CUNA blockchain webinar attracts audience of 350

first_img 4SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr In a Thursday webinar, CUNA Chief Operating Officer/Chief of Staff Rich Meade invited credit unions to participate in the CULedger Open Source Project, a system-wide initiative exploring the potential of blockchain technology.CUNA, the Mountain West Credit Union Association (MWCUA) and their system partners seek to enlist participants while developing a prototype platform before launching, Meade said during a webinar that attracted 350 callers, and likely hundreds more listeners joining them. Meade said the idea is to create interoperability among credit unions regardless of their core systems, third-party products or platforms for quick adoption to the blockchain.“We want as many credit unions to participate in this proof of concept as possible,” Meade said. “The more participants we have, the more nodes we have, the better we will be able to validate the data and the more reliable that platform will be.”CU Ledger Open Source Project organizers are asking for suggested financial contributions from credit unions that want to get involved in the project: $1,000 for credit unions with assets of under $500 million; $5,000 for credit unions with assets of $500 million to $1 billion; and $10,000 for credit unions with assets of more than $1 billion. continue reading »last_img

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