Grasping the possibilities of bitcoin, blockchain and distributed ledger technologies is a key component of CU Ledger, a current proof-of-concept project led by CUNA and the Mountain West Credit Union Association.
The project, initiated at last year's CUNA National Credit Union Roundtable, an annual program run by CUNA and opened to members and nonmembers, aims to create a permissioned, distributed, shared ledger platform for credit unions.
The MWCUA spearheaded the initiative after attending a blockchain technology presentation led by John Best, CEO of the Colorado Springs, Colo.-based Best Innovation Group, and a CUNA consulting partner.
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