CHEQ is the go-to-market team’s security suite, trusted by over 12,000 customers worldwide to protect their funnels, sites, and analytics from bots and fake users

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Cheqd's Strategic Partnerships Forge the Future of Trusted Data Economies At Paris Blockchain Week, cheqd announced its breakthrough relationships with Andromeda and Devolved AI. They will transform Trusted Data and prioritize data protection and user autonomy. Cheqd has a mission to provide individuals and businesses unparalleled control over data management and mobility via this confluence of innovations. With Web3, the company hopes to create a Trusted Data ecosystem that lets users control their data safely and privately. Andromeda's on-chain commodities, tools, and utilities are strong. Developers may create better on-chain applications than ever thanks to their decentralized operating system (aOS), which simplifies Web3 interactions. User-friendly and intuitive digital experiences may be created using this method. Devolved AI promotes a revolutionary platform for decentralizing AI ownership and management. Everyone may help develop game-changing technologies by reimagining the relationship between humans and artificial intelligence via voting systems, incentive programs, and inclusive ecosystems. Empowering Web3 Developers and Enhancing AI Trust The partnership between cheqd and Andromeda is a significant step towards providing Web3 developers with data solutions that are both safe and under the control of the user.  The integration of Andromeda with cheqd's Trusted Data Markets is expected to improve the privacy, security, and transparency of decentralized apps (dApps), therefore encouraging a Web3 user experience that is both more reliable and more satisfying. cheqd and Devolved AI have formed a collaboration, and it is believed that this cooperation will hasten the process of democratizing artificial intelligence. Using cheqd's one-of-a-kind decentralized identities (DIDs) in conjunction with Trusted Data Markets, Devolved AI intends to develop a decentralized reputation system to enhance the credibility and ethical standing of artificial intelligence models and the individuals who contribute to them. This will be accomplished by combining the two technologies. Particularly noteworthy is the fact that Cheqd is the only network that offers security for the privacy of financial transactions while simultaneously encouraging data ownership, portability, and control. A society in which the exchange of data puts a focus on safeguarding the privacy of people while simultaneously ensuring integrity is what Cheqd sees for the future. This aim is shown by Creds, the primary product of Cheqds, which provides a reputation platform that is decentralized and does not need any code to function. From inside apps like Telegram, this platform makes it possible for communities to easily cultivate trust and loyalty among its members. It simplifies the verification procedures for affiliations and reputations inside an organization, which is necessary in order to efficiently combat scams and frauds. Looking Ahead Cheqd, Andromeda, and **Devolved AI'**s partnership advances the Trusted Data economy. By sharing expertise and resources, these organizations are pioneering trustworthy data marketplaces, verifiable credentials, and decentralized IDs. The idea that we can use cutting-edge technology to boost digital transaction trust and accountability is exciting for individuals and companies. This cooperation gives trustworthy data ecosystem users additional possibilities. Don’t forget to like and share the story! Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR. Cheqd's Strategic Partnerships Forge the Future of Trusted Data Economies Cheqd's Strategic Partnerships Forge the Future of Trusted Data Economies At Paris Blockchain Week, cheqd announced its breakthrough relationships with Andromeda and Devolved AI. They will transform Trusted Data and prioritize data protection and user autonomy. Cheqd has a mission to provide individuals and businesses unparalleled control over data management and mobility via this confluence of innovations. With Web3, the company hopes to create a Trusted Data ecosystem that lets users control their data safely and privately. data protection Cheqd Andromeda 's on-chain commodities, tools, and utilities are strong. Developers may create better on-chain applications than ever thanks to their decentralized operating system (aOS), which simplifies Web3 interactions. User-friendly and intuitive digital experiences may be created using this method. Andromeda Devolved AI promotes a revolutionary platform for decentralizing AI ownership and management. Everyone may help develop game-changing technologies by reimagining the relationship between humans and artificial intelligence via voting systems, incentive programs, and inclusive ecosystems. Devolved AI Empowering Web3 Developers and Enhancing AI Trust Empowering Web3 Developers and Enhancing AI Trust The partnership between cheqd and Andromeda is a significant step towards providing Web3 developers with data solutions that are both safe and under the control of the user.  The integration of Andromeda with cheqd's Trusted Data Markets is expected to improve the privacy, security, and transparency of decentralized apps ( dApps ), therefore encouraging a Web3 user experience that is both more reliable and more satisfying. dApps cheqd and Devolved AI have formed a collaboration, and it is believed that this cooperation will hasten the process of democratizing artificial intelligence. Using cheqd's one-of-a-kind decentralized identities (DIDs) in conjunction with Trusted Data Markets, Devolved AI intends to develop a decentralized reputation system to enhance the credibility and ethical standing of artificial intelligence models and the individuals who contribute to them. This will be accomplished by combining the two technologies. Particularly noteworthy is the fact that Cheqd is the only network that offers security for the privacy of financial transactions while simultaneously encouraging data ownership, portability, and control. A society in which the exchange of data puts a focus on safeguarding the privacy of people while simultaneously ensuring integrity is what Cheqd sees for the future. This aim is shown by Creds, the primary product of Cheqds, which provides a reputation platform that is decentralized and does not need any code to function. From inside apps like Telegram, this platform makes it possible for communities to easily cultivate trust and loyalty among its members. It simplifies the verification procedures for affiliations and reputations inside an organization, which is necessary in order to efficiently combat scams and frauds. Looking Ahead Cheqd , Andromeda , and **Devolved AI'**s partnership advances the Trusted Data economy. By sharing expertise and resources, these organizations are pioneering trustworthy data marketplaces, verifiable credentials, and decentralized IDs. The idea that we can use cutting-edge technology to boost digital transaction trust and accountability is exciting for individuals and companies. This cooperation gives trustworthy data ecosystem users additional possibilities. Cheqd Andromeda Don’t forget to like and share the story! Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR. Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program . HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR. Vested Interest Disclosure: business blogging program business blogging program

