The Trusted Data Network for Web3 & SSI
The Trusted Data Network for Web3 & SSI
We’re building the trusted/authentic data economy. Our solution enables new business models, where verifiable credentials are exchanged in a trusted, reusable, safer, and cheaper way. We’re making it easier to create authentic data ecosystems through customisable commercial models and governance structures, all built upon a public permissionless network with a dedicated token for payment. cheqd’s solution consists of three parts:
Scalable – easily manage large volumes of digital identity interactions and transactions
Flexible – powerful customisation for different ecosystems
Community-driven – active software and business community contributing directly to its development
Infrastructure – easily accessible common and public
Payment rails – between issuers, holders, and receivers of authentic and trusted data
Energy-efficient – crucial for adoption by government organisations and enterprises
Easily accessible common and public infrastructure
Our core hypothesis is that SSI needs commercial models that accelerate its adoption. We’re providing a common and public infrastructure easily accessible to anyone and any organisation with payment rails between issuers, holders, and receivers of trusted data.
Standards, compliance and interoperability focus
We avoid the risk of creating new silos of data as private data isn’t written to the ledger in any form, avoiding issues with regulations, such as GDPR.
Customisable commercial models
Our network allows organisations to imagine, test, build, and iterate commercial models (e.g. volume based discounting) a key driver to SSI adoption across ecosystems.
SSI is a method of digital identity that makes the control of the information centred around its owner – it puts an individual at the centre of the ecosystem. Unlike the existing system, it’s a user-centric and user-controlled approach to exchange authentic information.
DIDx is excited to be part of the founding validators for the cheqd test network to support our unique requirements for the Yoma use case to combine verifiable credential exchange with value exchange through a token based ecosystem. Combining these two capabilities unlock new opportunities and business models that traditional SSI technology don’t provide out of the box and this is why we are excited to be part of this journey.
Lohan Spies
Founder & CEO at DIDx
