The previous prime minister of Denmark and secretary-general of NATO, Anders Fogh Rasmussen, is now a strategic advisor for the blockchain identity startup, Concordium. Previous NATO officer and Danish prime minister is now an advisor for blockchain firm Concordium.
Lars Seier Christensen, the Swiss firm’s chairman, said in an announcement in March, that Rasmussen will play a “pivotal” role in the firm’s global expansion plans.
Christensen founded Concordium as well as Saxo Bank, and was formerly its CEO. The startup is building a regulatorily compliant blockchain network based on identity (ID) and know-your-customer (KYC)-validating.
Back in January, the firm launched a proof-of-concept (PoC) of the service. In Q3 of this year, a beta release will launch in Q1 2020.
Christensen said that for “secure and private communications, as well as liaising with governmental departments”, Concordium plans to move into areas that would require a blockchain solution.
He added that in order to “protect the institutions of civil society” the network will support “tamper-proof” voting systems. This is responsible for smooth democracy.
Rasmussen said in the announcement:
“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 work with Concordium to make sure that every vote is counted.”
The aim of Concordium is to combine a built-in anti-money-laundering (AML) and KYC function. Also, this is with zero-knowledge proof privacy tech and compliance with the EU’s General Data Protection Regulation (GDPR).
Rasmussen served three terms as prime minister of Denmark from 2001–2009, and as secretary-general of NATO from 2009–2014.
Hans-Ole Jochumsen, former vice chairman of NASDAQ Europe, also joined the firm’s advisory board back in January. Along with his expertise in taxation, know-your-customer (KYC) practices and transaction provenance. Also, he intends to guide the firm on its compliance efforts.