Press Release:

Blockchain Concordium and Blockchain Academy Network receive a Grant of One Million Euros to Develop Blockchain Education Courses


23 December 2019

Danish Industry Foundation awards grant to pursue blockchain education initiatives for C-suite executives.

Zug, Switzerland – December 20, 2019   Concordium, the world’s leading open- source, permissionless and decentralized blockchain with built-in identity management at the protocol level, together with its partners, has received a grant of one million euros from the Danish Industry Foundation to develop an online blockchain education course geared toward C-suite executives.

Blockchain Academy Network will educate company leaders in the use of blockchain technology as part of a new two-year project. The purpose of the initiative, which is targeted at senior executives and IT and Digital managers in Denmark, is to give them an insight into the blockchain concept, not only from a technological viewpoint, but also from managerial and business-related perspectives. The partners behind the initiative are the Alexandra Instituttet, Concordium Blockchain Research Center Aarhus at Aarhus University, the Institute of Future Studies, the European Blockchain Center at the IT University in Copenhagen and Concordium.

Lone Fønss Schrøder, CEO of Concordium, comments: “Blockchain technology opens up many possibilities for further democratizing market forces for the benefit of people and companies. It’s important to educate people about the possibilities of this technology and which factors are important when choosing a blockchain technology. As one of the world’s only blockchains, Concordium has built-in user ID, is poised to meet regulatory demands, is secure and fast, and is a ‘green’ blockchain in the sense that it doesn’t entail the irresponsible energy consumption that many other blockchains do. All these are important factors for people and companies wanting to reap the potential of blockchain technology.”

Part of the EUR 1 million (DKK 6.7 million) grant will support the creation of a globally accessible,
online course available through Concordium’s website. Concordium’s course aims to provide a general insight into blockchain. Modules will include what blockchain is, how companies can use blockchain successfully, how to evaluate different blockchain platforms, and how to approach, develop and implement use cases.

“We’d like to thank the Danish Industry Foundation for this significant seal of approval and look
forward to delivering high-quality blockchain modules informed by key industry insights,” Lone Fønss Schrøder concludes. Besides the many education activities on offer under the new project, a blockchain panel will be set up with the purpose of stimulating a shared, future-oriented dialog on how to strengthen the competitiveness of Danish businesses from a blockchain perspective.

Lone Fønss Schrøder, CEO of Concordium, is available for interview.

About Concordium
Swiss-based Concordium is creating the world’s leading open-source, permissionless and decentralized blockchain with built-in identity management at the protocol level. Concordium enables regulatory compliance, allowing businesses to harness the power of blockchain technology.

Concordium’s protocol is deeply rooted in the latest scientific research in collaboration with the
Concordium Blockchain Research Center at Aarhus University, Denmark, and ETH Zürich, Switzerland. Among the protocol’s key features are sharding, formal verification, transactional privacy and smart contract flexibility, enabling the network to operate at unprecedented speed and security.

These advancements place Concordium at the threshold of a new paradigm shift, one that will
change the overall tenor of the space and leave older blockchains behind in the wake of a new
generation of projects for the future economy.

Concordium’s team has unmatched professional experience across multiple disciplines and
industries, with senior executive leadership hailing from some of the world’s leading organizations
and from the highest levels of government and systemically critical banks.

Media Contact
Alette Pramming // Concordium
Head of Communication
P: +45 53735750
E: ahp@concordium.com