Concordium at a Glance
Concordium offers a trustable state-of-the-science solution with self-sovereign identification at the protocol level and confidentiality using Zero Knowledge Proof cryptography.
Concordium Blockchain is designed and built to provide a distributed execution platform that supports regulatory compliance for Fintech and other industries. Network fees are low, predictable and stable in Euro terms.
Concordium proposes the most trustable state-of-the-science solution with self-sovereign identification at the protocol level and confidentiality thanks to ZKP cryptography.
A high performing distributed execution environment for everyone
Concordium exhibits top-tier features in throughput, speed, security, and stability as a state-of-the-science blockchain.
Fast
Concordium’s dual consensus mechanism finalizes a given transaction in the following block. The finalization layer is a Byzantine Fault Tolerant agreement between qualified nodes.
Secure
The choice of a Nakamoto-style Proof of Stake mechanism as the first layer of consensus offers the best guarantee of network resistance to attacks while minimizing energy consumption.
Decentralized and permissionless
Concordium is a public network open for everyone to join. It is suitable for decentralized use-cases, where the distributed system can operate without trusted third parties.
Stable
Network fees are designed to be stable (in Fiat terms) and predictable thanks to an oracle that feeds in the CCD/€ price.
Using Concordium
The Concordium blockchain offers a distributed execution platform for participants of various ecosystems to move their business relations from inefficient legacy platforms and automate their interactions without intermediaries. These ecosystems become more transparent, and markets become more efficient by digitizing assets and transacting securely on the distributed ledger using programmable settlements.
Here is how Concordium brings value:
Business
Confidentiality and accountability are two core expectations when transacting globally. The Concordium network supports these principles while enabling the respect of regulatory requirements.
End-users
End-users of distributed applications have the opportunity to adopt the first and sole blockchain that bridges between the current regulatory-compliant financial world and the new DeFi world.
Public authorities
Public authorities have a mandate to protect people and prosecute criminals. Most jurisdictions consider that this involves controlling some areas of financial flux. Concordium provides mechanisms for legitimate official agencies to investigate.
Running on Concordium
The Concordium blockchain relies on various actors who play different roles.
Builders and Distributed Application Developers
Concordium offers a unique environment to build decentralized applications and shared tools using powerful programming languages (Rust, WASM and Haskell). Examples of the different kinds of distributed applications that developers can build on top of Concordium include:
Node Operators
Node operators, also known as “Bakers”, run the Concordium Node Client software on their computer or on a dedicated server.
Accountability & Confidentiality
Confidentiality functionality of Concordium is the cornerstone of its value-proposition. Beyond the excellence of the consensus algorithm and other technical features, it is the A&C approach that the most differentiate Concordium from the other blockchain platforms.
In a nutshell:
This approach allows developers to be confident that their distributed applications built on Concordium can withstand regulatory scrutiny (in particular for DeFi applications).
This is the average finalization time for a transaction on Concordium, after which the risk of roll-back is prevented.
This impressive scientific background from top notch universities in Europe and Asia is at the base of Concordium technological excellence.
This is the energy cost to run a node on Concordium: the equivalent of one full charge of an electric car, or 12 litres of gasoline. Concordium continually works to be a sustainable platform. Running a Concordium node uses vastly less energy than alternative platforms that use PoW (Proof of Work).
"Concordium supports regulatory compliance with built-in user identity at the protocol level, allowing businesses to harness the power of blockchain technology."
Concordium Technical Roadmap
Our roadmap is a dynamic and living path, like all engineering work is. Here is an overview showcasing the journey on which Concordium is engaged in order to deliver on its promises.
- Mainnet launch
- 2-layer Consensus Protocol
- Account creation based on validated identity
- Private and encrypted transaction
- Anonymity recovery by authorities to support regulatory requirements
- Smart Contracts written in Rust (Wasm-on-chain language)
- Mobile wallet (iOS / Android)
- Desktop wallet with keys protected in Ledger
- Delegation to pools and lock-up pool
- Memo functionality on transactions and possibility for sub accounts
- Token standards - design patterns for token development (CIS-1)
- Smart contract templates - accelerated development
- Update of smart contract framework - configurable sizing and sync calls
- ID libraries - activate ID attribute functionality on-chain
- Concordium Explorer - blockchain data in presentable format
- Mobile Wallet usability upgrade
- Exchange and custodian wallet integration
- Software Development Kits - Go, .NET, NodeJS extension for Dapp development
- Local Development environments beta for smart contract development
- JSON-RPC Node interface
- Ecosystem Portal - Concordium matchmaking
- Improve developer documentation
- Scalability through sharding beta
- Additional key management features and account policy
- Tools for decentralized node governance
- Token swapping mechanism
- Bi-directional bridge - connecting CCD to the wider ecosystem and bringing stablecoins to Concordium
- Oracle support - connecting CCD to mainstream finance
- Web based wallet - full CCD functionality supporting Dapps and Identity management
- Local development environment for smart contract development
- Smart Contract Development framework - compile, test, deploy workflow
- Extensive web3.js library
- Smart contract libraries
- Asset store and developer portal upgrade
- Smart contract reference implementations
- Standardized Cloud and IPFS storage integrations
- Initial formal verification of smart contracts
- Additional smart-contract languages - smart contract compilers
- State proofs to improve node queries and restart
- New consensus protocols - configurable consensus
- Data stores - blockchain data indexer for real time queries
- Node hosting and exposure
- Regulatory and compliance assets - Compliance as a service
- Transaction monitoring as a Service
- Smart contract reference implementations
- Workbench integrations
- Web and desktop based smart contract IDE
- Decentralization governance framework
- Asset store and developer portal upgrade
- Software certification
- Anonymous transfers with accountability
- Reward mechanism update
- Randomness for smart contracts
- Workbench integrations
- Automated backend infrastructure for Dapp development
- Decentralized product governance contributions
Grant Programs
This ambitious program is running in an open-source way and aims to fund projects that support both the Concordium Ecosystem and the RustLang Ecosystem.