Cheqd, Andromeda, and Devolved AI: Uniting to Build a Trust-Centric Digital World

চেকড, অ্যান্ড্রোমিডা এবং ডেভলড এআই: একটি বিশ্বাস-কেন্দ্রিক ডিজিটাল ওয়ার্ল্ড তৈরি করতে একত্রিত হওয়া

Cheqd, Andromeda und Devolved AI: Gemeinsam eine vertrauenszentrierte digitale Welt aufbauen

Cheqd, Andrómeda y la IA devuelta: unidos para construir un mundo digital centrado en la confianza

Cheqd, Andromeda et l'IA décentralisée : s'unir pour construire un monde numérique centré sur la confiance

चेक्ड, एंड्रोमेडा और डेवलप्ड एआई: एक विश्वास-केंद्रित डिजिटल दुनिया बनाने के लिए एकजुट होना

Cheqd、Andromeda、Devolved AI: 信頼中心のデジタル世界を構築するために団結

Cheqd, Andromeda 및 Devolved AI: 신뢰 중심 디지털 세계 구축을 위해 통합

Cheqd, Andromeda e Devolved AI: unindo-se para construir um mundo digital centrado na confiança

Cheqd, Andromeda и выделенный искусственный интеллект: объединяемся для построения цифрового мира, ориентированного на доверие

Cheqd, Andromeda ve Devredilmiş Yapay Zeka: Güven Odaklı Bir Dijital Dünya İnşa Etmek için Birleşiyoruz

Cheqd, Andromeda và AI được phát triển: Hợp tác để xây dựng một thế giới kỹ thuật số lấy niềm tin làm trung tâm

Cheqd、Andromeda 和 Devolved AI：联手构建以信任为中心的数字世界

The rise of digital technology has brought forth incredible advancements, but it has also introduced significant challenges, particularly in the realm of trust and data integrity. In the modern digital landscape, issues such as impersonation and fraud are rampant, often exacerbated by the capabilities of generative AI technology. These problems have undermined trust in digital interactions to a worrying degree. One of the core issues in this scenario is the lack of a reliable and financially incentivized system for issuing trusted data or credentials. This gap in the digital ecosystem leaves both individuals and organizations vulnerable to deception and misuse of their data. To address this, new solutions are emerging that focus on creating verifiable credentials to establish trust and security while also offering potential for monetization. Verifiable Credentials: A Solution to Digital Trust Issues Verifiable credentials represent a groundbreaking approach to enhancing trust and security in the digital world. They provide a means for individuals and organizations to prove their identity, skills, roles, and reputations in a secure and verifiable manner. This approach is particularly relevant in the era of Web3, where the need for portable and recognized reputation data across various platforms is paramount. The concept behind these credentials is not just to create trust but also to enable the monetization of it. By integrating credentials with payment infrastructures, organizations can explore new business models and offer incentives for users to engage more deeply within their communities. The Impact of Verifiable Credentials on Communities and Trust The introduction of verifiable credentials has far-reaching implications for various sectors: In decentralized ecosystems, verifiable credentials can break down silos, allowing reputation data to be seamlessly ported and shared across different communities and platforms. This fosters more interconnected and trusted ecosystems. Web3 and Decentralized Systems: In sectors like gaming, these credentials can verify achievements and participation, adding a layer of authenticity and value to in-game items and experiences. Gaming and Entertainment: Verifiable credentials can play a crucial role in certifying contributions to social and environmental causes, thereby ensuring the integrity and trustworthiness of such initiatives. Environmental and Social Initiatives: They can also be used to facilitate community governance, enabling members to participate in decision-making processes based on verified roles or contributions. Decentralized Governance: The Future of Trusted Data Markets The development of trusted data markets, facilitated by verifiable credentials, is a significant step towards a more secure and trustworthy digital landscape. These markets incentivize the issuance of verifiable credentials, allowing both individuals and organizations to have control over their data while engaging in secure transactions. The potential global value of these markets is substantial, indicating a growing recognition of the importance of trust and integrity in digital interactions. By empowering users with control and portability of their data, and by integrating these credentials with payment systems, a new paradigm in digital trust and data economy is emerging. Creds Creator Studio In a significant development within the digital identity space, cheqd, a pioneering startup in data control and portability, has unveiled its Creds Creator Studio at the 2023 Web Summit in Lisbon. This platform represents a critical advancement in addressing one of the most pressing issues in the digital age: the rampant rise of impersonation and fraud, particularly in the era of generative AI technology. By enabling the creation of Verifiable Credentials, cheqd is offering a robust solution to bolster community trust and enhance security across various digital interactions. No-code Platform for the Future Creds Creator Studio is a no-code platform designed to simplify the process of creating and issuing Verifiable Credentials. These credentials are pivotal in establishing trust and security, as they enable users and organizations to authenticate their identity, roles, skills, and reputations in a digital context. The platform’s user-friendly interface allows for the quick customization and issuance of credentials, with the entire process from login to completion taking less than two minutes. A significant feature of Creds is its integration with cheqd's Credential Payments system. This integration is a game-changer as it allows for the exchange and transaction of creds, paving the way for new business models and monetization strategies within various communities. This feature is not just about creating trust but also about enabling users and organizations to capitalize on their reputations. Impact on Web3 and Decentralized Systems Creds breaks the traditional silos of reputation in Web3 platforms by allowing for the seamless portability and recognition of reputation data across different platforms. This capability fosters more interconnected and versatile ecosystems, enhancing trust and collaboration. Strategic Partnerships and Use Cases Cheqd's launch of Creds Creator Studio includes partnerships with key players in various sectors: Utilizing Creds for rapid verification within its Web3 ecosystem, enhancing trust in its portfolio companies. Outlier Ventures: Employing Creds to aggregate community reputations across decentralized finance platforms. Injective: Integrating Creds in its ambassador program for enhanced monitoring and rewarding of community engagement. Secret Network: Leveraging Creds for certifying ecological credits, thus ensuring trust in climate commitments. Regen Network: Implementing Creds to certify gaming achievements and verify participation in community events related to animal welfare. RescuePals: Using Creds to facilitate community gamification and governance in the Cosmos ecosystem. Kleomedes DAO: The Future of Trusted Data Markets Cheqd's research suggests that the global value of the Self-Sovereign Identity (SSI) market could reach $0.55 trillion by 2026. By offering Credential Payments, cheqd sets itself apart, allowing owners of verifiable data to maintain privacy while engaging in secure transactions. The next step for Creds involves expanding into more traditional markets like gaming, loyalty, and entertainment, where the demand for Verifiable Credentials is already evident. Cheqd's Creds Creator Studio marks a significant milestone in the journey towards creating Trusted Data markets. By empowering users with control over their data and identities, and facilitating secure transactions within a privacy-preserving payment network, cheqd is at the forefront of shaping new paradigms in trusted data economies. The focus on building trust and integrity through Verifiable Credentials is not just a technological advancement but a necessary step towards a more secure and reliable digital future. Don’t forget to like and share the story!

