Keep pace with the rapidly evolving fintech industry by subscribing to the BIGcast Network. Get weekly insights from industry leaders John Best and Glen Sarvady, delivered straight to your preferred podcast platform. Join our community and stay informed about the latest trends shaping the credit union industry. Subscribe today and ensure you’re always ahead of the curve.
A ‘Mental Shift’ After Crash Course In Distributed Ledger Technology
Credit union professionals are getting a crash course in distributed ledger technologies thanks to a series of immersive three-day classes emphasizing innovations, services, and features.
The classes are being offered by Best Innovation Group, and began last month at CU Direct’s Innovation Lab in Irvine, Calif., with a second round set to kick off in Tampa on Feb. 14.
“The training is important in order to gain familiarity and confidence with the technology to be able to see the value to our members and business before we make any investment,” said Kevin Chandos, software architect for Olympia, Wash-based Washington State Employees Credit Union and an attendee at the first session.
“I knew the general concepts around distributed ledger, but the class has demonstrated how the technology can be used for far more than just digital currencies,” he said. “Identity is a very promising area that I find of great interest.”
According to Best Innovation Group CEO John Best, the course is designed to help organizations become less resistant to digital disruption by providing custom training and hands-on experience with the latest distributed ledger technology specifically crafted for the CU industry.