CULedger, Evernym Release Digital ID Blockchain for Credit Unions
The DLT-based system, known as MyCUID, is billed as a way for members of credit unions to protect themselves from identity theft and fraud.
Mastercard, IBM and the provincial government of British Columbia are among the founding members of the Trust over IP (ToIP) Foundation.
The COVID-19 Credentials Initiative (CCI) is working on a digital certificate to help stop the spread of the virus without compromising user privacy.
The Sovrin Foundation, a digital ID non-profit, laid off all paid employees after failing to secure funding for an SEC-compliant token issuance.
Overstock's Medici Ventures has invested in blockchain ID firm Evernym in a $2 million seed round for potential equity.
Credit union consortium CULedger will use IBM's Hyperledger Fabric, in addition to several other blockchains it's been working with.