Concordium

MJØLNER DEVELOPS PART OF CONCORDIUM’S PIONEERING BLOCKCHAIN PROJECT

The Danish-developed blockchain protocol Concordium has launched its blockchain, which makes it possible to enter into complicated contracts and transfer large amounts without brokers, lawyers, bankers, and other third parties.
Mjølner is part of Concordium’s pioneer journey with the development of an Android and iOS wallet app for the digital currency, GTU, with which the user can send and receive funds, as well as form an overview of her holdings.

Industry:

Finance & Retail

We delivered:

Software consultants

Technology:

Apps, Digital transformation, Interface design, User experience

Background

The Danish-developed blockchain protocol Concordium, led by Lars Seier Christensen and Lone Fønss Schrøder, has launched its blockchain, which makes it possible to enter into complicated contracts and transfer large amounts without brokers, lawyers, bankers, and other third parties.

One of Concordium’s main visions is to create a technical and organizational setup that can meet regulatory requirements including those related to ‘Know your customer’ (KYC) and Anti-Money Laundering (AML). While all transactions can be executed anonymously, they will be tied up in an identity that is secured via a so-called identity provider. In case of a legal investigation, this identity can then be revealed.

Mjølner is part of Concordium’s pioneer journey with the development of an Android and iOS wallet app for the digital currency, GTU, with which the user can send and receive funds, as well as form an overview of her holdings.

“Mjølner has been a very reliable and technically skilled partner for us in the development process. We set high standards for ourselves and expect the same of our partners. Mjølner has certainly met these expectations and proven that they have been the right choice for us.”

Torben Pryds Pedersen, Chief Technology Officer at Concordium

The non-profit organization Concordium Foundation is based in Switzerland, but most of the development takes place at Concordium in Aarhus.

Five of Mjølner’s mobile developers and one UX consultant have worked on the app project in close dialogue with Concordium’s team at Aarhus University.

Concordium has run a number of testnets during 2020, including the preliminary versions of the wallet developed by Mjølner, and launched the blockchain in the second quarter of 2021.

“It was really interesting to work with the project, partly due to the new technologies involved, as well as a new, more efficient and maintenance-friendly architecture,” says Jens Vesti, Senior Software Architect from Mjølner Informatics. “It was very exciting to learn more about how blockchain works. This is an area we are increasingly working with at Mjølner.”

Jens Vesti, Senior Software Architect, Mjølner Informatics

The client

Concordium is a science-based proof-of-stake blockchain created with business applications in mind. It is the first blockchain with identification built into the protocol to meet regulatory requirements, while delivering a user-friendly platform that can handle smart contracts.
Concordium is developed by professionals with global multi-sector experience and in collaboration with the Concordium Blockchain Research Center Aarhus (COBRA) at Aarhus University and Swiss Federal Institute of Technology (ETH). The network will eventually be fully decentralized, the code open source, and further development orchestrated through an advanced governance mechanism.