Revolutionizing Digital Trust: cheqd's Creds Creator Studio Unveiled

বিপ্লবী ডিজিটাল ট্রাস্ট: cheqd's Creds Creator Studio উন্মোচন করা হয়েছে

Revolutionierung des digitalen Vertrauens: cheqds Creds Creator Studio enthüllt

Revolucionando la confianza digital: se presenta Creds Creator Studio de cheqd

Révolutionner la confiance numérique : le studio Creds Creator de cheqd dévoilé

डिजिटल ट्रस्ट में क्रांतिकारी बदलाव: चेक्ड्स क्रेड्स क्रिएटर स्टूडियो का अनावरण

デジタル信頼に革命を起こす: cheqd の Creds Creator Studio が公開

디지털 신뢰의 혁명: cheqd의 Creds Creator Studio 공개

Revolucionando a confiança digital: revelado o Creds Creator Studio da cheqd

Революция в цифровом доверии: представлена студия Cheqd Creds Creator

Dijital Güvende Devrim Yaratan: cheqd'nin Creds Creator Studio'su Tanıtıldı

Cách mạng hóa niềm tin kỹ thuật số: Creds Creator Studio của cheqd được ra mắt

彻底改变数字信任：cheqd 的 Creds Creator Studio 揭幕

Hey Hackers, cheqd has been nominated in HackerNoon's annual Startup of the Year awards in London, UK. Please vote for us here: https://hackernoon.com/startups/europe/europe-london-england-uk Read more about us below to understand why we deserve your vote👇 Meet Fraser Edwards, CEO & Co-founder at cheqd cheqd (cheqd.io) is a privacy-preserving payment network that allows users and organizations to gain control and portability of their data. cheqd builds upon Decentralised Identity, Self-Sovereign Identity (SSI), and Verifiable Credentials (VCs) with payment infrastructure to create Trusted Data markets as an entirely new industry category. Put simply, you can issue credentials and get paid to do so. My Role As CEO and co-founder at cheqd, I’m tasked with – this sounds ambitious – creating an entirely new paradigm for data and a new industry category: . Trusted Data Markets are markets where data has portability, verifiable provenance, and hence, value. Trusted Data Markets By blending a privacy-preserving payment network with a , cheqd allows users and organizations to gain control and portability of their data whilst establishing clear economic benefits for all involved. decentralized/self-sovereign identity I oversee the company’s strategy and development, as well as investor and stakeholder relations. Prior to cheqd, I led a digital identity pilot for the World Economic Forum and the Dutch and Canadian governments. I also have patents together with my former colleagues in cross-ledger payments, having worked with the Singaporean and Canadian Central Banks on cross-blockchain payments. How We're Disrupting/Improving the Crypto Industry The sheer volume of data, the advent of generative AIs like ChatGPT, and a prevalence of fraud are shifting the value from generic data to “trusted data” – data that has cryptographically verifiable provenance and traceability. For individuals, this could be as low value as receipts, through gym memberships and preferences, e.g., dietary restrictions or avatar appearance, up to high trust and therefore valued items such as passports or driving licenses which could be used as re-usable know your customer (KYC) credentials. For organizations, these could be business licenses, invoices, or endorsements from other entities. Decentralized identity protocols enable the creation of trusted data. Founded in 2021, cheqd is building the infrastructure required to support “Trusted Data” ecosystems. It has created a privacy-preserving data network for trusted data owned by their users, who have selective control over how that data is shared, used, and transacted upon. cheqd provides the tools, infrastructure, and security to support a new paradigm where users are empowered at the center of their own data universe and can transact in new . Trusted Data Markets cheqd is powered by SSI, also known as a decentralized identity. It is a disruptive new technology that empowers consumers, organizations, and even objects to verify just once and prove their identities everywhere, with full ownership, portability, interoperability, and control of their data. It’s a user-centric and user-controlled approach with almost limitless applications, stretching from Banking and the Metaverse, DeFi, and Crypto Lending to Healthcare and Travel. Standing Out from The Crowd What makes us really special is that we’re the only ones focusing on the economics of