Blockchain Crypto Project & # 39; Concordium & # 39; welcomes the former NASDAQ executive to his team

According to a new press release issued by the people a ConcordiumHans-Ole Jochumsen, former vice president of NASDAQ Europe, has officially joined the startup blockchain as a member of the business advisory board.

In terms of his last job profile, it seems that Jochumsen will be responsible for supervision Concordium of compliance efforts and to ensure that the company's monetary reports are carried out legally at all times. In addition, it will also help the company with things like:

• Provide your experience in the field of taxation
• Establish sound know-your-customer (KYC) practices for the company.
• Supervision of the origin of the transactions.

What brings Hans to the table?

Jochumsen is a finance veteran who spent a total of nine distinguished years at NASDAQ, including a three-year term as president and a year as vice president for his European wing. Prior to his work with NASDAQ, he directed the Copenhagen Stock Exchange, where he was one of the facilitators for merging the exchange with his Swedish counterpart. Finally, he was also president of the "OMX" Scandinavian exchange (before it was acquired by NASDAQ in 2008).

In a recent interview with Jochumsen, he said he was interested in blockchain technology for "a good deal of time". Elaborating further on the issue, he said that during his tenure at NASDAQ, he had been part of numerous projects related to this niche technology domain. For example, he was responsible for creating a blockchain-based electronic voting system for the Estonian branch of NASDAQ.

Furthermore, he added:

"Many people forget that what we see with financial institutions is that you have a very complicated configuration, every county has its own approach and if you need to do something globally, it is extremely complicated, and even if the task is finally solved , someone has to pay for it, and it's the customer.In Concordium, there's a great vision for something that the financial industry around the world needs ".

About Concordium

For those of our readers who may not know about Concordium, it is a blockchain initiative founded by former CEO of Saxo Bank Lars Seier Christensen.

At its core, the project was designed to "combine an integrated anti-money laundering module (AML) with a KYC function that includes zero knowledge encryption." Not only that, but also the platform has been designed in such a way as to be fully compliant with the guidelines of the General Data Protection Regulation of the European Union (GDPR).

The beta mainnet of Concordium is scheduled for launch in the third quarter of 2019, while the final product will be available from 2020.

More on The Matter

Although the Concord appears to have been a little late to participate in the crypto-party, Christensen recently stated that:

"As the first engine with a strong concentration and expertise in this sector (ID / KYC), we are not late, but actually among the first to the real game, one that has not started yet, because the first generations of blockchains and cryptocurrencies do not reach a real business use despite all the clamor "

He added

"So the next one was starting now and this will be the moment when the true potential of public blockchain will finally begin to develop."

Final take

In closing, it should be remembered that a couple of weeks ago Jochumsen spoke with a global media outlet in which he mentioned that he was also in talks with the fintech company of New York "Alkymi", in order to act as lead advisor of the company.

Last but not least, Jochumsen currently also works as chairman of Nordax Bank AB and also acts as "non-executive director" for Nykredit A / S.