Details

Last Funding Type

Series Unknown

Last Funding Money Raised

€10M

Industries

Blockchain,Information Technology,Software,Universities

Founded date

Oct 1, 2018

Operating Status

Active

Legal Name

Concordium AG

Also Known As

Concordium Blockchain

Concordium is a privacy-focused blockchain for enterprises and governments, and the first project to have an innovative user identity layer built-in at the protocol level. Based in Zug, Switzerland, Concordium utilizes smart contracts and the cryptographic concept of zero-knowledge proofs, wherein users can verify that something is true without physically seeing the evidence.
Designed to integrate with existing financial and business systems that must authenticate users’ identity on a day-to-day basis, Concordium has also been created to meet regulatory approval. While the data about network participants is anonymized on-chain, the platform retains the ability to revoke anonymity in a decentralized process only if requests are made by a legal authority. Concordium’s mainnet is due to launch in early 2021, with its incentivized testnet having already attracted plenty of interest.