cheqd Offers Infrastructure for Decentralised Identity Payments, Powered by $CHEQ
In an era driven by data, the need for secure and reliable payment infrastructure for decentralised identities or credentials has never been more critical. BitMart provides its users with a trustworthy environment for their digital asset transactions. Like-minded entities such as cheqd also work towards the same goal to foster trust among individuals and organisations.
Building a Foundation of Trust
Established in 2021 by Fraser Edwards and Ankur Banerjee, cheqd is a privacy-preserving payment network that allows users and organisations to take full control of their data. Powered by self-sovereign identity (SSI) and blockchain technologies, cheqd provides first-of-its-kind payment rails for decentralised identities that can be proven with Verifiable Credentials. The infrastructure opens up new opportunities across industries and use cases, creating an economy built on trust.
Last year, the cheqd team brought decentralised identity into practical use through the introduction of three major solutions. The first, Credential Service as their premier Software-as-a-Service offering, facilitating seamless integration of identity solutions into existing applications with just a few clicks. Besides, the launch of Credential Payments enables the monetization of digital credentials while Creds, a no-code platform, empowers organisations to effortlessly build and issue verifiable credentials to users, all while enabling them to build decentralised reputation and take them anywhere. The team’s dedication is evident in heightened brand awareness and thriving partnerships. More progress over the past year can be read here.
cheqd Visions for 2024
cheqd’s innovative approach to decentralised identity has positioned them as a leader in the industry. In 2024, cheqd will showcase the potential of a fully integrated stack by incorporating Credential Service into Creds. This integration will introduce features such as revocation and payments for Creators within the Creator Studio, paving the way for innovative commercial models to be tested and launched. They will conduct a network upgrade to facilitate on-chain proofs for off-chain credentials, unlocking new possibilities for leveraging Creds in governance, incentivized loyalty programs, Community Insights, Quests, and more.
cheqd will announce solidified strategic partnerships with entities in the Digital Identity, Artificial Intelligence (AI), KYC/KYB, and DeFi spheres. They are also expanding the reach and influence within the traditional sectors, ranging from healthcare to community engagement.
As the global landscape bids farewell to cookies, cheqd is well-prepared with a privacy-first solution. They are eager to demonstrate how decentralised identity can offer individuals a new means of taking control over their data and preferences.
Discover more on cheqd’s 2024 product vision for a comprehensive overview of their development plan.
Trade CHEQ on BitMart
Owning $CHEQ means you will be able to help secure and shape the future of the network. Any holder of $CHEQ token can participate in governance voting and directly contribute to the cheqd network.
$CHEQ can be used for identity transactions while a proportion of $CHEQ will be burnt to establish equilibrium with the inflation on the network.
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Connect with cheqd
Website: https://www.cheqd.io
Twitter: https://twitter.com/cheqd_io
Telegram: https://t.me/cheqd
Discord: https://discord.com/invite/zjNCNZRZb6
Linkedin: https://www.linkedin.com/company/cheqd-identity/
Medium: https://blog.cheqd.io/
Youtube: https://www.youtube.com/@cheqd
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