Blockchain Startup ‘Concordium’ Welcomes Former Danish PM As Strategic Advisor

Concordium, a Swiss identity-validating blockchain firm, has recently added Anders Fogh Rasmussen, former prime minister of Denmark and ex-Secretary-general of NATO, to its board of advisors.

According to a Press Release, the startup’s chairman, Lars Seier Christensen noted that “the former prime minister will play a ‘pivotal’ role in the firm’s global expansion plans.”

Rasmussen was the PM of Denmark for nine years (2001–2009) and the secretary-general of NATO for five years (2009–2014). Expressing his excitement, he noted that societies are just getting to see the benefits of blockchain technology in different sectors, including electoral processes.

“We are only beginning to see the benefits that blockchain technology will bring to our societies, including in our democratic processes. Concordium’s blockchain-based voting solution offers a means of voting that is trustworthy, quick, and cost-effective. I am pleased to be working with Concordium to make sure that every vote is counted,” he stated.

The former prime minister is the founder and CEO of Rasmussen Global, an international political consultancy that focuses on democracy, transatlantic relations, security policy, economic development, and the European Union.

He is also the founder of the Alliance of Democracies, a non-profit organization dedicated to the advancement of democracy and free markets across the globe.

Concordium claims it is building the first regulatory complaint identity validating blockchain network which will ensure that users on the network are identified. The system will also offer a secure and trusted way of keeping track of every data and transaction.

The project is also developing a cryptocurrency called GTU (global transactions unit), with a built-in compliance function.

Christensen recently noted that “Concordium plans to move into areas that would require a blockchain solution for secure and private communications, as well as liaising with governmental departments.”

Countries around the world are looking forward to adopting blockchain technology in voting systems. In September, Tsukuba, a Japanese city, reportedly conducted a blockchain trail on its voting system.