trusted data and/or self-sovereign identity. As a result, by developing payments for digital credentials, we’re the first ones to create a new category – trusted data markets. While decentralized identity technology has been there for a while, it’s the economic incentives that have been missing for the trusted data market to take off. That’s why we focused our efforts on introducing payment rails for trusted data – the first project of its kind. It creates new revenue models for organizations and individuals. One can now issue credentials and get paid to do so. cheqd technology empowers consumers and businesses with full ownership, portability, and control over their data and identities. As an open-source network with an associated suite of tools, cheqd makes exchanging and paying for trusted data easy and secure. Payments for credentials underpin all cheqd offerings and is a critical element for the adoption and scaling of decentralized identity. Our Thoughts on the Data Industry in 2023 There’s definitely a shift from data to trusted data. Similarly to the point above, with the advent of the likes of ChatGPT and neural networks, the availability of data is no longer the problem, but proving its trustworthiness and credibility is the next big thing. In relation to trusted data, which would include identity data too, we also see a transition from identity verification to reputation depending on an individual’s activity. The idea that one needs to overshare their personal data to prove something is unacceptably outdated. With a decentralized identity, thanks to digital credentials, individuals can keep their identity private yet prove certain claims, such as being an admin of a certain community or proving that they’ve completed a certain course, etc. While this could be an individual’s creditworthiness or social reputation, this is especially relevant in the context of community management and protection from scammers. As we all know, one of the biggest challenges in Web3 is security. Crypto wiped out nearly $150M in a single week and created a mass-scale distrust in communities. The way to combat this issue is through trust and reputation. scams Meaning that individuals should be able to build their verifiable reputation and port it across different communities and platforms. Finally, we certainly expect wider adoption of decentralized identity solutions, given how active big tech is getting involved in the space. What word defines the state of identity data in 2023? Can’t answer with one word – I’d say, “It’s happening!” It seems the market is finally aware that decentralized identity solutions are sorely needed across a variety of use cases – from Web3 community management and reputation to high-security identity verification, such as KYC. With tech giants such as Block’s TBD, Microsoft, Salesforce, and others actively developing decentralized ID solutions, we can confidently say the time has come. The awareness is there, the technology is there; what is missing most of the time is a commercial angle – making it easy to integrate and use and beneficial for customers. That’s why cheqd is very much focused on delivering these solutions for adoption through our product suite – cheqd network and payments for credentials, Credential Service, and Creds. Why we decided to participate in HackerNoon's Startup of the Year awards HackerNoon is a great community for all things tech and Web3, and we were thrilled to be nominated as a startup of the year! We’re also in a great company as there are many other amazing projects taking part. Thanks for the nomination! Final Thoughts Data verification and decentralized identity are growing immensely, and it’s powered by a need to verify a growing number of online interactions in both Web3 and Web2 spaces. The proliferation of the likes of ChatGPT and neural networks is creating a further urgency for the trustworthiness and credibility of data. Private and secure solutions that help to verify data and enable users to be in charge of their data are required, and that’s what cheqd is building. If you managed to read that far, please make sure to vote for us today! https://hackernoon.com/startups/europe/europe-london-england-uk/

Startup Interview With Fraser Edwards, CEO & Co-founder, of cheqd, A London Startup

