cheqd

cheqd

cheqd CHEQ Rank #3932

Walkthrough cheqd (CHEQ) Token. What is it, price and risks

cheqd Exchanges

Exchange Market Pairs Buy
Gate.io BTC/USDT -
BitMart DGB/BTC -
Osmosis MED/ATOM -
"You can't have a decentralized web without a decentralized identity that works at scale." Jamie Burke, CEO of Outlier Ventures and supporter of cheqd. At cheqd we are building a dedicated incentivized network that allows individuals and organizations to fully control their personal data and build the infrastructure so that decentralized identity can work at scale. To achieve this, cheqd is creating customizable payment tracks and business templates for authentic/trusted data/autonomous identity. Too often, online digital identity services are slow, user-unfriendly and costly for businesses to process. The identity checks themselves can cost anywhere from $10 and up to verify individuals' identities online and up to $100 for corporate entities. At the individual level, the average individual has more than 190 passwords, which are difficult to manage and prone to hacking. In recent years, many startups, established ID companies, governments, and nonprofits have used decentralized identity to give people more control over their data and make its use secure and transparent. However, what is currently missing is a layer of commercial incentives for the self-sovereign identity ecosystem. We are using blockchain to create a decentralized network for digital identity payments to solve this problem. Our network provides the means of payment between organizations and individuals that issue, hold, and receive authentic data globally, and also enables them to customize business models for this data for ecosystems like financial services, airlines, pharmaceuticals, and even emerging ecosystems like DeFi. , NFT and Crypto.cheqd will become the reference network for self-managed / self-managed identity that rewards all parties (issuer, owner, recipient) in the ecosystem, institutional or individual, and will become the token for the future of decentralized identity and privacy