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Tuesday, October 23, 2018

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BIG plays big role in ‘game changing’ CULedger program

As Featured on CUInsight.com

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Many of us have already heard about the game-changing CULedger program – a collective effort to build a private, distributed ledger network (similar to Blockchain), dedicated to the unique needs of credit unions. Credit union technology think tank Best Innovation Group (BIG) is leading this consortium on the tech side, which consists of CUNA, Mountain West Credit Union Association, and a growing list of credit union industry partners. BIG will research, develop, and pilot potentially useful applications for members such as trusted and portable identity in which credit unions can drive and become a leader.


Banks struggle to make blockchain fast and secure

As Featured on Ft.com

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Blockchain has become the financial markets’ biggest buzzword as banks seek modern ways to resolve old problems. But the technology is overshadowed by questions about how it can be made both secure and fast enough for large financial institutions.

 

Ending the bitcoin vs blockchain debate

As Featured on MultiChain

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The debate has been running for a while but the past month has seen a serious uptick. The question being asked is:

Is there any value in a blockchain without a cryptocurrency? And can these “tokenless shared ledgers” be called blockchains at all?

So I’ve read Bailey’s article, watched Tim’s video, read this Nasdaq post, followed Richard’s every word, and even had my own good-spirited debate (see comments) with the Counterparty foundation’s Chris DeRose. So much hot air.

One thing Chris does well is boil it down to the question: is the blockchain an economic or a computer science innovation? The implication is that if blockchains are a purely economic innovation, there is no point to blockchains without cryptocurrencies. So let me state my position at the start:

The bitcoin blockchain was both an economic and a computer science innovation.

CU Ledger Could Save Costs, Enhance Banking

As Featured on CUTimes.com

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CU Ledger, a proof-of-concept project based on distributed ledger technology and led by CUNA and the Mountain West Credit Union Association, was designed to prepare credit unions for the future.

“This could be a real game changer,” Rich Meade, chief of staff/COO for CUNA, said. “This technology could be the next email, the next internet, the next big thing, so we’re really excited about doing that.”

Prepare For A Multiple Blockchain World

As Featured on Forbes.com

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As many CIOs dig in to their digital business transformation strategies, they may wonder whether, and where, blockchain technology fits into their platforms.

Sure, CIOs at major banks and financial services companies have already launched into frenzied adoption analysis to exploit potential savings or thwart potential disrupters. Yet CIOs across industries should understand how blockchain works, and why its limitations will spawn future distributed ledger platforms for the programmable economy.

 

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