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Concordium Completes $15M Private Sale After a Successful MVP Testnet


Place/Date: Zug, Switzerland - March 9th, 2021 at 1:15 pm UTC · 3 min read
Photo: Concordium
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.
Late February Concordium announced joint venture cooperation between Concordium and Geely Group, a Fortune 500 company and automotive technology firm. The partnership will focus on building blockchain-based services on Concordium’s enterprise-focused chain.
Concordium recently completed Testnet 4, which saw over 2,300 self-sovereign identities issued and over 7,000 accounts created, with more than 1,000 active nodes, 800 bakers, and over 3,600 wallet downloads. The successful testnet led to the release of Concordium smart contracts functionality based on RustLang, with a select group of community members parti ....

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Geely and Concordium Announce a Joint Venture to Provide Blockchain Technology and Service in China Backed by Concordium's Blockchain Technology


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The Joint Venture will allow Geely and Concordium to offer businesses and customers access to new blockchain platform-based business models and user DApps for all industries, including the automotive segment. The JV marks a new era of collaboration, using Concordium s strong cryptographic, safe, non-permission based Blockchain with ID at the protocol level and Geely s technological leadership and implementation power in the Chinese market.
HANGZHOU, CHINA & ZUG, SWITZERLAND / ACCESSWIRE / February 19, 2021 / The Concordium Foundation (Concordium) and the Geely Holding Group (Geely) have signed a Joint Venture agreement. The joint venture will use Concordium s Blockchain Technology to become a leading Blockchain Technology- and Service Provider in China. ....

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