News Formal

IBM Cuts Credit Unions Deal For Blockchain Services In $1.7 Trillion Industry

  • 📰 Forbes
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 53%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

IBM - aka ‘Big Blue’ - and Denver-based credit union service CULedger, are to collaborate to develop new blockchain-based services for credit unions that globally have some 260 million members and over $1.7 trillion in assets. Improving customer satisfaction and building greater trust are the goals.

Platform delivers the end-to-end capabilities, which clients need to quickly activate and develop, operate, govern and secure their own business networks.

By creating a permissioned blockchain network where services can be shared among all credit unions, CULedger claims that it will improve services such as identification authentication, regulatory compliance around know-your-customer , lending and payments, while making it easier and more efficient for consumers to conduct any interactions that require authentication.

Credit union members worldwide will also have access to a CULedger issued digital credential, called “MyCUID” that adheres to the privacy-by-design requirements of self-sovereign identity supported by the Sovrin Foundation.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Smart use of BlockChain. Finally someone moving past the failed CryptoCrap. IBM is raking in an amazing amount of tech services. I honestly can't wait till QuantumComputer are scaled down enough to be sold to the individual customers

Interesting..🤔

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in AU

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

IBM Cuts Credit Unions Deal For Blockchain Services In $1.7 Trillion IndustryIBM - aka ‘Big Blue’ - and Denver-based credit union service CULedger, are to collaborate to develop new blockchain-based services for credit unions that globally have some 260 million members and over $1.7 trillion in assets. Improving customer satisfaction and building greater trust are the goals.
Source: Forbes - 🏆 394. / 53 Read more »

How Turning Down A Nearly $1 Billion Acquisition Deal Helped Foursquare See Its 10th AnniversaryTen years after its debut, Foursquare has faded in the memory of its many former fans, yet it still receives billions of monthly visitors. Foursquare shares the secret behind Foursquare's successful pivot from social media to enterprise tech, quietly maintaining its relevancy one decade on. Probably should have taken the money. And probably, in this case = definitely.
Source: Forbes - 🏆 394. / 53 Read more »