ARLINGTON, Va.–NAFCU has joined the Enterprise Ethereum Alliance (EEA), an industry-supported, not-for-profit established to build, promote and broadly back Ethereum-based technology best practices, open standards and open-source reference architectures.
NAFCU said it is the first non-profit financial services trade association to join EEA.
"NAFCU is pleased to be invited to join Enterprise Ethereum Alliance and we look forward to contributing to one of the world's leading blockchain technology initiatives," said NAFCU President and CEO Dan Berger in a statement. "With this new partnership, NAFCU hopes to bring critical knowledge of blockchain technology to the credit union industry and create an innovative environment where NAFCU members can inform technology firms of what credit unions need most."
Earlier this year, NAFCU noted it also became the first financial trade organization in the U.S. to join Hyperledger, an open-source, global collaboration effort to advance cross-industry blockchain technologies hosted by The Linux Foundation.