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”.