Why I like the research first approach adopted by Concordium?

[ataraxiaceleste]

Concordium is currently working to build the world’s leading "science" based open-source, permissionless, and decentralized blockchain with built-in user identity at the protocol level. Concordium supports regulatory compliance, allowing businesses to harness the power of blockchain technology. I think this approach is really important when we look at it from an enterprise point of view. Business', especially the private centralized ones are in general very "skeptical"  when it comes to open sourced technology mainly because they are scared that the 'openness' may affect their IP or to lose power over their technology, or fear organizations without any head, because they want someone to take responsibility in case they need support at any point of time.

I also like their research and science first approach. It is obvious to see great technology when some of the most brilliant minds come together.

Concordium has put together Concordium Blockchain Research Center Aarhus (COBRA) to provide the basic research needed to build energy-efficient and scalable blockchain technology that is provably secure.

20 researchers and scientists at COBRA are performing research in blockchain technology, foundational blockchain theory, and cryptography. They are developing new protocols for efficient and secure consensus algorithms,sharding mechanisms, new cryptographic techniques supporting privacy-preserving identification, anonymous payments, better zero-knowledge techniques, and languages for smart contracts.

All research performed in the center is open source and patent-free and will help build a solid foundation for the entire blockchain space. COBRA was created as a partnership between Aarhus University and the Concordium Foundation with grants from Concordium running into a few Million Euros.

Concordium even has some prestigious partners from the Academia like ETH Zurich which is ranked 3rd in the world for engineering and technology (1st in Europe). ETH Zurich has been affiliated with 32 Nobel Laurates,4 Fields Medalists, and 1 Turing Award winner including Albert Einstein.

IT University of Copenhagen, one of Denmark’s leading universities on IT research and education is a partner too. Indian Institute of Science (IISc) India's leading Research, Science, Engineering Institute is associated with Concordium as well.

There was no ICO for this project and looks like the money is being judiciously put to use for research purposes. I am glad that the industry is maturing and so are the players. ICO's and IEO's are great ways of funding models as well but more often than not, take too long to meet their goals with respect to provable research and results. Making sure protocol's are technically sound will be important in gaining enterprise adoption. The true potential of blockchain technology lies with public permissionless blockchains, enterprises have realized this as well especially after experimenting a plenty with closed and private blockchain environments.

I will be doing a deep dive into their research papers in the coming days. Are you aware of any other blockchain projects who are giving importance to research first approach?

[CaVO32]

It is good to hear that they are not holding any ICO for this project. Because it means they have their own source of funds to get going. And they have the resources to do an extensive research to develop their platform. And it seems that they are technically equipped people. I hope they will be successful in launching their platform to the public and not waste their effort and not end up in paper only.

[ataraxiaceleste]

They have been researching for more than a year. They even have a dedicated research center. Their provable fast finality is what interests me more.

[lobo13hf]

They have been researching for more than a year. They even have a dedicated research center. Their provable fast finality is what interests me more.

I know that but it looks like there was no exact date about when the main net will be alive. Im here also watching the concordium discord but there was not a lot of conversation on it. I still prefer the telegram group to ask the developer about a question related to the concordium. I can't wait to see concordium coin will be alive.

[joshua123]

Looks like a good project to follow. Can you share more contact information about this one like website, social medias, github and even their mvp id they already have.

I like how the abbrevation for their blockchain research COBRA.

I will be doing a deep dive into their research papers in the coming days. Are you aware of any other blockchain projects who are giving importance to research first approach?

Good kindly share what you will researched on this project Im interested. It seems like a good project and worth to know more about this.

[ataraxiaceleste]

They have been researching for more than a year. They even have a dedicated research center. Their provable fast finality is what interests me more.

I know that but it looks like there was no exact date about when the main net will be alive. Im here also watching the concordium discord but there was not a lot of conversation on it. I still prefer the telegram group to ask the developer about a question related to the concordium. I can't wait to see concordium coin will be alive.

From what I remember from their roadmap. I think they plan to launch the mainnet in 2021. I think they answer all questions worth a shot at their Telegram. Community is still very young, just over a hundered members from what I remember.

[ataraxiaceleste]

Looks like a good project to follow. Can you share more contact information about this one like website, social medias, github and even their mvp id they already have.

I like how the abbrevation for their blockchain research COBRA.

I will be doing a deep dive into their research papers in the coming days. Are you aware of any other blockchain projects who are giving importance to research first approach?

Good kindly share what you will researched on this project Im interested. It seems like a good project and worth to know more about this.

Yup! Their research partners are some of the best universities in the world. It's pretty cool they have put scientific research above all.