Published on: March 17th, 2021 • Duration: 44 minutes
Lone Fonss Schroder, CEO of Concordium, joins Ash Bennington, Real Vision senior editor, to discuss what a business blockchain is, use cases for business adoption of blockchain, and the future of crypto. Schroder describes “business blockchain,” as it relates to Concordium, as a non-permissioned blockchain that has the benefits of both speed and security often lacking in existing chains such as Bitcoin or Ethereum. She mentions that it’s crucial for businesses to know who they are interacting with, and that’s why Concordium has identity built in at the protocol level. Using a national/international automobile auction house for Concordium as an example, she points out that identity and certificates of ownership on blockchain allow for businesses to scale globally rather than be restricted to localized users. Filmed on March 2, 2021.
Key Learnings: Concordium aims to enable many business use cases for blockchain by providing both increased security and speed over many existing blockchains. Identity is crucial for businesses using blockchain, and Concordium has implemented this at the protocol level.