A year ago CULedger showcased a test version of its
MyCUID customer identity system. Today it
announced it’s working with IBM to develop additional blockchain applications.
CULedger originally started as a blockchain consortium and became a credit union service organization (CUSO) which a month ago confirmed a
Series A funding round of $10 million.
Its flagship solution MyCUID was developed in conjunction with identity startup Evernym and uses the
Sovrin Network which is based on Hyperledger Indy. When a credit union member phones a call center their identity is verified using a Sovrin-based mobile app, as opposed to the usual mother’s maiden name type of questions. CULedger’s technology partner BEST helped them to integrate MyCUID with voice banking so members can use MyCUID combined with Amazon’s voice appliance Alexa to make transfers.
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