It's time to talk about trust.
If Cosmos is the internet of blockchains, then Cheqd is the internet of trust.
But what is Cheqd?
How does it work?
And why is it key for #Web3 to become a reality?
A 🧵👇
$CHEQ @cheqd_io
#Web3 #SSI #cosmos #DID
If Cosmos is the internet of blockchains, then Cheqd is the internet of trust.
But what is Cheqd?
How does it work?
And why is it key for #Web3 to become a reality?
A 🧵👇
$CHEQ @cheqd_io
#Web3 #SSI #cosmos #DID
Decentralised Identifiers #DID's, and #incentives via blockchain solutions are going to challenge everything we know about handling #data.
New commercial business models.
New marketplaces.
New privacy.
It's the bedrock of #web3.
New commercial business models.
New marketplaces.
New privacy.
It's the bedrock of #web3.
Cheqd is making it easier for (A) individuals and (B) organisations to trust each other!
No more data silos to be leaked or hacked.
No more data sold without consent.
No more relationships and transactions without trust.
Taking back control in a trustless network.
No more data silos to be leaked or hacked.
No more data sold without consent.
No more relationships and transactions without trust.
Taking back control in a trustless network.
A) Benefits for individuals:
The average person has over 190 passwords, which are hard to manage and prone to hacking.
Your data shouldn't be in silos waiting to be leaked or stole, and companies shouldn't make money selling your data without your consent.
The average person has over 190 passwords, which are hard to manage and prone to hacking.
Your data shouldn't be in silos waiting to be leaked or stole, and companies shouldn't make money selling your data without your consent.
B) Benefits for organisations:
#DIDs allow for new business models for verifiable credentials.
Cheqd helps companies create new and innovative business models, ensuring self-sovereign identity (#SSI) is a viable and rewarding service to offer to customers.
#DIDs allow for new business models for verifiable credentials.
Cheqd helps companies create new and innovative business models, ensuring self-sovereign identity (#SSI) is a viable and rewarding service to offer to customers.
There will come a time when the handling of data will undergo a revolution.
The realisation that blockchain has the power to disintermediate and bring down walls, show the benefits of collaboration, co-opetition, incentives to create new business models.
blog.avast.com/eidas-2.0-avast
The realisation that blockchain has the power to disintermediate and bring down walls, show the benefits of collaboration, co-opetition, incentives to create new business models.
blog.avast.com/eidas-2.0-avast
To accomplish all this, Cheqd has built partnerships across #cosmos and #web3.
Adoption of #SSI, new commercial models and new marketplaces if Cheqd network is ever going to succeed.
It will be exciting to see what new partnerships @cheqd_io will strike next.
Adoption of #SSI, new commercial models and new marketplaces if Cheqd network is ever going to succeed.
It will be exciting to see what new partnerships @cheqd_io will strike next.
Startups, corporations, governments, and NGOs will use decentralised identity to give people more control back of their data and make its use secure and transparent.
But there needs to be a network with a payment mechanism to compensate for these efforts.
$CHEQ is just that.
But there needs to be a network with a payment mechanism to compensate for these efforts.
$CHEQ is just that.
cheqd aims at becoming the go-to network for self-sovereign / self-managed identity.
$CHEQ allows issuers/receivers/holders/node operators to pay each other for digital credentials without compromising the privacy and security of users.
$CHEQ allows issuers/receivers/holders/node operators to pay each other for digital credentials without compromising the privacy and security of users.
There are 3 parts to the $CHEQ tokenomics:
1⃣ Introducing the basic tokenomics: cheqd.io/blog/cheqds-to…
2⃣ Covering the initial distribution of the token: cheqd.io/blog/cheqds-to…
3⃣ Payment rails: cheqd.io/blog/cheqds-to…
1⃣ Introducing the basic tokenomics: cheqd.io/blog/cheqds-to…
2⃣ Covering the initial distribution of the token: cheqd.io/blog/cheqds-to…
3⃣ Payment rails: cheqd.io/blog/cheqds-to…
By introducing payments and other economic incentives via the $CHEQ token, Cheqd will turbocharge the adoption of #SSI, return control and privacy to individuals, and enable new business models for authentic data.
The future is trustless in full swing 🤘
The future is trustless in full swing 🤘
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Subscribe to our newsletter, podcast or YouTube channel on all things #Cosmos, #IBC and $ATOM on 👇
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