The Promise of Blockchain for Business
Privacy-centric, public and permissionless Blockchain, built for businesses
Regulatory compliance by design
Privacy and verification of the users’ identity
Fast transactions and high throughput for global scale
Provable and fast finality – Finality as a Service (FaaS)
Future-proof via sophisticated interoperability
White Label Production Architecture and Sharding
Easy-to-deploy smart contracts
See the Chairman of the Concordium Foundation, Lars Seier Christensen,
talk about the vision of Concordium.
Science Meets Business
Concordium is deeply rooted in science and brings to the world tech advancements on all levels of the protocol, resulting in a blockchain unmatched in cryptographic security and transaction speed.
Concordium blockchain begins with research to determine what brings value to the users and how science can best support innovations in features such as functionality, safety, and speed.
Prototyping comprises specification and implementation of the functions presented in the science papers with due consideration to both the scientific findings and the possible technical and functional implementation for building the solution in practice.
Technical specifications are created by the tech development and architectural team.
Add technical details and software architectural choices to the prototyped systems. Form the base with which the software development team programs the specification into a release candidate.
Testing & Q&A
Develop test cases from the technical specifications and ensure the final product behaves according to specification. Critical cryptographic components are also subjected to external review by experts to root out security flaws. The test team works independently of the development team.
Concordium Blockchain Research Center is developing formal verification methods for blockchain applications, a mathematical technique for proving that the software works as specified. The method of formal verification is developed for employment in high-stakes applications such as aeronautics software and banking software and is gradually applied.