Concordium Use Case
Philosophy.

Concordium Use Case

Philosophy.

Concordium believes that open, permission-less, decentralised blockchains that support regulation will be the future. Public permissionless blockchain gives other business model opportunities than Private permissions chains and access to users that make blockchain compelling compared to closed centralised systems, similar to how the world has invested in the internet as a baseline infrastructure versus closed intranet net.

Our ambition is to optimize the benefits of current blockchain protocols in terms of scalability, security, privacy, and decentralization while adding reporting and accountability capabilities through our unique identification layer at the protocol level. In today’s highly regulated environment, accountability, reporting and compliance are the missing parts for corporates to adopt the technology and reach the full potential of decentralization. Concordium is the only blockchain that has solved this blockchain challenge.

An option for a sandbox solution for enterprises and developers

Concordium provides reference implementations and tooling for the Concordium chain, allowing for local evaluation and sandbox execution of the entire blockchain protocol including the identity and smart contract layers. There is also the testnet environment, which allows for fast evaluation without having to set up a node.

Additionally, the nature of open protocols allows for open assessments of the codebase, allowing bugs to be spotted and addressed early on by the developers in the community. By increasing the distribution of our protocol to the public, it decentralizes the network, further protecting it from malicious actors while simultaneously increasing its value.

Concordium Global ID app

Concordium’s primary focus is to provide and continue to develop the most advanced blockchain available. Concordium, however, is also developing a Global ID app that will allow users to obtain verified digital identities from regulated identity Issuers. These identities allow a user to operate on the Concordium network in a regulatory compliant way. In addition, users can generate proofs of the attributes in the identities they were issued, i.e that they are over 18 and that a regulated identify issuer has verified this, without revealing their age or personal verification documents. This is powered by Zero Knowledge Proofs.