Crypto Altruism Podcast Episode 140 - Concordium - Trust and privacy powered by blockchain and zero-knowledge proofs
In episode 140, we’re excited to welcome Lars Seier Christensen, Chairman and Founder of Concordium, a Layer1 blockchain on a mission to create a future based on trust, privacy, and safety. We discuss Zero-knowledge proofs and some of their use cases, the role of blockchain in protecting individual identity and data sovereignty, some of the projects building on Concordium, and much more.
Three Key Takeaways
In our increasingly digital age, where identity and data are tied closely to one’s online activities, it is important to put in place measures to protect an individual’s privacy and give them sovereignty over their data. Blockchain, along with ZK Proofs, can help make this a reality.
Zero-Knowledge Proofs enable individuals or entities to prove something about themselves without disclosing the underlying data behind the proof. There are many exciting use cases for ZK Proofs including voting, proof of age and credentials, and KYC processes.
When building in Web3, it’s important to stay true to the foundational ethos of Web3 while also recognizing the need to achieve regulatory compliance. Regulations aren’t going anywhere, and as Web3 continues to grow and achieve widescale adoption, regulatory scrutiny will only increase.
Follow Lars & Concordium
Episode Time Stamps
02:30 - What was your “Ah hah” moment that got you excited about cryptocurrency and web3 in the beginning?
04:40 - Can you please give listeners a high-level overview of Concordium’s mission?
08:35 - I understand that Concordium was built by expert scientists and that research performed in its creation is open-source and patent-free. Tell me more about the creation of Concordium and why you decided to take this approach?
12:55 - A big focus of Concordium is on identity, verification, and data ownership – why is this important in this day and age?
15:20 - Zero-knowledge proofs are a big piece of your tech stack – can you please give me an “explain-it-like-I’m 5” of ZK proofs?
18:10 - What are some of the most promising industry use cases of ZK proofs?
21:00 - Tell me more about the ConcordiumBFT consensus mechanism behind Concordium.
23:30 - I’d love to learn about some of the most promising applications being built in the Concordium ecosystem.
27:55 - What are some of the benefits of building on Concordium?
30:20 - What’s the best way for listeners to learn more about Concordium?
31:20 - To wrap things up, if you could name one thing that excites you most about the social impact potential of web3, what would it be and why?
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DISCLAIMER
While we may discuss specific web3 projects or cryptocurrencies on this podcast, please do not take any of this as investment advice, and please make sure to do your own research on potential investment opportunities, or any opportunity. We host a variety of guests on this podcast with the sole purpose of highlighting the social impact use cases of this technology. That being said, Crypto Altruism does not endorse any of these projects, and we recognize that, since this is an emerging sector, some may be operating in regulatory grey areas, and as such, we cannot confirm their legality in the jurisdictions in which they operate, especially as it pertains to decentralized finance protocols. So, before getting involved with any project, it’s important that you do your own research and confirm the legality of the project. More available HERE.
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