The Ultimate Guardian: A Private and Secure Solution for Building Trust and Defending Against AI With an escalating rise in the number of artificial intelligence (AI) applications across industries, one resounding concern is the pressing need for robust security measures. It is an essential factor for businesses looking to retain client trust and foster relationships based on transparency and reliability. So, how can we harness the power of AI without becoming vulnerable to it? The solution lies in "The Ultimate Guardian," an innovative approach to AI safety and security. This private and secure solution creates a shield against AI vulnerabilities, ensuring that your business data remains confidential and your AI applications operate as they should – trustworthy and reliable. Building Trust in the AI Era Trust is the cornerstone of any relationship – be it between two people or a business and its clients. In the AI-driven era, this trust can feel fragile, with data breaches and misuse posing significant threats. That’s where our solution steps in, acting as the trust builder that reassures and convinces. "The Ultimate Guardian" works by providing a secure environment that keeps data locked away from prying eyes. It employs cutting-edge cryptography and blockchain technologies to maintain data privacy, ensuring that every piece of information stored and processed is protected against unauthorized access. Simultaneously, it offers a clear and transparent operation. Every AI decision and operation can be tracked, traced, and audited, fostering a relationship of trust with your clients. They know their data is not only secure but also handled in a fair and ethical manner. Protection Against AI: The Secure Frontier Securing your AI applications is not merely about protecting data. It also involves ensuring that the AI behaves as expected, without any unintended consequences. "The Ultimate Guardian" takes a multi-faceted approach to AI safety, covering every potential area of concern. First, it encompasses robust anomaly detection algorithms that monitor the behavior of the AI system, alerting you in real-time about any unusual patterns. It's like having a 24/7 watchdog that ensures your AI never steps out of line. Moreover, it brings a revolutionary "AI Cage" concept into play. This metaphorical "cage" confines AI operations within a defined boundary, preventing it from making unanticipated and potentially harmful decisions. Essentially, it's a mechanism to maintain control over the AI, even as it continues to learn and evolve. Empowering the Future with Secure AI In the grand scheme of things, "The Ultimate Guardian" stands as a beacon of trust and security in the era of AI. This solution delivers an array of benefits, from data protection to AI behavior control, and allows businesses to harness the power of AI with confidence. It's time to turn the page on AI-induced fears and step into a future where AI is not a risk but an ally. "The Ultimate Guardian" is your first step in that direction – offering you a reliable and secure platform to build trust and protect your business against AI. Make no mistake: the AI revolution is here, and it's transforming the business landscape. It's time for your business to capitalize on this shift and use it as a platform for growth. The question is, are you ready to embrace a safer, more secure AI-powered future? "The Ultimate Guardian" is ready to be your guide and shield in this new era. Trust it. Leverage it. And witness the transformation that secure AI can bring to your business. A World of Trust and Data Challenges In a digital age where data reigns supreme, the concept of trust has never been more critical. With the explosive growth of Web3, the challenges of security, engagement, and privacy have surged to the forefront. Enter , the pioneering start-up on a mission to create a trusted data economy. Their latest innovation, , is set to revolutionize the way we prove identity, build reputation, and establish trust in the Web3 landscape. cheqd Creds : Vested Interest Disclosure This author is an independent contributor publishing via our . Be it through direct compensation, media partnerships, or networking, the author has a vested interest in the company/ies mentioned in this story. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR brand-as-author program Community Security, Portable Trust, and Decentralized Reputation Web3 has seen its fair share of security challenges, with crypto scams wiping out millions in a week and causing mass-scale distrust in communities. aims to combat this wave of uncertainty by offering a portable, reusable, and privacy-preserving way to prove identity and ownership. Projects can now confirm personhood and reputation across platforms, thwarting impersonation, Sybil attacks, and scams. With Creds, community security becomes a rock-solid foundation for a thriving Web3 ecosystem. Creds Building Trust through Reputation Portability In the world of Web3, trust should transcend community boundaries. With , individuals can build a verifiable reputation and take it with them across diverse communities and platforms. The power to share one or a collection of credentials for verification adds an extra layer of privacy. By allowing users to prove their real identity without divulging personal information, Creds sets the stage for a new era of trust and transparency. Creds Gamifying Community Engagement The secret to user engagement lies in gamification, and Creds takes this to the next level. By adding a reputation layer to community strategy, projects can now explore incentivized quests, learn-to-earn mechanics, and unique trust systems. The result? Real engagement that creates a bond between projects and their communities. Gamification becomes the beacon that drives customer acquisition and retention, propelling projects to new heights of success. Privacy-Preserving: Creds vs. NFTs and SBTs Trust and reputation have been attempted through Non-Fungible Tokens (NFTs) and SoulBound Tokens (SBTs) with varying levels of success. However, takes a leap forward with privacy preservation. Unlike NFTs and SBTs, Creds keep personal data off-ledger, ensuring it remains private and secure. All data is cryptographically signed and verified through decentralized identifiers (DIDs) on-chain, creating a truly trusted data economy. Creds The Grand Launch: Creds at Nebular Summit A momentous occasion, the Nebular Summit in Paris saw the grand unveiling of Creds. Attendees received verifiable credentials, allowing them to prove their presence at the event without compromising personal information. Collectable and memorable, these became cherished mementos of a momentous gathering. The launch is a testament to the potential of Creds in revolutionizing the way we perceive trust and reputation. Creds A New Paradigm of Trust and Empowerment With Creds, is shaping a new paradigm of trust and empowerment in the Web3 landscape. It's a world where data is truly owned and controlled by users and organizations. The Trusted Data economy is no longer a distant dream but a reality where privacy, security, and reputation intertwine harmoniously. As Creds paves the way for a future where trust knows no boundaries, we embark on a journey of trust and collaboration, leaving behind a legacy of innovation and transformation. Welcome to the trusted data economy - where you hold the key to your own reputation. cheqd Don’t forget to like and share the story!

Elevate Your Web3 Experience with cheqd's Creds: Building Trust and Reputation

Eleve su experiencia Web3 con Creds de cheqd: construyendo confianza y reputación

Améliorez votre expérience Web3 avec les Creds de cheqd : Bâtir la confiance et la réputation

चेक के क्रेडिट के साथ अपने वेब3 अनुभव को उन्नत करें: विश्वास और प्रतिष्ठा का निर्माण

cheqd の Creds で Web3 エクスペリエンスを向上させる: 信頼と評判の構築

Eleve sua experiência na Web3 com Cheqd's Creds: construindo confiança e reputação

Nâng cao trải nghiệm Web3 của bạn với Tín dụng của cheqd: Xây dựng niềm tin và danh tiếng

