The anonymity of Bitcoin (BTC) and other cryptocurrencies is a hot topic in the crypto space. While the transactions are open to track in a public blockchain, it is challenging to link a transaction with a real-life person in many use cases. As an identity-centric platform, Concordium takes a different direction by offering complete transparency.
“The time has come for the blockchain industry to respect the general rules of society,” Concordium chairman Lars Seier Christensen said in an announcement. The launch of Concodium Blockchain marks the end of the era of anonymity, opacity, and the lack of transparency, he added.
Developed and advised by leading executives and board members from corporations like Volvo, Ikea, Saxo Bank, MasterCard, and others, the Concordium Blockchain and its cryptocurrency GTU will launch the mainnet on June 9.
According to the release, Concordium believes credible participants looking to enter crypto and blockchain are hindered by the lack of a regulation-friendly environment, which delays the industry’s broader adoption.