may function as an asset custodian, improve record keeping, support remittance and settlement functions, and even automate contracts”.

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