利用 cheqd 的信用提升您的 Web3 体验：建立信任和声誉

In conversation with , a visionary entrepreneur and the driving force behind Cheqly, a full stack neobank catering to startups and SMEs. With a passion for simplifying financial processes and empowering businesses, Tomas has revolutionized the way entrepreneurs manage their finances. In this exclusive interview, we delve into Tom’s entrepreneurial journey, the unique offerings of , and his insights on the future of banking for businesses. Tomas Milar Cheqly Can you tell us about your journey as an entrepreneur and what inspired you to start Cheqly? My journey as an entrepreneur began with the establishment of a company incorporation business in Hong Kong, , where I gained valuable insights into the needs and challenges faced by startups and small to medium-sized enterprises (SMEs). During this time, I also had the opportunity to acquire , one of the largest Registered Agents in Nevada, further expanding my expertise in the business landscape. Startupr IncParadise Inspired by the desire to simplify and streamline the complex processes associated with equity management, I founded . Eqvista is a sophisticated equity management software designed to empower companies, investors, and shareholders with the ability to track, manage, and make intelligent decisions regarding their equity. By providing a comprehensive platform to incorporate companies and manage equity seamlessly, Eqvista eliminates the unnecessary hassle and time-consuming tasks typically associated with these processes. Eqvista Building upon the success of Eqvista, I realized the need for a neobank that caters specifically to the banking requirements of startups and SMEs in the United States. This realization led to the creation of Cheqly. With Cheqly, our primary objective is to make banking easy for startups, offering essential banking services that help entrepreneurs effectively start and manage their businesses. By providing a user-friendly platform accessible anytime, anywhere, Cheqly represents the future of banking for startups and the SME industry in the USA. Cheqly and Eqvista together represent a powerful ecosystem, enabling entrepreneurs to incorporate their companies, manage their equity, and access essential banking services seamlessly. Our vision is to create an all-in-one platform that serves as a trusted partner for startups and SMEs, helping them thrive in today's competitive business landscape. Could you explain the concept of a full-stack neobank and how it benefits startups and SMEs in their financial operations? Sure! A full-stack neobank like Cheqly is a complete banking solution designed specifically for startups and SMEs. It provides a wide range of financial services all in a single platform, making it convenient and efficient for businesses to manage their finances. From opening a company, filling annual returns with the Secretary of State, business accounts, and payments to invoicing, expense tracking, and financial reporting, a platform like Cheqly simplifies and streamlines financial operations, saving entrepreneurs valuable time and effort. We have also merged all Eqvista services with Cheqly; valuations, shares issuance, and all compatible services. We are really unique in the market. We can cover all you need, from incorporation, banking, valuations, and company shares management. In what ways does Cheqly support the growth and development of startups and SMEs beyond traditional banking services? At Cheqly, we go beyond traditional banking services to provide comprehensive support for the growth and development of startups and SMEs. We understand the unique needs of these businesses, and our aim is to empower entrepreneurs with the financial tools they need to thrive. First and foremost, we offer the convenience of opening a US business account remotely and online through Cheqly. This eliminates the need for entrepreneurs to travel or go through complex paperwork, making it quick and hassle-free to establish a banking presence in the US. With Cheqly, we believe in transparency and affordability. That's why we offer a US business account with no monthly or annual account fees and no minimum balance requirements. We want to ensure that our services are accessible to businesses of all sizes, providing them with a solid financial foundation without the burden of unnecessary fees. We understand the importance of efficient and seamless money transfers, both locally and internationally. That's why we have designed our platform to enable easy and fast money transfers, facilitating smooth business operations and global expansion. To further enhance the banking experience, we provide a VISA debit card, offering both physical and virtual card options. This allows businesses to make payments, manage expenses, and access funds conveniently, whether it's for online purchases, in-store transactions, or international payments. At Cheqly, we believe in delivering exceptional customer support and a personal touch. Our dedicated team is ready to assist entrepreneurs every step of the way, ensuring that their banking needs are met promptly and efficiently. Can you cover one more time the whole process and why you're different from the other providers? We specialize in supporting the launch of new ideas through services such as incorporation, banking, and cap table management. Our journey began in 2002 when we acquired IncParadise, originally founded by John Vanhara. This acquisition provided us with invaluable expertise in incorporation services and a deep understanding of the needs of startups during their early stages. Whether you choose to establish a C corporation or an LLC, we can expedite the process, completing the necessary paperwork within a matter of hours or days, depending on the state you select. Once the incorporation is taken care of, the next essential step is setting up a business account. Our partner, Neobank Cheqly, offers convenient business accounts designed specifically for companies like yours. With Cheqly, you can effortlessly send and receive money, and the entire account setup can be completed online within just 48 hours. There's no need to visit a physical branch; everything can be done from the comfort of your own space. In addition to incorporation and banking, we also provide assistance with share issuance—a critical aspect for startups. We understand that the process can become complex, starting with the allocation of founders' equity and extending to ESOPs (Employee Stock Options) and various types of investor stocks, such as SAFE/KISS/Convertible notes. Moreover, we can guide you through the intricacies of different funding rounds, including pre-seed, seed, and subsequent rounds (Series A, B, C, and beyond). Our expertise covers all these areas, ensuring that you receive comprehensive support every step of the way. What future developments or enhancements can we expect from Cheqly? Any exciting plans or upcoming features you can share with us? At Cheqly, we are constantly striving to innovate and enhance our services to better serve the evolving needs of startups and SMEs. We have an exciting roadmap ahead with several developments and features in the pipeline. One area we are focusing on is expanding our integrations and partnerships. We understand the importance of seamless connectivity for businesses, which is why we are actively working on it. In terms of user experience, we are continuously refining our platform to make it even more user-friendly and intuitive. We are actively seeking user feedback and conducting usability tests to identify areas of improvement and implement changes that enhance the overall banking experience. As a founder of a successful FinTech company, what advice do you have for aspiring entrepreneurs looking to enter the financial technology space? Firstly, deeply understand the problem you're solving before developing your solution. This will ensure that your offering is focused and addresses real market needs. Secondly, embrace collaboration and partnerships to build a strong ecosystem that amplifies the value you provide. Thirdly, prioritize security and compliance to earn the trust of your customers and stakeholders. Fourthly, stay innovative by leveraging emerging technologies to differentiate your product or service. Remember to always put the customer at the forefront of your efforts, delivering solutions that truly meet their needs. Lastly, foster a culture of continuous learning and adaptability to stay ahead in this fast-paced and dynamic industry.

