profilecheqd is a technology company focused on decentralized identity and trusted data marketplace, dedicated to empowering individuals and organizations to fully control and manage their own data through blockchain technology and self-service sovereign identity (SSI) solutions. Cheqd was founded in 2021 and is headquartered in London, UK. The Company provides the infrastructure for digital identity and trusted data exchange through its public permissionless network and native token, CHEQ. CHEQD's mission is to be the default mechanism for trusted data payments, driving control and value perception of their data by individuals and organizations.
regulatory
informationcheqd As a decentralized blockchain network, its operation and governance follow the principle of decentralized autonomy. The governance of the network is attended by CHEQ token holders through a voting mechanism, ensuring the democratic and user-oriented development of the network.
trading
productscheqd network supports a variety of digital identity and trusted data-related trading products, including decentralized identifiers (DIDs), verifiable credentials (VCs), trust registries, etc. These products enable secure, transparent, and privacy-preserving data exchange through Cheqd's blockchain infrastructure.
trading software
cheqd offers a range of software tools and SDKs to enable developers to build and integrate digital identity and trusted data solutions. These include cheqd Studio, a software-as-a-service (SaaS) platform that allows organizations to easily deploy DIDs, trust registries, and payment capabilities. In addition, cheqd supports multiple credential formats and SDKs, such as Veramo, Credo, and Community Stack.
customer support
Cheqd supports users and developers through its official website, social media channels, and community forums. Users can get technical support and participate in community discussions through platforms such as Discord and Telegram.
core business and services
Cheqd's core business is to provide payment and trust infrastructure for decentralized identity and trusted data marketplaces. Its services include:
Decentralized Identifiers (DIDs): Supports the W3C standard DID method, allowing users to create and manage their own digital identities.
Verifiable Certificates (VCs): Provides privacy-preserving certificate issuance and verification services that support multiple certificate formats.
Trust Registry: Allows ecosystems to self-manage and govern, creating a trusted data ecosystem.
Payment infrastructure: Enabling payments for credentials and trusted data through CHEQ tokens, incentivizing data to be released from silos.
technical infrastructure
cheqd's technical infrastructure is built on the Cosmos SDK, leveraging blockchain technology for decentralization and transparency. Its network supports high-performance transaction processing and enhances privacy through technologies such as zero-knowledge proofs. cheqd also provides a range of APIs and SDKs for developers to integrate and extend its functionality.
compliance and risk control system
Cheqd's compliance and risk control system mainly relies on its decentralized governance structure and the automated execution of smart contracts. The network ensures the security and compliance of the network through the staking and governance voting mechanism of the CHEQ token. In addition, cheqd has partnered with the Regen Network to achieve carbon neutrality through Nature Carbon Ton (NCT), demonstrating its commitment to environmental sustainability.
Market Positioning and Competitive Advantage
Cheqd is positioned as an infrastructure provider in the decentralized identity and trusted data marketplace, differentiating itself from traditional identity management companies through its unique payment and trust model. Its competitive advantages include:
privacy-preserving payment infrastructure: Enabling payment of credentials and data through the CHEQ token, incentivizing data sharing.
Multi-credential format support: Supports multiple credential formats to meet the needs of different identity frameworks.
Trust Registry: Provides industry-leading trust registry capabilities to enable ecosystem self-management and governance.
Integration with the Cosmos ecosystem: As part of the Cosmos ecosystem, cheqd is able to take advantage of its interoperability and extensibility.
customer support and enablement
Cheqd supports customers and developers to quickly get started and integrate their solutions by providing easy-to-use tools and documentation. cheqd Studio, as a SaaS platform, simplifies the deployment process of DIDs and trust registries. In addition, cheqd is expanding its application and influence in the field of digital identity through strategic partnerships with companies such as Anonyome Labs.
social responsibility and ESG
cheqd is committed to promoting social responsibility and environmental sustainability through technological innovation. Its network is designed to protect user privacy and data sovereignty, while demonstrating a commitment to environmental, social, and governance (ESG) principles by partnering with Regen Network to achieve carbon neutrality in network operations.
strategic partnership ecosystem
cheqd has strategic partnerships with several industry-leading companies and organizations, including Evernym (now part of Gen), Outlier Ventures, Cosmos' Ignite, and more. These collaborations not only provide CHEQD with financial support, but also provide valuable resources and networks for its technology development and marketing.
financial health
As of 2023, Cheqd has raised more than £2.4 million in a seed round from investors including Outlier Ventures, Evernym, Cosmos' Ignite and more. The circulating supply of CHEQ tokens is 910 million, and the market cap is 139.5458 BTC (as of 2023).
future roadmap
Cheqd's future development plans include:
Creds Platform Extension: Enables collectors to collect and earn more credentials by aggregating data sources.
AI Trust Framework: Cheqd is used as the standard for AI trust frameworks to promote the application of AI in the field of digital identity.
Community and ecosystem building
Enhance the Credential Service: Enhance the service with dashboards, feature additions, and new payment schemes.
