Compliant by design
Confidential by nature
Welcome to Concordium’s blockchain.
A blockchain that’s compliance ready with today’s and tomorrow’s economies. That enables private and public transactions. That offers high throughput, fast transactions, and predictable fees. That allows businesses, developers, and traders to harness blockchain’s true power and potential.
Any of that sound good to you?
Well, that’s Concordium. Made for the future economy.
ID built-in
Concordium’s decentralised blockchain technology is the first with layer-one ID built into the protocol. This means it offers forward-thinking businesses, application developers, and cryptocurrency traders unrivalled security, privacy, transparency and most importantly, compliance with regulations, if and when these come through.
Confidential and accountable
Confidentiality and accountability are the cornerstones of Concordium. In fact, they’re what separate us from other blockchain platforms. In a nutshell:
This unique approach to privacy also means businesses and developers can feel 100% confident their distributed applications can withstand regulatory scrutiny (especially DeFi applications).
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.
Regulatory compliance
Our unique ID disclosure mechanism – with an ID-layer at the protocol level – allows regulators to revoke privacy to identify suspected bad actors and illegal transactions.
Privacy-focused
Our unique protocol-level ID layer uses self-sovereign ID and zero-knowledge proof to protect privacy. This creates trust for users, while meeting regulatory compliance.
Fast finalisation
With Concordium, you have a unique finalisation scheme guaranteed – not days, not hours, but seconds. And all with no rollbacks.
Low, stable transaction fees
Our native token $CCD is pegged to fiat currencies (USD or EUR), so transactions fees are low, stable and predictable.
Low carbon impact
Using Proof of Stake to achieve blockchain consensus is 80%+ more energy efficient than Proof of Work approaches. Using fewer nodes and compiled programming languages limit energy use further.
Using Concordium
The Concordium blockchain offers a distributed execution platform to various ecosystems, so participants can replace legacy platforms with digitised, automated, and intermediary-free interactions. Ecosystems become more transparent and markets become more efficient by transacting securely on the distributed ledger, using programmable settlements.
Here's the value Concordium brings to:
Business
Confidentiality and accountability are two “must-haves” when transacting globally. Concordium’s network supports these principles cost-effectively, while fully accommodating regulatory requirements.
End-users
End-users of distributed applications can adopt the first and only blockchain that truly spans both the current regulatory-compliant financial world and tomorrow’s new DeFi world.
Public authorities
Public authorities are duty-bound to protect people and prosecute malign, fraudulent or criminal activity. Concordium provides mechanisms for legitimate agencies to achieve this, while maintaining the integrity and privacy of law-abiding organisations and individuals.
Running on Concordium
The Concordium blockchain relies on various actors.
Builders and Distributed Application Developers
Concordium offers a unique environment to build decentralised applications and shared tools, using powerful programming languages (Rust, WASM and Haskell). Distributed applications developers can build using Concordium include:
Node Operators
Node operators, also known as “bakers”, run the Concordium Node Client software on their computers or on a dedicated server.
KPIs
Average finalisation time for a transaction on Concordium, after which the risk of roll-back is prevented.
The science that sits behind Concordium’s technology has been peer-reviewed by experts at many of Europe’s and Asia’s top universities.
Energy to run a node on Concordium is equivalent to fully charging an electric car, or 12 litres of petrol) and a lot less than other platforms that use Proof of Work. We continually strive for better sustainability.
"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 technology roadmap is a dynamic and living thing, like all engineering work is. Here’s an overview showcasing the journey we’re on to deliver what we’ve promised to.
- Delegation to pools and lock-up pool
- Memo functionality on transactions and possibility for sub accounts
- Account alias
- Token standards - design patterns for token development (CIS-1)
- Update of smart contract framework - configurable sizing and sync calls
- CCDScan - Visual explorer for blockchain data
- Mobile Wallet usability upgrade
- Exchange and custodian wallet integration
- Software Development Kits - Go, .NET, NodeJS extension for Dapp development
- Improved 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 Programmes
This ambitious programme, run in an open-source way, aims to fund projects that support both the Concordium and RustLang ecosystems.
The Concordium Free & Open Grants Programme allocates resources to open-source developers and projects that benefit and advance 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. This unique mix of competencies and backgrounds enable the women and men of Concordium to bridge the gap between science, development, and day-to-day use.
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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.
Lone Fønss Schrøder
Jørgen Hauglund
Kåre Kjelstrøm
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.
Digital Trust Solutions to Act as Global ID Verification Provider for Concordium Blockchain
Digital Trust Solutions (DTS), a software development, management and consultancy firm specializing in customer compliance, and Concordium a Web 3 company providing a Layer-1, proof-of-stake blockchain with built-in ID layer to ease regulatory compliance, announce today a new partnership, where DTS will act as global ID verification provider on the Concordium blockchain.
Digital Trust Solutions to Act as Global ID Verification Provider for Concordium Blockchain
Digital Trust Solutions (DTS), a software development, management and consultancy firm specializing in customer compliance, and Concordium a Web 3 company providing a Layer-1, proof-of-stake blockchain with built-in ID layer to ease regulatory compliance, announce today a new partnership, where DTS will act as global ID verification provider on the Concordium blockchain.
Why businesses need to move on blockchain
Concordium is a Business Reporter client. Businesses need to act now to ensure they are ready to take advantage of the potential of blockchain in the future economy.
Why businesses need to move on blockchain
Concordium is a Business Reporter client. Businesses need to act now to ensure they are ready to take advantage of the potential of blockchain in the future economy.
Here is why Germany is ranked the most crypto-friendly country
In her monthly Expert Take column, Selva Ozelli, an international tax attorney and CPA, covers the intersection between emerging technologies and sustainability, and provides the latest developments around taxes, AML/CFT regulations and legal issues affecting crypto and blockchain.
Here is why Germany is ranked the most crypto-friendly country
In her monthly Expert Take column, Selva Ozelli, an international tax attorney and CPA, covers the intersection between emerging technologies and sustainability, and provides the latest developments around taxes, AML/CFT regulations and legal issues affecting crypto and blockchain.
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