The Concordium Free & Open Grants Program seeks to allocate resources to open-source developers and projects that are beneficial to the advancement of the Concordium ecosystem.
Concordium Team
Concordium brings together world-class cryptographic researchers, outstanding software engineers, and business leaders with global enterprise experience across multiple disciplines and industries. Thanks to this unique mix of competencies and backgrounds, the women and men of Concordium together thrive to enable the bridge between science, development, and day-to-day usage.
Lars Seier Christensen
Lars Seier Christensen
Lars Seier Christensen is Chairman of the Swiss non-profit Concordium Foundation. With over 30 years of experience across the banking and financial sector, Seier Christensen is a global pioneer in FX and derivatives trading, having co-founded the online trading and investment platform Saxo Bank in 1992. He served as co-CEO of Saxo Bank for more than 20 years, in which time the bank grew to 1,500 employees across 150 locations serving customers in 170 countries. SaxoTrader, the bank’s flagship online trading offering, was launched in 1998 and was one of the first online FX trading platforms in the world. SaxoTrader has since grown to become one of the world’s most complete multi-asset trading platforms. Seier Christensen is also the founder and sole owner of Seier Capital, a private equity and venture capital firm which specializes in investments in angel, seed, and A-round stage companies. The firm invests in art & fashion, financial services, food and beverages, sports & entertainment, social media, and technology industries.
.png)
Lone Fønss Schrøder
Torben Pryds Pedersen
Jørgen Hauglund
Beni Issembert
Michael Jackson
Michael Jackson
Michael Jackson serves as an advisor to Concordium. Mr Jackson was the COO for Skype for the first four years, creating a €400Mio product line. Following this, and ten years as Partner in leading Venture Capital fund Mangrove Capital , Michael is deeply involved in the Crypto ecosystem. He was an early member of Bitcoin Foundation, member of the board of Blockchain.com, advisor to several projects and author of widely cited reports and comment pieces on the disruption of Asset Management and Private Equity by Distributed Ledger based blockchain. Michael also sits on the board of large, systemically regulated companies – AXA Insurance, Volvo Cars and Luminor Bank keeping day to day knowledge with current needs and trends of mission critical companies and technology. He is also a guest lecturer at University College London MBA on the Business of Telecoms
Concordium Press Releases
Press releases from Concordium.
Concordium Joins Stakeholders in Blockchain Technology Association of Nigeria (SiBAN)
Concordium, the first layer-1 blockchain with built-in protocol level user identity, becomes a member of SiBAN to provide sovereignty and social justice for the future economy via its regulatory compliant blockchain solution.
Concordium Joins Stakeholders in Blockchain Technology Association of Nigeria (SiBAN)
Concordium, the first layer-1 blockchain with built-in protocol level user identity, becomes a member of SiBAN to provide sovereignty and social justice for the future economy via its regulatory compliant blockchain solution.
Arivu announces partnership with Concordium for a blockchain-based ESG platform to eradicate greenwashing
Arivu and Concordium announce a partnership for an innovative blockchain-based ESG platform to tackle emerging ESG regulation and compliance challenges, and eradicate greenwashing.
Arivu announces partnership with Concordium for a blockchain-based ESG platform to eradicate greenwashing
Arivu and Concordium announce a partnership for an innovative blockchain-based ESG platform to tackle emerging ESG regulation and compliance challenges, and eradicate greenwashing.
Crypto Needs to Get Real About Compliance
To achieve mainstream adoption, crypto needs to work with existing financial regulations—which is why Concordium's blockchain is designed with built-in regulatory compliance.
Crypto Needs to Get Real About Compliance
To achieve mainstream adoption, crypto needs to work with existing financial regulations—which is why Concordium's blockchain is designed with built-in regulatory compliance.
Concordium Monthly Updates
Join the
Concordium Community
