Enterprise Blockchain Concordium Launches New Incentivized Testnet
Concordium, the enterprise blockchain focused on delivering DLT to businesses at scale, has launched its third testnet. As the project approaches its mainnet release, an incentive program has also been created, promising to reward developers and community members who participate in Concordium’s third testnet of 2020. On October 6, the latest testnet went live, with […]
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A Swiss blockchain developer and Geely will provide enterprise blockchain solutions to clients, with a focus on digital identity, regtech and privacy enhancement technologies. Swiss enterprise blockchain developer, the Concordium Foundation, has signed a joint venture agreement with the $200 billion Chinese conglomerate, Geely Holding Group — the largest shareholder in Volvo and a Fortune Global 500 company. The joint venture will be 80% owned by Geely and 20% owned by Concordium, but operationally co-managed by both companies. The venture aims to provide Chinese businesses and clients....
Privacy-centric blockchain, Concordium has concluded the fourth private sale of its GTU tokens to fund further development of its public and permissionless compliance-ready solutions. In total, the private placement rounds have secured Concordium, which is run by a team of Danish innovators, a capital injection of $36 million. The latest financing round values the company […]
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Crypto and blockchain industries need to play by the rules to realize their full potential, Concordium CEO says. The anonymity of Bitcoin (BTC) and other cryptocurrencies is a hot topic in the crypto space. While the transactions are open to track in a public blockchain, it is challenging to link a transaction with a real-life person in many use cases. As an identity-centric platform, Concordium takes a different direction by offering complete transparency.“The time has come for the blockchain industry to respect the general rules of society,” Concordium chairman Lars Seier Christensen....
After years of development, Concordium has unveiled its permissionless blockchain and MVP that is designed to meet the needs of enterprises by delivering transparency and governance, all with an orientation towards protecting user privacy. Identity-Centric Network to Promote Broader Business Adoption Although blockchain’s novel characteristics are not in dispute, corporate adoption of distributed ledger technology (DLT) has remained sluggish due to bad actors diminishing trust via the anonymity promised by many existing chains. Besides these relevant concerns, some enterprises are....