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Concordium

CCD

  • Layer1
  • Privacy
  • Infra
Established Year
2018
Headquarter
Switzerland, Denmark
Operating Status
Active
Concordium is a proof-of-stake blockchain with identification built into the protocol to meet regulatory requirements, while delivering a user-friendly platform that can handle smart contracts. It utilizes zero-knowledge-proofs (ZKP) to allow parties to verify information without exchanging or storing that information on-chain, other than hash functions, so users can trust that their confidential business will not become anyone else's business. Concordium's unique ID disclosure mechanism enables regulators to revoke privacy and identify suspected bad actors and illegal transactions.

Organisation

Team

Financial Portfolio

Funding

N/A
0 Investors
$36 M

    Investment

    Concordex
    Concordex
    		Seed
    $1.7 M

    Recent News

    Frequently Asked Questions

    What Is Concordium (CCD)?

    Launched in 2018, Concordium is a public-permissionless [Layer 1 blockchain](https://coinmarketcap.com/alexandria/glossary/layer-1-blockchain) that embeds encrypted ID into every on-chain transaction, enabling identification at a protocol level. It is designed to balance privacy with accountability through its ID layer. From the onset, 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, the company claims to provide users with full privacy while using zero-knowledge proofs. To date, the company has raised 52M EUR, partnering with Geely, a global automaker and co-owner of Volvo Cars, Volvo AB, and Daimler. Behind the scenes, Concordium has a native cryptocurrency called CCD. It is used for paying transaction fees, staking, rewards for node operators, and as a collateral/settlement medium for Concordium’s DeFi landscape.