Concordium and Aarhus University Set Up A Blockchain Research Center

The Concordium Foundation has collaborated with Aarhus University (Department of Computer Science) of Denmark to establish the Concordium Blockchain Research Center for creating compliance-ready Blockchains. The key mission of this alliance is to provide the foundational research to support the development of energy-efficient, scalable and secure blockchains. The initial find grant for this project is US$ 7.5 million USD for a period of five years. Further, the center has hired four Ph.D. students and four postdoctoral researchers for 2019 in addition to its seven principal investigators.

The objective of the Concordium Blockchain Research Center is to expand on decades’ worth of research to create new blockchain technologies. It will focus on exclusive areas such as consensus protocol efficiency, sharding, and state-flattening along with new cryptographic techniques supporting privacy-preserving identification, KYC and AML, better zero-knowledge techniques, and formal verification of smart contracts.

Professor Jesper Buus Nielsen, leader of the Concordium Blockchain Research Center stated,

“The foundation of the blockchain revolution has so far largely been built on sand. The next generation of blockchain will have to be built on science to ensure a solid foundation of the space.”

On this occasion, Anders Samuelsen, Denmark’s Minister of Foreign Affairs said,

“With an investment of this scale in the world-class computer science team at Aarhus University, Concordium brings together technological development with commercial opportunities to the future benefit of society. It confirms the attractiveness of Denmark as a premier destination for technology development.”

The Concordium Blockchain Research Centre started its operations on 1 February 2019. It is located at Department of Computer Science at Aarhus University and will research into blockchain technology, with focus on security, transparency and general usability.

Founded in 2018, the Concordium Foundation is a Swiss non-profit with the express mission of building and promoting the Concordium blockchain network and its surrounding ecosystem.


Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity

Did you like the news you just read? Please leave a feedback to help us serve you better

Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.

Manisha Agrawal

Manisha Agrawal is a cryptocurrency and blockchain enthusiast. She has worked as a content writer for two years and worked as a research based blockchain blog writer too. Also, she worked as a crypto news writer with various known firms like Crypto-News India, Coingape and The Coins Report.

Share
Published by
Manisha Agrawal

Recent Posts

Bullish Signals for Sui Blockchain: Top SUI meme projects of 2024

Macro guru and Real Vision CEO Raoul Pal shone the spotlight on a rising layer-1…

1 month ago

AI Companions: A New Era of Digital Relationships and Virtual Experiences

As the technology landscape transforms at lightning speed, AI Companions has positioned itself as a…

2 months ago

zkCross Network: Simplifying DeFi Complexity and Achieving Fundraising Success

Did you know that 85% of DeFi value is concentrated in six blockchains?  DeFi is…

2 months ago

Don’t Miss Out: Get $CLP Tokens in the Exclusive RWA IDO Now!

CLAPART - a groundbreaking RWA platform has launched its much-anticipated $CLP token IDO on Gempad…

2 months ago

Step into the Future of Web3 at Blockchain Futuristic Conference 2024, August 13-14

Join us at BFC 2024 to explore the future of Web3. Use a special discount…

3 months ago

WebX Asia 2024: Web3 Innovation Ignites in Tokyo

Catch all the updates with Altcoin Observer, official media partner of WebX Asia 2024. Gear…

3 months ago