Anders Fogh Rasmussen, previously both prime minister of Denmark and secretary-general of NATO, has joined blockchain identity startup Concordium as a strategic advisor.
In an announcement Wednesday, the Switzerland-based firmâs chairman, Lars Seier Christensen, said Rasmussen will play a âpivotalâ role in the firmâs global expansion plans.
Concordium was founded by Christensen, who also founded Saxo Bank and was formerly its CEO. The startup is building what it describes as an identity (ID) and know-your-customer (KYC)-validating, regulatorily compliant blockchain network.
The firm launched a proof-of-concept (PoC) of the service back in January, with a beta release expected in Q3 of this year and a full public launch in Q1 2020.
Christensen said Concordium plans to move into areas that would require a blockchain solution for âsecure and private communications, as well as liaising with governmental departments.â
The network will support âtamper-proofâ voting systems to âprotect the institutions of civil society, which are fundamental to the functioning of democracy,â he added.
Rasmussen, who served three terms as prime minister of Denmark from 2001â2009, and as secretary-general of NATO from 2009â2014, said in the announcement:
âWe are only beginning to see the benefits that blockchain technology will bring to our societies, including in our democratic processes. Concordiumâs 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.â
Concordium aims to combine a built-in anti-money-laundering (AML) and KYC function with zero-knowledge proof privacy tech and compliance with the EUâs General Data Protection Regulation (GDPR). The project is also developing a cryptocurrency called GTU (global transactions unit), also with a built-in compliance function.
Back in January, former vice chairman of NASDAQ Europe, Hans-Ole Jochumsen, also joined the firmâs advisory board to guide the firm on its compliance efforts with his expertise in taxation, know-your-customer (KYC) practices and transaction provenance.
Anders Fogh Rasmussen image via Shutterstock