It is far more important to listen than it is to talk. To a large degree, this has been Concordium's core belief since it launched. We believe that as the noise around our industry intensifies, it is even more important to step out of the crowd, pause, and reflect.
This is precisely what we have been doing for the last year after it became clear that to be taken seriously, our industry needed to demonstrate how it can change people's everyday lives.
The time had come for blockchain to be taken out of the laboratory and into our daily lives ranging from us as private persons -who wants to benefit from Cryptocurrencies, but in a safe matter- to cater for the advanced needs of Reg-DeFi. That is where it needs to be in order to thrive. Our blockchains and cryptocurrencies are not the hobby projects of coders and retail speculators. They are tools that have the potential to improve life. That's a bold claim, but take a look at what Concordium has been doing recently, and I believe it is a claim that stands up to scrutiny.
Partnerships
In August, Concordium announced a partnership with Swvl, a Dubai-based provider of mass transit and shared mobility solutions, which will be listed at NASDAQ, New York, in November, to for the first time use blockchain technologies to develop next-generation transportation systems. Swvl operates primarily in large cities in developing economies, where public transport systems are problematic.
This partnership means that people in these challenging cities who need to get to work, school, university, or see their loved ones can now travel more quickly, efficiently, and cheaply to where they want to go. This improves earnings, saves time, and brings people closer. This is a partnership that breaks down the barrier between blockchain, cryptocurrency, and ordinary people leading everyday lives. Nothing could be more important. And it's supporting Swvl's business models by cutting edge decentralized platform opportunities.
This core drive is also reflected in Concordium's decision to provide technical and financial support to #WeToo, a new movement to eradicate child abuse with the help of prominent businesses, celebrities, and business people. UNICEF estimates 55 million children in Europe in their lifetime – and around 1 billion children worldwide - are victims of violence each year. Another critical society issue.
#WeToo will utilize the private sector's dynamism, entrepreneurialism, efficiency, and drive to accelerate change in this crucial area, adopting private sector disciplines and best in class governance. It will do so with the help of Concordium's blockchain technologies, which will underpin its global fundraising and asset distribution systems.
Let us take a moment to reflect upon that. Blockchain technologies are being used to eradicate child abuse. This demonstrates a core business truth: without values, there is no business. Surely this represents what all of us are working for in this industry?
Concordium’s moves to demystify and democratize also found an expression in its alliance with Tacans, the IT technology development company, which teamed up with ENTER Art Fair 2021, Scandinavia's pre-eminent international art event, to launch SpaceSeven, the Nordic region's first marketplace for NFT art.
SpaceSeven is a multi-blockchain NFT marketplace with Concordium as its primary chain, providing all the essential guarantees needed in terms of provenance, ease, security, and trust for a marketplace to function properly. Tacans has chosen Concordium ID-centric Blockchain to build and deploy its solution to create the first sustainable, trustable, and regulatory-compliant NFT platform adding the benefits of the Concordium Identity Wallet.
A number of use-cases are currently being planned for Concordium, including but not limited to projects related to DeFi, NFTs, Tokenization of assets and launchpads, provenance, ticketing, intellectual property. These use-cases are highly reliant upon a credible and trustable Layer 1 infrastructure with ID at the core of the protocol.
And in the very near future, we are aiming to target the following verticals:
Gaming
MedTech
DeData
Loyalty programs and governance
Technology
Concordium is working too on Supporting users, builders, and customers’ activity via a myriad of tools and features that are currently under development.
Telemetry and reporting
Concordium Scan, a community dashboard
Concordium Tokenomics Network Statistics
UI
Concordium Starter (Starter kit to custom UIs for Concordium (VueJS)
Concordium Front-End (Starter kit to custom UIs for Concordium (ReactJS)
Libraries
SDKs for Go, C++, NET, Python, and Java
Web Service Layer (Rest etc.)
DevTools
A comprehensive node dashboard
Token Frameworks
We are deploying in October the first Concordium’s token frameworks beginning with the GTU1155, a framework that enables the minting of fungible and non-fungible tokens.
Concordium ID wallet with Zero-knowledge proof
Concordium Reg-DeFi Lab
Concordium will also launch a Concordium Reg-DeFi lab which will issue Reg-DeFi apps and the tooling necessary for supporting the most demanding part of the regulated DeFi market. Taken together, these initiatives highlight Concordium's fundamental belief that blockchain technologies must be seen to be able to change peoples' lives in order to be relevant. We have listened to businesses, financial institutions, investors, developers, and our community, when they told us to stick with Concordium's core mission – to lead the creation of a blockchain industry with a solid blockchain that doesn't break, and that understands demanding cryptography, respects the general rules of society and thus offering blockchain and cryptocurrency opportunities for those who cannot work with anonymity, opacity, lack of transparency - and who are committed to work with sustainability high at the agenda.
And to conclude
We believe that integrating our native id-centric token and token framework on most of the relevant custodians and 3rd party wallets is needed before listing. Why? Because value is more important than price. Because long term credibility is more important than a short term sugar rush. This is the message we were sent. We listened, and we acted.
We are privileged to be developing a significant tool for change. Our history, described above, proves that.
We can promise that the GTU will be listed at the right time on the right platforms. We can also promise that this is the strategy that will support the long-term lifetime by being relevant, have industry-wide credibility, and pave the way for our industry to take its rightful place at the very center of global societal and economic activity.
Lone Fønss Schrøder
CEO of Concordium
Good morning Lone thanks for this info witch’s showing the future direction of the new blockchain! I am an investor via Amdax Amsterdam! I like the quality of your team and where they working on! But 🤔 as in investor I do not find this quality in your communication whit these investors ! I understand the delay of GTU perfect but we only get standard answers as responses: wenn the Listing than is planned! And for a quality blockchain we need a roadmap we can trust an not with an open end! An again everyone has us own agenda but I see myself as a part of the family Concordium! And from that view more realistic info is be needed! I hope that we can receive this info soon! Thanks for reading and you’re all doing a great job!