MADISON, Wis. — CULedger, the CUSO that is leading a blockchain initiative in credit unions, has joined the World Council of Credit Unions as a member.
CULedger was founded by CUNA Strategic Services and Credit Union Strategic Partners, along with the Mountain West CU Association and Best Innovation Group. CULedger has already successfully demonstrated a working proof of concept around a decentralized digital identification for call center authentication. As CUToday.info has reported, CULedger has established relationships with Evernym, Sovrin Foundation and Swirlds to ensure international interoperability with other digital identity systems.
"We are pleased to welcome CULedger to our membership base, encourage their active participation to expand services provided to members and strengthen the global credit union movement,” said WOCCU President and CEO Brian Branch.
CULedger is working to provide blockchain, identity and digital services to credit unions around the world.
“We’re honored to join World Council and are very passionate about their mission. We believe we’re uniquely positioned to help cooperatives stay relevant in the digital ecosystem and look forward to supporting them and their membership,” said John Ainsworth, president/CEO of CULedger.
CULedger joins more than 89 affiliated country World Council member organizations serving more than 235 million people globally.