The concept of identity is quite polarizing in cryptocurrency. People sometimes forget that Bitcoin was born out of a niche corner of the internet, born out of ultra-libertarian ideals with self-sovereignty, anonymity, and independence at the heart of the thesis.
Of course, cryptocurrency has involved more than Bitcoin, and today we have many different viewpoints and thousands of projects, some with similar goals, others with different goals.
Concordium is a layer 1 blockchain project that embeds an encrypted ID in every transaction that occurs on the network. This is intriguing because it goes against what some would describe as Bitcoin’s original vision.
We sat down for a quick mini-podcast with Concordium CEO Lone Fonss Schroder to find out more, who says “a lot of deals materialize because you don’t know who you’re dealing with,” and asserts that that identity is essential for gaining trust in the space.
Other topics such as whether regulation is a positive thing (another thing that can send maxis into a crisis), the strengths of decentralization and the current market environment were discussed, and many that time constraints prevented Dan and Joe from delving too deeply into Schroder’s answers, they will be on the agenda for next time.
The podcast can be listened to on Spotify here