concordium

ChainCatcher news, according to PR Newswire, global digital asset investment firm Hilbert Group announced a strategic long-term investment in the native token CCD of the PayFi blockchain Concordium, committing to significantly increase its holdings of CCD through market purchases over the next six months.Concordium is a scalable Layer 1 blockchain that provides a unique identity layer at the protocol level to ensure verified and private user interactions achieved through zero-knowledge proof technology. Hilbert Group CEO Barnali Biswal stated that after rigorously analyzing hundreds of crypto projects over the years, very few meet their standards for long-term institutional viability. Concordium stands out with its built-in identity verification layer and focus on regulated enterprise-grade solutions.

ChainCatcher news, according to Cointelegraph, the blockchain protocol Concordium has launched a mobile age verification application based on zero-knowledge proofs (ZK-proofs), supporting both iOS and Android systems. Users can create a cryptographic digital identity for a fee of $0.01 and prove attributes such as age (e.g., nationality, date of birth) to third-party services, without disclosing actual information to the service provider.The launch of the application coincides with the UK's new regulations requiring age verification for access to adult content, which will be enforced starting August 1, raising privacy protection concerns. The UK communications regulator (Ofcom) guidelines allow for the use of reusable digital identity wallet solutions that comply with data protection standards, and Concordium has stated that it is in discussions with Ofcom regarding compliance.Google Wallet integrated zero-knowledge proof technology for age verification in April, indicating that this technology is gradually penetrating non-cryptographic scenarios.

ChainCatcher news, based on the Concordium blockchain, DEX Concordex announced the completion of a $1.7 million seed round financing, with participation from Tacans Labs, Skynet Trading, Seier Capital, and Concordium.It is reported that Concordex will provide users with an institutional-grade investment platform, bridging the gap between traditional finance (TradFi) and decentralized finance (DeFi), and offering real margin and derivatives trading services through its products and services. The platform is set to launch its mainnet in the first quarter of 2023. (Source link)

Chain Catcher News, the privacy public chain Concordium has announced the launch of the domain name system Concordium Name Service (CNS), developed by the Web3 software technology company Bictory Finance.It is reported that registering a domain on CNS requires an annual subscription fee and network fee. Domains with fewer characters have higher subscription costs, with CNS domains of more than 6 characters starting at $10 per year, while 2-character domains are charged $150 per year. (Source link)

Chain Catcher news, the Swiss non-profit organization Concordium Foundation will invest 10 million euros (approximately 9.97 million USD) in Concordium blockchain-related ecological projects. This funding will be used to support projects that wish to build or integrate their DApps on Concordium. Concordium is a PoS blockchain that aims to address the fourfold dilemma of scalability, security, decentralization, and regulation.Previously, Chain Catcher reported in February last year that the Concordium Foundation signed a cooperation agreement with Geely Holding Group, where both parties will establish a joint venture in China. According to the agreement, Geely Holding and Concordium will hold 80% and 20% of the shares in the joint venture, respectively, and will jointly operate and manage it. The joint venture will leverage Concordium's blockchain technology to provide blockchain-based business models and distributed applications (DApps) to Chinese clients, including those in the automotive industry. (Source link)