Concordium is a Layer 1 blockchain launched in 2018 that embeds encrypted ID into every on-chain transaction, allowing identification at a protocol level while balancing privacy with accountability. The blockchain provides users with full privacy using zero-knowledge proofs, and has raised 52M EUR, partnering with Geely, a global automaker and co-owner of Volvo Cars, Volvo AB, and Daimler. Concordium has a native cryptocurrency called CCD, used for paying transaction fees, staking, rewards for node operators, and as a collateral/settlement medium for its DeFi landscape. The blockchain network uses a dual consensus mechanism, processing transactions using a Nakamoto-style Proof-of-Stake mechanism and using a Byzantine fault tolerant (BFT) agreement among specialized bakers to finalize transactions.