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In recent years, the tech industry has been buzzing with mentions of blockchain. As headlines continue to tout blockchain’s world-changing potential, many still find themselves asking, “What is blockchain?” With all the noise surrounding this technology, it’s no surprise that many executives still wonder what it actually means for their credit unions and whether the blockchain is truly here to stay.

Media hype aside, blockchain’s potential continues to be realized daily. To write it off at this stage could be a significant lost opportunity for one’s business. In order to discern how and why a credit union might be able to utilize blockchain technology, the first step is to understand exactly what it is.

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