A Path to Decentralization

Through a carefully designed governance structure, Concordium is steadily evolving towards a leading, open-source, permissionless and decentralized blockchain — one that balances community voice, expert guidance and transparent decision-making. 

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Governance Bodies
Roadmap
Governance Committee
Past Decisions
How to Vote

The Governance Trifecta

Governance on Concordium is transitioning from being foundation-led to community-driven, and is shared by three key bodies — The Concordium Foundation, The Governnance Committee and CCD Holders.

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The Concordium Foundation

As a Swiss-based non-profit, the Foundation is supervised by the Swiss authorities and ensures Concordium evolves in accordance with its founding Public Deed. The Foundation Board plays an executive and advisory role, setting strategic guidelines for the blockchain’s technical and commercial development.

The Governance Committee (GC)

The Governance Committee’s main task is to advise the Foundation and the Executive Management Group on protocol updates, tokenomics, and governance decentralization with the stability of the protocol, widespread adoption and the inclusion of all partipating parties in mind.

CCD Token Holders

Since 2024 Concordium’s governance model supports community participation. CCD holders can actively participate in Concordium’s governance by nominating and electing GC members as well as voting on various decisions and proposing their own changes.

Governance in Motion

Concordium’s roadmap toward full decentralization is structured in three phases, each phase adding new committee seats through community voting as well as broadening the voting scope to allow the community to play a central role in shaping Concordium’s future.

Roadmap Phases
Phase I
June 2021-2024

The Concordium Foundation appointed a 5-member Governance Committee to manage protocol updates, tokenomic parameters, and the design, both conceptually and technically, of the governance framework. This phase ended with the first community on-chain election in June 2024, where CCD holders appointed 2 new GC members, expanding the committee to 7— marking the start of community participation in governance.

Phase II
June 2025-June 2027

CCD holders will continue to gain influence by electing 2 more governance committee members in 2025, expanding it to 9, 4 of which will be community-appointed. CCD holders will also be able to vote on technical proposals.

In 2026, 3 foundation-appointed seats will be up for re-election, raising the total community-elected seats to 7. Proposal submission is also expected to be enabled to allow community-led initiatives.

Phase III
June 2027 & Onwards

Following the June 2027 elections, all GC members will be elected by CCD holders—marking the beginning of a fully community-led governance. From this point, CCD holders can propose changes to the governance framework and play an expanded role in shaping the future of Concordium. The GC’s mandate will continue to evolve based on the lessons learned in earlier phases.

The Governance Committee

The Concordium Governance Committee is a group of independent experts guiding the protocol’s development with transparency, accountability, and a focus on decentralization.

Jørgen Hauglund

Concordium Group CFO

CFO at Concordium, Jørgen brings vast experience as a C-level executive and a strong track record in driving financial excellence and business growth.

Nibras Stiebar-Bang

Board Member

With over a decade of leadership in engineering, product development, and sales, Nibras is a former CTO and CPO at Concordium, known for driving innovation and team growth.

Michael Jackson

Member of the Concordium Advisory Board

With 40+ years in tech leadership, Michael helps guide Concordium’s work on decentralized, transformative digital solutions.

Torben Pryds Pedersen

Special Advisor to Concordium’s Commercial Team

A leader in cryptography, Torben supports Concordium with expertise from decades in secure digital systems for finance and government.

Christopher Portmann

Senior Cryptography Researcher in Concordium’s Science

Christopher has over 15 years of research experience in cryptography, contributing to academia and industry through impactful publications and international conferences.

Andreas Baidas

Investor

Andreas is a blockchain-focused investor since 2013, specializing in Web3 infrastructure and DeFi projects, and supporting the growth of emerging decentralized technologies.

Mikael Bondum

Staking

Mikael supports Concordium’s staking initiatives, combining technical insight with community engagement to promote secure and inclusive network participation.

Foundation Board

At the heart of Concordium is a team of visionaries dedicated to building a secure, trustworthy digital future.

Meet the Board

Past Decisions

February 2025
Decision GP-018

  • The protocol update supports suspending inactive validators automatically when they consistently fail to participate in the consensus protocol. Suspended validators can be reactivated manually by a transaction from the validator's account.

October 2024
Decision GP-017

  • Increase the transaction fees back to 1 euro cent for a CCD transfer.

October 2024
Decision GP-016

  • Reduce the yearly CCD mint rate from 8% to 4%.

August 2024
Decision GP-015

  • Reduce the cool-down time for both validators and delegators from 21 to 7 days.

June 2024
Decision GP-014

  • Cost of smart contract calls reduced

  • Supports querying the module reference and contract name of a smart contract instance

  • Updates cooldown behavior so that:

  • Stake reductions take immediate effect for future calculations, with the reduced amount locked during cooldown

  • Further stake changes are allowed even during an active cooldown

  • Disallows shielded (or encrypted) transfer transactions

  • Block hashing scheme redefined to better support light clients

June 2024
Decision GP-013

  • Add Global FinReg as an identity provider

January 2024
Decision GP-012

  • Parameter update to reduce the cost of transactions with the goal of insuring competitive transaction fees for both simple and complex transactions

  • The cost in EUR of all transactions is reduced by a factor of 100

  • The cost for simple transactions is planned to increase to the past level or slightly below in connection with a later implementation of a new pricing mechanism that will ensure competitive fees for all transactions

November 2023
Decision GP-011

  • Finalization rewards removed. Corresponding minted CCDs distributed as part of the block rewards

  • New validator setup: mininum stake of 500K CCDs, staking pool size capped at 5% of total, total pool stake to validator stake cannot exceed 6:1 ratio

  • Passive commssions increased to 25% and validator running pool can freely choose pool commisions

  • Cool-down for delegators set to 3 weeks, and mint rate decreases to 8% p.a.