Simplifying Banking For Startups & SMEs: An Interview with Tomas Milar, Founder and CEO of Cheqly

Over the last few years, rapid expansion has seen the crypto lending industry and decentralised finance (DeFi) gain traction as viable substitutes for conventional banking. Scepticism and hesitation among prospective customers are major obstacles for these cutting-edge businesses due to a lack of trust and openness. Companies like cheqd, which provide self-sovereign identification (SSI) solutions, have the potential to disrupt these industries by introducing trustworthy data, heightened security, and privacy-preserving capabilities. SSI's ability to resolve these problems is crucial to the continued development and widespread use of DeFi and crypto financing services, as it inspires trust and safety among users, service providers, and regulators. The Rise of Self-Sovereign Identity Solutions SSI solutions have been experiencing significant momentum in recent years, driven by a confluence of factors that highlight the need for enhanced digital trust, security, and user-centric identity management systems. One of the primary factors contributing to the rise of SSI is the global pandemic, which has accelerated the digital transformation across various sectors, leading to an increased reliance on digital services and remote work. This sudden shift has highlighted the need for secure and efficient identity verification systems that can operate remotely and without human intervention. SSI solutions provide a means to achieve this by giving individuals control over their digital identity and enabling them to share their data securely with service providers and other entities. Another driving force behind the rise of SSI is the increasing decentralization of technology and the emergence of Web 3.0. As we transition from a centralized, organization-centric model of the internet to a more decentralized, user-centric paradigm, SSI solutions align with this shift by empowering individuals to take control of their digital identities. In doing so, SSI can help reduce the reliance on centralized authorities and intermediaries, which have historically been prone to data breaches and misuse of personal information. The adoption of SSI by major organizations and governments serves as a testament to its potential for enhancing digital trust and streamlining processes. The UK's Financial Conduct Authority (FCA) has implemented SSI in their Know Your Customer (KYC) trial as a means to improve customer onboarding processes and combat fraud. Similarly, the UK's National Healthcare Service Staff Passport and the IATA Travel Pass utilize SSI technology to secure data sharing among healthcare professionals and streamline international travel processes, respectively. facilitate The Need for Digital Trust and the Limitations of Current Identity Models The growing reliance on digital services has underscored the need for digital trust and highlighted the limitations of current identity models, which are primarily centered around organizations. These centralized models can be inefficient, costly, and highly susceptible to cyber-attacks, as by the staggering identity theft losses of $712.4 billion in the United States and £29.7 million in the UK in 2020. evidenced Critically, these traditional identity models often require users to disclose a significant amount of personal information to multiple service providers and intermediaries, increasing the risk of data breaches and identity theft. Additionally, the dependence on third-party verification and constant check-ups can lead to a cumbersome and time-consuming process for both users and service providers, negatively affecting user experience and operational efficiency. SSI offers a more secure, efficient, and privacy-preserving alternative to these centralized identity models by empowering users to take control of their digital identities. By allowing individuals to store, manage, and selectively share their personal information, SSI reduces the need for intermediaries and streamlines the process of identity verification. Pioneering Commercial Models to Revolutionize the Self-Sovereign Identity Market In recent years, the self-sovereign identity (SSI) market has been making strides in various sectors, but the lack of commercial models has hindered its widespread adoption. cheqd, a trailblazing company in the SSI market, is working to bridge this gap by creating a new data paradigm that offers commercial incentives for data issuers to release the data back to users. : Vested Interest Disclosure The author is an independent contributor publishing via our . Be it through direct compensation, media partnerships, or networking, the author has a vested interest in the company/ies mentioned in this story. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR brand-as-author program Fraser Edwards and Ankur Banerjee, the founders of cheqd, had a eureka moment while working on SSI projects at Accenture. They realized that for SSI to achieve market-wide adoption, it was crucial to make the technology more commercially viable. With this insight, the duo established cheqd to make SSI technology more accessible, pragmatic, and appealing to enterprise customers. cheqd's remarkable progress in the SSI market is evident in its numerous notable achievements. The company has partnered with over 65% of the SSI market, including industry leaders such as Danube Tech, esatus, Evernym, Spherity, Monokee, Northern Block, Umazi, walt.id, DIDx, and others. cheqd has also successfully raised $3.3 million USD and expanded its reach by joining leading industry organizations, such as DIF, ToIP, OpenWallet Foundation, and INATBA. Furthermore, cheqd has established a new working group at W3C focusing on DID-linked resources, demonstrating its commitment to shaping the future of digital identity standards and fostering collaboration within the industry. One of the company's most ambitious goals is to become the premier network for users to own, control, and transact their data in privacy-preserving data markets. By offering a privacy-preserving payment infrastructure for verifiable data and SSI, cheqd aims to empower users and transform the way digital identities are managed. With its innovative approach and strong track record, cheqd is well-positioned to drive the commercialization of SSI and unlock its full potential across various sectors, creating a more secure and efficient digital landscape for individuals and organizations alike. Don’t forget to like and share the story!

