NAFCU has become part of the Enterprise Ethereum Alliance, making it the first nonprofit financial services trade association to do so, according to an announcement this week.

The Enterprise Ethereum Alliance is a nonprofit consortium of companies, academics, technology firms and industry experts focused on building out Ethereum — a type of blockchain platform aimed at designing enterprise-grade software that can handle complex business applications. The group’s vision is to provide a roadmap for features and requirements, as well as governance, licensing and resources. Ethereum said it has over 30,000 contributors in its global developer community, making it one of the “most popular and mature blockchains” available.

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