August 2023
Decision GP-010

  • Protocol update to increase the max. throughput of the Concordium blockchain

  • Changes the consensus protocol from an existing two-layer design to a new ConcordiumBFT consensus

  • Adds better support for sponsored transactions

  • Other fixes and improvements

December 2022
Decision GP-009

  • Protocol update change adding support for upgradable smart contracts

  • Allowing smart contracts to query additional data from the chain  

  • The protocol update allows smart contracts to use more resources and introduces a major reorganisation of the account storage allowing for more efficient account retrieval and updates

June 2022
Decision GP-008

  • Protocol change adding support for delegation, new smart contracts that support larger states, synchronous calls, and several cryptographic primitives

June 2022
Decision GP-007

  • Setting initial parameters for delegation incl. delegation leverage, pool size, and commissions

  • Updating parameters for allocation of minting rewards

  • Updating parameters for validator and delegation cooldown period

February 2022
Decision GP-006

  • Adapting rules for automatic update of exchange rate for EUR-stable transaction fees

January 2022
Decision GP-005

  • Adding Keys for Automatic CCD/EUR Rate Updates

January 2022
Decision GP-004

  • The protocol change adds support for multiple addresses for the same account, also referred to as account aliases. In protocol version 3 each account can have up to 16777216 addresses

January 2022
Decision GP-003

  • Adds Digital Trust Solutions as an additional identity provider

October 2021
Decision GP-002

  • Adds the possibility to add meta text (memo) to transactions transferring CCD

September 2021
Decision GP-001

  • Change of CCD/EUR exchange rate to reflect Private Placement pricing

Secure On-Chain Voting

Your privacy is protected. The voting protocol provides privacy and end-to-end verifiability via zero-knowledge proof technology. Every vote is kept secret at all times, meaning no one can know how individuals voted. In addition, anyone, including third-party auditors, can verify the integrity of the election without compromising voter anonymity.

Learn more Voting Docs

Frequently asked questions

Everything you need to know about voting on Concordium.

Who can vote?

Any CCD account holder can vote. Your vote’s weight is based on your CCD balance average CCD in the months before the vote. The exact date for which the average is computed are published for each election or proposal.

What counts toward my voting weight?

Included: CCD held in regular or staked wallets (validators / delegators)

Excluded:

  • Shielded CCD

  • CCD locked in smart contracts
  • CCD in custody (e.g., CEXs)

Tips: Move your CCD to a personal wallet to ensure you can vote with full weight.

Can I vote from multiple accounts?

Yes! Voting from all your accounts increases your total voting power. Just make sure you cast your votes from each one individually.

What if I vote multiple times fropm the same account?

Only the last vote from each account counts.

What voting method is used for elections?

Concordium uses approval voting. You can vote for as many candidates as you like. Each selected candidate receives the full weight of your vote.

Example: If your account has 3000 CCD and you vote for 2 candidates, each get 3000 votes, not 1500 each.

How are election winners decided?

The candidates with the most weighted votes win. If there is a tie, a fair coin is flipped.

How can I vote using the dApp?

You can use the Concordium Voting dApp with the following wallets: Concordium
Wallet for Web, CryptoX Concordium Wallet.

Can I vote using the Desktop Wallet?

Not directly. You’ll need to delegate your vote to an account in a supported wallet:

  • Create a new account in a supported wallet
  • Transfer a small amount (e.g., 1 micro-CCD) from your desktop account
  • Add a the correct memo for each election or proposal
  • Vote from the new account using the dApp

Can I vote using the Concordium Client?

Not directly. You’ll need to delegate your vote to an account in a supported wallet.

See documentation for more info.

How does vote delegation work?

You can delegate your vote but only one deep. For example, if account A delegates to B, and B delegates to C:

  • A’s weight stays with B
  • C gets only B’s original weight (not A’s)

Only the last delegation from an account is counted.

How is my vote kept private?

Concordium uses a secure election protocol with zero-knowledge proofs (ZKPs). This ensures that your vote remains secret and the election process is fully verifiable without revealing how anyone voted. Learn more.

Where can I find step-by-step voting instructions?

Detailed instructions are available in the Voting Documentation.

This ensures that your vote remains secret and the election process is fully verifiable without revealing how anyone voted.

Latest on Governance

The latest news, technologies, and resources on governance

All News

Your Protocol, Your Voice: Introducing the 2025 Governance Committee Candidates

As the June Governance Committee elections approach, meet the candidates who are stepping up to represent your voice, your vision, and the next chapter of protocol evolution.

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Shape the Future of PayFi: Join the Concordium Governance Committee

It’s that time of year again! Concordium opens the call for community candidate nominations to run in the 2025 Governance Committee election.

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Building Trust and Transparency with Effective Governance

Decentralization isn’t a switch—it’s a journey. Concordium is on course with its roadmap to a community-led future. 

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