PODCAST: The promise of blockchain
Royal CU CTO Pete Nohelty ‘peers around the corner’ to see where this technology is heading.
As chief technology officer for $2.3 billion asset Royal Credit Union in Eau Claire, Wis., Pete Nohelty aims to “peer around the corner” to where the industry is going and where technology is headed.
Increasingly, that means creating a frictionless experience for members, he says, or getting from “point A to point B in a way that’s fast, easy, and effortless.”
Nohelty has been active in exploring how credit unions can use blockchain and distributed ledger technology.
While many people still associate blockchain with cryptocurrencies, Nohelty says the technology has many other uses.
In this episode of the CUNA News Podcast, Nohelty discusses credit union applications for blockchain, the technology’s potential long-term effects on credit unions, his biggest concerns regarding cybersecurity—and his early days of technology.
Nohelty addressed the 2018 CUNA Technology Council Conference in San Francisco.
Learn more about the CUNA Technology Council, a member-led community of credit union technologists dedicated to providing relevant resources and tools to its members, at cunacouncils.org.