CULedger, LLC, is gaining distributed ledger legs with its MyCUID initiative, a consumer-focused, global digital-identity solution, which it expects will enhance the already-trusted relationship between members and their credit unions.
"MyCUID is intended to really transform the credit union industry in providing the first universal digital credential," Julie Esser, chief engagement officer for CULedger, said. "This is not just a U.S. initiative. This is a global initiative."
CULedger, a consortium of U.S. credit unions exploring potential use cases for distributed ledger technology, began in 2016 as a "research to action" initiative. Its mission aimed to deliver innovative applications in a permissioned, distributed, shared ledger platform for credit unions.
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Roy Urrico
Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).
