Concordium Welcomes Danish Cryptographer and Former NASDAQ Exec to Its Team

Concordium Foundation, the Denmark-based nonprofit behind the Concordium Network, the world’s first ID/KYC ready blockchain, has recently expanded its team with the appointment of former NASDAQ executive Hans-Ole Jochumsen as an advisory board member and Danish cryptographer Ivan Damgård as its Core Science Team’s lead cryptographer, online trading news outlet LeapRate reported January 10.

With over a decade of experience navigating regulatory issues in KYC, taxation, and transaction provenance, Hans-Ole Jochumsen possesses the acumen that would serve as Concordium Network’s edge in achieving global scale. Prior to joining Concordium, Jochumsen has held a number of key executive positions, among which includes serving as NASDAQ OMX’s president in 2014, as well as chairman in 2017 of the stock exchange’s European arm. Apart from his latest appointment with Concordium, he also currently serves as senior advisor for pre-seed startup Alkymi, as well as chairman of Nordax Bank AB.

Ivan Damgård currently works as a professor at the Department of Computer Science, Aarhus University, Denmark and is also among the top cited researcher and author in cryptography. Aside from serving as a fellow for the non-profit scientific organization International Association for Cryptologic Research, Damgård also previously co-invented the Merkle–Damgård-construction, which now serves as the design principle for cryptographic hash functions upon which all existing blockchains rely to a certain degree.

As Concordium Foundation’s chairman Lars Seier Christensen commented in a recent press release:

We are thrilled to welcome Hans-Ole Jochumsen and Ivan Damgård to the Concordium team. Hans-Ole’s massive expertise in dealing with regulatory scrutiny and compliance will be key as nations move to regulate blockchain at an ever-accelerating rate and his deep experience in exchange traded assets that is instrumental for understanding and developing the many opportunities for asset backed tokens on the blockchain. Ivan’s unparalleled expertise in cryptography makes him ideal to lead our team putting together the cryptographic and mathematic solution at the core of the Concordium Network. Furthermore, Ivan’s clout within the blockchain community and scientific community as one of the true founding fathers of the technology underlying blockchains as we know them will help us pull ahead of the pack when it comes to mass adoption of the Concordium Network. With their guidance, Concordium is even more equipped to become the world’s most trusted platform for secure transactions.

Commenting on his appointment, Hans-Ole Jochumsen stated:

I’m proud to be joining the Concordium Foundation as an advisor. I believe blockchain technology is the future of business and investing and can drastically reduce costs and bureaucracy for business operations, opening up the field for sleeker, more innovative enterprises. I’m looking forward to guiding Concordium as it scales globally and helping businesses realize its transformative power in daily operations.

Ivan Damgård concluded the release, underscoring that:

Building a global backbone for transaction logging that is fast, secure, robust and scalable requires cutting-edge cryptography delivered by a world-class science team and I am happy to join the Concordium Team that includes some key players in the area.