What We Are Building

What the Concordium Foundation is proposing is the creation of a global, decentralized, publicly accessible, fully secure transaction logging network that can be used by any business to log and act on almost any sort of transaction.

The availability of such a network can potentially deliver large savings to many kinds of businesses — cost-savings related to both internal infrastructure and gaining access to new possibilities.

The whole idea behind the Concordium Network is to create what will become a global market place for transaction logging — a resource any user, company, business or public sector agency can tap into in order to run smart contracts and other services — and where doing so leads to considerable efficiency gains and cost-savings while at the same time fueling the intrinsic economy of the Concordium Network and rewarding participants for enabling the network’s operation.