Concordium CEO: Anonymity is a Major Roadblock in the Global Blockchain Infrastructure

The CEO of Concordium, Lone Fønss Schrøder, has recently affirmed that the blockchain technology was currently being held back by the concept of anonymity, which seemed to be important for the community, but it wasn’t something that the technology actually needed and this gave it a bad rep.

Schrøder affirmed that the blockchain is useful for providing a store of value and to keep records of transactions while she was talking about how reports show that the blockchain is a promise yet to be fulfilled.

According to her, the main element of interest in the blockchain technology is that everybody would be able to share and use it since it is a demonstrably secure technology. However, despite the technology giving some privacy to the users (as their names are not directly linked to the transactions), she criticized the ones who provide anonymity.

By saying that businesses and customers need to extend their trust in several ways for the promise to be fulfilled, she stands against anonymous chains like Monero or Zcash.

Despite the criticism, she seemed to believe that the industry was ready to be worth more than $3 trillion USD ten years from now.

Concordium and the Blockchain

Schrøder had a pretty traditional career before turning to the blockchain technology. She worked for 22 years at A. P. Moller-Maersk, a logistics and shipping company from Denmark. Apart from that, she also has experience in companies like Ikea and Volvo, as well as Credit Suisse.

She affirmed that moving into the blockchain space has been a very demanding experience so far but that thanks to her experience, she was able to understand this world quickly and to be able to navigate in it properly.

Concordium, according to her, stands to change the landscape of blockchain companies and remove several obstacles which have been causing problems so far. Therefore, the company is interested in providing the structure for these groups of people to create trust between each other. This way, they will be able to connect financially using the blockchain technology.

The blockchain can be transparent, quick and reduce several costs, as well as being a great way to maintain records. Because of this, the CEO knows how powerful it is. Vast new markets will be able to change with the help of this tech, so she believes that now is the time to improve the technology and show people how useful it can be.

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