Other Featured News & Articles

Imagine a company that can verify the background of a new employee and onboard them with the click of a single virtual button, or a banking customer who can verify their identity for a loan without exposing personally identifiable information – again with a click of a button. That's the potential blockchain holds for decentralized identity management

Innovation has made communication, information gathering and payments digital, portable, fast and automatic — a fundamental reordering that has revolutionized how people and companies engage with each other and the world.

The problem is, that revolution's got a big hole: Digital identity. 

In the last of a three-part focus on 2018’s credit union tech trends, industry experts highlight the growing importance of tech partnerships, distributed ledger technology, business banking, compliance and security.

The Sovrin Foundation was thrilled in May 2018 when Denver-based CULedger applied to become a Founding Sovrin Steward. CULedger is a credit union service organization (CUSO) that focuses on delivering innovative applications to credit unions through its distributed ledger platform (DLT). Their flagship product, MyCUID, is a DLT built platform that enables credit unions to detect and prevent call center fraud, enables self-sovereign identity for members, and will run on the Sovrin Network.

CULedger's Chief Engagement Officer Julie Esser has been traveling the globe as of late to share the many benefits of distributed ledger technology (a.k.a. blockchain) for credit unions worldwide.