EDUCATIONAL SERIES
SERIES #1
CONCORDIUM THE FUTURE OF BLOCKCHAIN
BEFORE CONCORDIUM
Concordium was named after an ancient Roman goddess who represented harmony in marriage and society.
The word “concord” generally means agreement or harmony between people or groups, which is symbolic of the project’s aim to provide a transparent and secure blockchain network for businesses and individuals.
The token name was from “GTU” to “CCD”.
The CCD is an abbreviation of Concordium, with each letter representing the first letter in the three parts of the word Con+Cor+Dium. The pronunciation is /Cee Cee Dee/.
CONCORDIUM FOUNDATION
Concordium Foundation is the organization behind the development of the Concordium Blockchain Network. The foundation is focused on promoting the use of blockchain technology in a way that is secure, transparent, and compliant with regulatory guidelines.
The team behind the Concordium Foundation is comprised of experienced individuals from various industries, including technology, finance, and blockchain. They are committed to creating a blockchain platform that can be used by businesses globally, without compromising on security and privacy.
The foundation is also dedicated to research and development in the field of blockchain technology. They have established the Concordium Blockchain Research Center at Aarhus University in Denmark, which focuses on the development of groundbreaking blockchain technologies.
It’s office is in Zug, Switzerland, also known as “Crypto Valley”, due to the concentration of companies working in the field of blockchain and cryptocurrency.
Concordium foundation chairman
Lars Seier Christensen is a prominent Danish entrepreneur and philanthropist, best known as the co-founder and former CEO of Saxo Bank, a leading online trading and investment platform. He served in this role for over two decades, helping to transform Saxo Bank into a global entity.
In addition to his role at Saxo Bank, Christensen has a diverse business portfolio. He is the owner of Seier Capital, a private equity company, which invests in a variety of sectors such as technology, gastronomy, and sports.
He is also a significant figure in the blockchain and cryptocurrency industry. He is the Chairman of the Concordium Foundation, a non-profit organization that oversees the development of the Concordium Network, a blockchain and cryptocurrency platform designed to offer secure, private, and efficient transactions.
Throughout his career, Christensen has shown a strong commitment to innovation and has consistently supported projects that push the boundaries of technology and finance. His work with the Concordium Foundation is a testament to this, as he seeks to leverage advanced blockchain technology for the benefit of enterprises and start-ups worldwide.
BACKGROUND OF CONCORDIUM BLOCKCHAIN
Concordium Blockchain was formed by Concordium foundation in 2018. It is backed by a select group of respected academics and industry veterans. Since its inception, Concordium has been dedicated to the development of its own blockchain and cryptocurrency, with an aim to redefine the values associated with the blockchain industry.
This was achieved through the development of its own unique blockchain “Concordium blockchain” and cryptocurrency “$CCD”. The blockchain is a layer 1(L1) blockchain with on-chain verified ID. that supports various applications and offers a high level of security and transparency.
FOUNDING PARTNERS AND BACKGROUNDS
The founding partners behind Concordium Blockchain are;
●Alexandra Instituttet.
●Concordium Blockchain Research Center Aarhus at Aarhus University.
●The Institute of Future Studies.
●The European Blockchain Center at the IT University in Copenhagen.
●Concordium itself.
BACKGROUNDS
●The Alexandra Instituttet is a non-profit company that aims to create value, growth and welfare in society. They do this by promoting the use of IT and digital technologies.
●Concordium Blockchain Research Center Aarhus is based at Aarhus University, one of the top-ranked universities in the world. They focus on advanced blockchain technology research.
●The Institute of Future Studies is a research institution that provides education, research, and discussion in various futuristic studies.
●The European Blockchain Center at the IT University in Copenhagen is a research center that focuses on blockchain technology.
●Concordium is a blockchain company that aims to reboot the enterprise blockchain revolution. It was assembled by a team of business professionals, decorated cryptography academics, and entrepreneurs.
CONCORDIUM INVESTORS
5 of 22 investors who have invested in Concordium.
● Amdax (Financial services)
● BlackDragon (Crypto)
● Chainlayer
● Impact Business Investment Group
● AGE Crypto
Data overview
Funding Raised over time $46M.
Year founded 2018.
Headquarter Zug, Switzerland.
Founders of Concordium Lars Christensen(Chairman), Conor Ringland, Soren Kenner.
Concordium Board of Directors (Source; Concordium transparency report #2, 2024)
● Lars Seier Christensen, chairman since inception, Swiss resident, Danish nationality
● Simone Monnerat, board member since inception, attorney at law, Swiss resident, Swiss
nationality
● Ueli Maurer, board member since inception, professor at ETH, Swiss resident, Swiss nationality
● Ian Zhang, board member since October 2021, Swedish resident, Chinese nationality.
Members of Concordium Governance Committee (Source; Concordium transparency report #2, 2024)
● Michael Jackson, an independent member of the Concordium Advisory Board, Luxembourg
resident, British nationality.
● Jørgen Hauglund, Concordium Group CFO, Danish resident, Danish nationality.
● Nibras Stiebar-Bang, Concordium Group CTO, Swedish resident, Swedish nationality.
● Torben Pryds Pedersen, Special Advisor to Concordium’s Commercial Team, former CTO of
Concordium Group, Danish resident, Danish nationality.
● Christopher Portmann, Scientist with Concordium’s science team, Swiss resident, Swiss
Nationality.
As the governance committee functions as an advisory committee to the Concordium Foundation Board. It is responsible for driving the planned governance decentralization and for proposing changes to the tokenomics parameters and protocol updates.
Meanwhile the team behind the project which includes leadership from Volvo, IKEA, Credit Suisse, and more, stated that its goal was to make it easy for current and future businesses to easily integrate the potential of blockchain technology, with an emphasis on regulatory compliance.
While providing real-world identity may seem like a turnoff for many crypto enthusiasts, Concordium assures to provide users with full privacy while using zero-knowledge proofs.
Continues from Series #2.
This news is republished from another source. You can check the original article here