CUBlockchain is now CULedger!
Why the change?
It once appeared that "blockchain" would be the universal term for Distributed Ledger Technology (DLT), as it has been used that way for some time. However, "blockchain" is increasingly associated with only one particular type of DLT: permissionless, proof-of-work ledger systems, such as Bitcoin. (In fact, you'll sometimes see references to "the blockchain," as if there were only one. This phrasing refers specifically to the Bitcoin blockchain, and its usage is often intended to further the hope--and the goal--that Bitcoin become the end-all be-all for all things DLT.)
In our view, the most exciting innovation (and most relevant to FI's) is happening in the field of "permissioned" DLT, which is fundamentally different than permissionless/proof-of-work blockchains. R3 CEV's Corda is one shining example of permissioned DLT. Another is Ripple. This paper, written by Tim Swanson, the Director of Market Research at R3, goes into the differences between permissionless and permissioned DLT in great detail.
To be crystal clear: Permissioned DLT, like R3's and Ripple's, is the core technology behind CULedger and Evernym's Sovrin identity platform, not permissionless/proof-of-work like Bitcoin.
So, to avoid conflating our "permissioned" DLT with this more narrow definition of "blockchain," we'll no longer be using the term "blockchain" in our name or in references to our own technology.
It is clear to us (and to R3, Ripple, and many others) that permissioned DLT will be the future for financial institutions, and for digital identity, and we're excited to help Credit Unions take full advantage of the exciting opportunities this technology brings.