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Concordium
Concordium is a secure, scalable Layer-1 blockchain with a built-in identity layer at the protocol level. It is designed to meet the needs of businesses, financial applications (PayFi), and stablecoin issuers by providing a compliant and trusted infrastructure that unlocks the value of Web3 for Web2 businesses.
Distributed
Description
Concordium is a science-based, Proof-of-Stake Layer-1 blockchain with a built-in identity layer at the protocol level, designed to meet the needs of businesses and regulators. It provides a trusted backbone for the future of finance (PayFi), powered by stablecoins and a compliant infrastructure. The platform's unique ID Layer and Protocol-Level Tokens (PLTs) utilize Zero-Knowledge Proofs for privacy-preserving identity verification, enabling features like geofencing and one-click age verification. Concordium aims to drive real-world adoption by offering a secure, scalable, and regulatory-ready stack for developers to build trust-driven financial applications, minimizing smart contract vulnerabilities by issuing tokens directly at the protocol layer. Its mission is to unite people, businesses, and technology in a seamless, trustworthy ecosystem.Grant Funding
VC Funding
None
2019
2021
$0
$30M