Concordium’s vision is to unlock the potential of blockchain
for the future economy.

Concordium’s vision is to unlock the potential of blockchain

for the future economy.

The Concordium aims to build the world’s leading open-source, permissionless, and decentralized blockchain with built-in user identity at the protocol level. Concordium supports regulatory compliance, allowing businesses to harness the power of blockchain technology.

Concordium is a science-based proof-of-stake blockchain created with business applications in mind. It is the first blockchain with identification built into the protocol to meet regulatory requirements, while delivering a user-friendly platform that can handle smart contracts. Concordium is developed by professionals with global multi-sector experience and in collaboration with the Concordium Blockchain Research Center Aarhus (COBRA) at Aarhus University and Swiss Federal Institute of Technology (ETH). The network will eventually be fully decentralized, the code open source, and further development orchestrated through an advanced governance mechanism.

Blockchain technology

Blockchain technology is one of the most important innovations in recent times. The technology will rationalize financial systems and support user-owned platforms, provenance, and rights registration. However, the technology needs to mature in respect to safety, accountability, and usability before mainstream business will start building true infrastructure on blockchains. Concordium will provide this mature blockchain technology to the world.

Regulation

Concordium is convinced that the future of blockchains lies within the boundaries of regulation. Blockchain will power existing businesses and enable new business models but also enable regulation of all transactions on this novel infrastructure. Concordium’s built-in user identity at the protocol level supports regulatory compliance, allowing businesses to harness the power of blockchain technology.

Global Transaction Unit

To fuel the most advanced blockchain, Concordium will introduce a digital currency called Global Transaction Unit (GTU). Stay tuned to the official Concordium news media for news about listing.

See Chairman of the Concordium Foundation, Lars Seier Christensen, talk about the vision of Concordium.