logo
logo

Concordium Raises $15M in Private Sale and Completes MVP Testnet

Concordium Raises $15M in Private Sale and Completes MVP Testnet

03/09/21, 9:14 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/CH.svgzug
Money raised
$15 million
Privacy-centric blockchain Concordium has finalized its MVP testnet and concluded a private sale of tokens to fund further development. The company secured $15M in additional funding for the Public and permissionless compliance-ready privacy-centric blockchain.

Company Info

Company
Concordium
Location
zug, switzerland
Additional Info
Concordium is a next-generation, broad-focused, decentralized blockchain and the first to introduce built-in ID at the protocol level. Concordium’s core features solve the shortcomings of classic blockchains by allowing identity management at the protocol level and zero-knowledge proofs, which are used to replace anonymity with perfect privacy. The technology supports encrypted payments with software that upholds future regulatory compliance demands for transactions made on the blockchain. Concordium employs a team of dedicated cryptographers and business experts to further its vision. Protocols are science-proofed by peer reviews and developed in cooperation with Concordium Blockchain Research Center Aarhus, Aarhus University, and other global leading universities, such as ETH Zürich, a world-leading computer science university, and the Indian Institute of Science.

Related People