NAFCU Joins Enterprise Ethereum Alliance

NAFCU became a part of global blockchain initiative
08 December 2017   1678

On December 07 The National Association of Federally-Insured Credit Unions (NAFCU), a U.S. trade organization, announced it has joined Enterprise Ethereum Alliance (EEA), a business-focused blockchain consortium. NAFCU 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. 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.

 

Dan Berger

President and CEO, NAFCU

EEA's members include more than 300 organizations in technology, financial services, government, healthcare, energy, pharmaceuticals, and a number of fast-growing Ethereum startups.

NAFCU's Cybersecurity and Payments Committee will also engage with EEA to discuss ways for credit unions to get directly involved with the blockchain community.

Recently, we reported that PetroBLOQ joined to Enterprise Ethereum Alliance.

Cobalt & Lithium Supplies to be Tracked With DLT

The platform will be created by the Everledger together with Circulor using Hyperledger Fabric
26 March 2020   913

Everledger, a British startup, has partnered with Circulor to develop a platform based on the Hyperledger Fabric blockchain to track supply chains of cobalt and lithium.

Everledger specializes in using blockchain to combat counterfeiting of precious stones, in particular diamonds. The company’s management said it intends to expand its business using blockchain to control the supply of rare minerals used in the production of batteries.

Well-known carmaker Mercedes Benz is already using Circulor technology to track its supply of cobalt and its carbon footprint. Circulor and Everledger share a similar concept - with the help of the blockchain they control the observance of social and environmental standards in mining. Therefore, startups decided to develop a joint product.

Everledger co-founder Leanne Kemp and Circulor CEO Doug Johnson-Poensgen said their solution will work on the Hyperledger Fabric blockchain. The possibility of interacting with IBM is also being discussed.

Poensgen added that the platform will be used not only to track cobalt production in the Democratic Republic of Congo, but in different regions of the world. For example, lithium mining in the Atacama desert leads to water pollution, so the solution on the blockchain is aimed at preventing environmental disasters.