cheqd provides the trust and payment infrastructure for creating digital credential businesses and verifiable AI ecosystems. The platform enables privacy-preserving payments for data to incentivize release from silos, facilitating new user experiences and personalized AI applications. It supports various identity frameworks and offers Trust Registries to govern permissioned or permissionless data ecosystems.
Funding
$3.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
TFounders
Product
Problem
In digital interactions, verifying the legitimacy and trustworthiness of entities is crucial, yet current methods rely on centralized systems with limited flexibility. This creates challenges in establishing trust across diverse ecosystems, especially with the rise of decentralized applications and AI agents.
Solution
Cheqd provides a payment and trust infrastructure for credentials and verifiable AI, enabling secure and private digital identity exchanges through decentralized identifiers (DIDs) and verifiable credentials. The platform facilitates privacy-preserving payments for data, incentivizing the release of information from silos to enhance user experiences and support personalized AI applications. Cheqd's network offerings support multiple credential formats and customizable commercial models, underpinning identity frameworks such as eIDAS 2.0. Its industry-leading Trust Registries allow ecosystems to govern themselves, creating permissioned or permissionless trusted data ecosystems and verified AI agents.
Target Audience
Cheqd targets SSI and digital identity companies, e-commerce and retail businesses, corporate identity management, onboarding services, NFT platforms, verifiable AI applications, the gaming industry, HR, DeFi, healthcare, supply chain, travel, government, and decentralized reputation systems.
Features
- Decentralized identifiers (DIDs) fully conformant to W3C DID specifications with DID-Linked Resource support
- Trust Registries for managing trusted issuer, verifier, and agent lists
- Support for standards such as SD-JWT, W3C VCDM, OpenID4VC, AnonCreds, and DIDComm
- Customizable commercial models for ecosystems and consortia, including revenue splits to support wallet providers
- Payments for trusted data using stablecoins such as USDC and EUROe
- Tools such as cheqd Studio for managing DIDs, Trust Registries, and Payments
- Integration with partner SDKs like Credo, ACA-Py, and Veramo