Concordium company info

What does Concordium do?
Concordium (CRYPTO:CCD) is a hybrid blockchain platform that combines the security and scalability of a public blockchain with the privacy and compliance of a private blockchain. Concordium is designed to be a platform for building secure and compliant applications in a wide range of industries, including finance, healthcare, and government. Concordium is operated by a consortium of academic institutions, financial institutions, and technology companies. The consortium is responsible for governing the Concordium protocol and ensuring that it meets the needs of its users. The Concordium team is currently working on a number of projects to improve the platform and expand its offerings, including Concordium v2, a Concordium mobile app, and a Concordium developer portal. The Concordium team's objective is to build a secure and compliant blockchain platform that can be used to develop applications in a wide range of industries. The team believes that blockchain technology has the potential to revolutionize many industries, and they are committed to making Concordium the platform that makes this possible.
Company Snapshot

How many people does Concordium employ?

people
Employees
51-200

What is the market cap for Concordium?

bag
Market Cap
$34.98M

Where is the head office for Concordium?

location pin
Head Office
Zug, Switzerland

What year was Concordium founded?

founded flag
Year Founded
2018
What does Concordium specialise in?
/Identity

What are the products and/or services of Concordium?

Overview of Concordium offerings
ID-based regulation: Concordium's ID-based regulation system allows businesses to comply with regulations while still protecting their customers' privacy. Businesses can use Concordium's ID-based regulation system to verify the identity of their customers without revealing their personal information.
Interoperability: Concordium is interoperable with other blockchain networks, which means that users can easily transfer assets between Concordium and other blockchains. Concordium is currently interoperable with Ethereum and Polygon, and it is working on interoperability with other blockchains as well.
Scalability: Concordium is a scalable blockchain that can handle a high volume of transactions. Concordium uses a sharding mechanism to partition the network into smaller groups, which allows it to process more transactions in parallel.
Secure and private transactions: Concordium uses a unique consensus mechanism called Proof-of-Stake with Identity (PoSI) to ensure that transactions are secure and private. PoSI requires validators to stake their identity in order to participate in the network, which disincentivizes bad behavior.
Support for decentralized applications (DApps): Concordium supports the development and deployment of decentralized applications (DApps). Concordium's DApp platform is designed to be secure and user-friendly, and it provides developers with a set of tools and resources to help them build and deploy DApps.
Support for smart contracts: Concordium supports smart contracts, which are self-executing contracts that can be used to automate a wide range of transactions. Concordium's smart contract platform is designed to be secure and efficient, and it is compatible with Ethereum Virtual Machine (EVM) smart contracts.