Concordium is a next-gen privacy-focused, public and permissionless blockchain architecture with an ID Layer at the protocol level.
Business Model: B2B
Revenue: $0
Employees: 0-0
Address: Zugerstrasse 32
City: Baar
State: zug
Zip: 6341
Country: CH
Concordium is a privacy-focused blockchain for enterprises and governments, and the first project to have an innovative user identity layer built-in at the protocol level. Based in Zug, Switzerland, Concordium utilizes smart contracts and the cryptographic concept of zero-knowledge proofs, wherein users can verify that something is true without physically seeing the evidence. Designed to integrate with existing financial and business systems that must authenticate users’ identity on a day-to-day basis, Concordium has also been created to meet regulatory approval. While the data about network participants is anonymized on-chain, the platform retains the ability to revoke anonymity in a decentralized process only if requests are made by a legal authority. Concordium’s mainnet is due to launch in early 2021, with its incentivized testnet having already attracted plenty of interest.
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