About

Concordium is a public Layer 1 blockchain platform designed for security, privacy, and scalability. Concordium mandated identity verification at the blockchain consensus level while integrating zero-knowledge proofs (ZKPs) for selective disclosure. Launched in 2018, it embeds encrypted identity into every transaction at the protocol level, enabling accountability while preserving user confidentiality.

Its native cryptocurrency, CCD, powers the ecosystem, facilitating transaction fees, staking, node operator rewards, and serving as collateral in Concordium’s DeFi landscape.

History

Concordium was founded by Lars Seier Christensen, co-founder and former CEO of Saxo Bank, who currently serves as Chairman of the Concordium Foundation Board. The organization is supported by a team of over 80 experts, spanning the Foundation Board, Science Team, Technical Team, Business & Operations Teams, and an Advisory Board.

The project has strong academic backing, collaborating with leading institutions such as COBRA (Concordium Blockchain Research Center Aarhus) and the Swiss Federal Institute of Technology (ETH Zurich). These partnerships drive cryptographic advancements and blockchain security research.

Notable contributors include Professor Ueli Maurer, a leading cryptographer at ETH Zurich, known for his pioneering work in cryptographic security models, and Professor Ivan Damgård, co-inventor of the Merkle-Damgård cryptographic hash function and a key figure in modern cryptographic protocols. Concordium’s Head Architect, T.P. Pedersen, also played a foundational role in modern zero-knowledge (ZK) applications, having pioneered a commitment protocol that is widely used in cryptographic proofs today. These academic collaborations ensure Concordium remains at the forefront of blockchain security and innovation.