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

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IBM cuts a credit unions deal for blockchain services in the $1.7 trillion industry

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.

 

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