Ex-Denmark Prime Minister, NATO Chief, Joins Concordium Blockchain Identity Project
Ex-NATO Chief, Danish PM To Advise Swiss Blockchain Startup
A previous secretary general of NATO and prime minister of Denmark, Anders Fogh Rasmussen, has recently become the strategic advisor of a new blockchain company called Concordium. Rasmussen served as the PM of Denmark from 2001 to 2009 and then in NATO from 2009 to 2014.
The chairman of the company, Lars Seier Christensen, has affirmed that the advisor will play a very important role at the company during its expansion plans. Christensen also founded the company and Saxo Bank, a company which he already was the CEO of.
At the moment, the company is creating a Know Your Customer (KYC) and an identity system in order to create a blockchain technology which will be fully compliant with what is expected of it. The proof of concept of the company was just recently launched and the beta is currently being expected in the third quarter of 2019. The full launch is set for 2020 for now.
In fact, the main goal is to create something that will be fully compliant with whatever KYC and anti-money laundering measures there are out there, use zero-knowledge proof (which enables people to be private) and be compliant with the new EU’s General Data Protection Regulation.
Why create a blockchain that is so focused on being compliant and secure? For many reasons (and some of them are pretty obvious), but the main one is that the company is set to offer its services to government departments and this is when Rasmussen’s experience will count a lot.
The idea is to offer a network that will be fully tamper-proof for creating voting systems and to “protect the institutions of civil society”. Basically, a blockchain for public administrations.
Rasmussen has affirmed that the world is just starting to see all the benefits that the blockchain technology can enable people to have. He believes that this will be a very important democratic tool and that the voting solution created by the company will be quick, cost-effective and absolutely trustworthy.
In January, Hand-Ole Jochumsen, the former vice chairman of NASDAQ Europe, has also joined the company with the mission to help in the compliance efforts that Concordium has to solve.