Knowing identity is crucial for trust in the blockchain – Interview with CEO of Condordium

The concept of identity is quite polarizing in cryptocurrency. People sometimes forget that Bitcoin grew out of a niche corner of the internet, born out of ultra-liberal ideals with self-sovereignty, anonymity and independence at the heart of the thesis.

Of course, cryptocurrency has evolved beyond Bitcoin, and today we have numerous different views and thousands of projects, some with similar goals, others with different ones.

Concordium is a layer-1 blockchain project that embeds encrypted IDs into every transaction that takes place on the network. This is fascinating because it goes against what some would call the original Bitcoin vision.

We sat down for a short mini-podcast with Concordium CEO, Lone Fonss Schroder, to get a deeper insight into this topic. She says that “a lot of deals get done because you don’t know who you’re doing business with,” and claims that this identity is crucial to building trust in this space.

Other topics such as whether regulation is a good thing (another point that could send Maxis into a fit), the strengths of decentralisation and the current market environment were discussed and although Dan and Joe were unable to delve too deeply into Schroder’s answers due to time constraints, they will be put on the agenda for next time.

The podcast can here can be listened to on Spotify.