Concordium (CCD)

Launched in 2018, Concordium is a public-permissionless 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.