cheqd: Pioneering Trust in the Crypto Lending Market and DeFi Through Self-Sovereign Identity

Revolutionizing the Value of Data with cheqd

Q: What do a revolutionary from the 1800s, a supercomputer from the 1980s, and a tech start-up which supports decentralisation have in common? A: They’re all fictional. 🤣 Hilarious, right? Introducing the Luddites Let’s tie these things together. First of all, the revolutionary above refers to the folkloric figure of Ned Ludd, also known variously as General, Captain, and King Ludd. Whether there was ever a real Ned Ludd is very much up for debate. Sadly, since the Luddites were pretty much wiped out a couple of centuries ago by the combination of sending the military after them and executing them when captured (they threatened the almighty profit margin after all), we’re not likely to get an answer any time soon. What’s important for this article is that Ned Ludd was an idea. He was a mythical figurehead of a decentralised movement working to protect the livelihood of the individual worker, safeguarding their autonomy in the face of capitalist mechanical automation which worked to reduce them (or rather their cheaper, unskilled replacements) to cogs in a commercial machine. The Luddites are far from the first decentralised movement, and definitely not the last. They were unique, to my knowledge, in being the first to assemble a decentralised movement to oppose centralisation and concentration of power in the hands of a few. Those few being the capitalists who purchased the machines with the aim of exploiting their workforce by removing the need for expensive expertise. The Luddites were presented then, and are again now, as straightforward anti-progress revolutionaries. Even now the name is used as an insult, suggesting someone obstructs progress for the sake of obstruction. Ironically, those at the cutting edge of technologies designed to protect individual autonomy and identity have more in common with the Luddites than they do with most of the high-tech start-ups who claim to be fighting their corners. And the Supercomputer? In 1983 a film came out which became a cornerstone of hacker culture. No, not , I’m talking about the rightly-famous . Aside from being an innovative film, provides a brilliant illustration both of the danger of centralising power and authority, and of placing too much trust in technological infallibility. Hackers Wargames Wargames At the centre of the film is a supercomputer, Joshua (or more formally the WOPR), which controls the entire US nuclear arsenal and defensive systems. Even if you haven’t seen it, you can probably predict the rest of the film just from that. The centralisation piece is particularly striking when you know three names which deserve to go down in history (and likely others we don’t know): Stanislav Petrov, Vasily Arkhipov, and Sir David Ormsby-Gore. Their stories are worth looking up, but for this article what’s important to know is that it was their individual decision-making, their exercise of their autonomy, that means we’re not living in a nuclear hellscape today. As Joshua famously writes in , when there is only mutually assured destruction the only winning move is not to play. Wargames Obviously this lesson cannot be ascribed to our modern world, where we are completely dependent on massive interconnected systems designed to squeeze all the joy and freedom out of life and turn them into profitable numbers while having us make ‘the right’ decisions (i.e. buying the things advertised to us). Tech Start-Ups Are Fine Though, Right? And that brings us to the modern tech start-up, especially those that preach decentralisation and autonomy. Some, I’m sure, are sincere - it’s a statistical impossibility that all of them are presenting a smokescreen, but it’s definitely a minority. There’s a whole rainbow of -washings (green, pink, etc.) that companies use to publicly show off their credentials, whether social, environmental, diversity, or otherwise, while carrying on as normal behind the scenes, but I’m unsure what colour would apply to autonomy. VC-backed start-ups are funded by investment. Investors are looking for a return on their investment - usually by selling the company to bigger investors later on. Even if the first investors strongly believe in the ideals of the company rather than just the opportunity for profit, success and a sale dilutes everything further and further from those initial aims. Driving and supporting autonomy and decentralisation of power inevitably builds systems where it is harder for a single entity to extract value in the form of profit for themselves. Decentralised systems are resilient, not robust. They’re sustainable, not efficient. They tend towards value-sharing, not profit-making. This is a problem if the key incentives that drive an organisation are monetary returns on investments. What’s the Answer? Is there anything that can be done? Well, to a degree. The system is clearly built in such a way that gathering the resources to change it requires a level of investment which makes it hard to then change it without causing yourself damage. Taking part in these larger systems constrains our choices and autonomy, while opting out of them leaves us with ideological movements. Movements which are often unable to take effective actions, and easy for coordinated efforts to subvert for their own ends. At some point there may be enough smaller entities which aren’t profit-driven pulling in the same direction to make a difference, but until then all we can do is just not play the game. Instead of pursuing the big pay cheques of major tech companies, look to smaller organisations with different motivations. A question I was always told to ask when going to interviews was “why are you in business?” If the answer was “to make money”, it was not a sustainable place to work. For an organisation money should be a means to an end. Treating it as an end in itself is just chasing after a high score that means nothing outside the arcade (80s reference just to tie back to there). Wargames Take a lesson from the Luddites. Yes, they failed. Yes, they were utterly crushed by a system that turned people into nothing more than components in a money-making machine with no autonomy, no power, and no identity beyond ‘worker’. Failure doesn’t mean they were wrong. This article should not be taken as an incentive to or an endorsement of taking direct destructive action against datacentres, infrastructure, technology companies or similar. The author fully endorses the ideals of the Luddites, not their methods, or at least not the methods that will lead to similar reactions to those they faced.

Luddites, WarGames, and the Lost Battle for Autonomy

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