Banking Podcasts

An economist’s views on distributed ledger technology

John Best discusses distributed ledger technology and its impact on credit unions with Scott Borger from the National Credit Union Administration.

Scott Borger, senior economist at the National Credit Union Administration, discusses distributed ledgers, shares use cases and concepts that he finds exciting, and turns the tables to interview John about technology, credit unions and regulations.

Scott’s shares his views on the effect of distributed ledger technology on illiquid assets, how the technology may affect the concept of ‘ownership’ and a use case that Scott finds exciting. Plus, how the distributed ledger model can help regulators, how it creates new opportunities for existing transaction types and the potential new investment marketplaces that the model facilitates.

We also cover how distributed ledgers lead to improved transparency of warranties, insurance and other assets, and can improve credit union member communications. We discuss how credit unions can plan for future technologies such as autonomous vehicles and the shared economy, and which future technologies may change how credit unions do business.

You can listen to more episodes of BIGcast, and other fintech shows, on the BankNXT podcast page. Enjoy!

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– This podcast is reproduced with kind permission. Some minor changes may have been made to the text to reflect BankNXT style considerations, but the podcast itself is always unchanged. Read more here. Photo by Chris Li on Unsplash.

About the author

John Best

John Best, CEO of Best Innovation group, is recognized as a thought leader and visionary of technology advancements and financial application development within the credit union industry. He is the founder of the BIG Podcast.

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