cheqd Introduces Credential Service, Simplifying Credential Issuance for All

cheqd, a enterprise that allows customers and organizations to amass management and portability over their information, has launched Credential Service, which supplies organizations with an easy-to-use, plug-and-play resolution for issuing and sustaining digital credentials.

The “Credential-as-a-Service” offered by cheqd is a ready-made software-as-a-service resolution that may be shortly applied into any enterprise. Cheqd affords a straightforward means for companies to simply situation and validate decentralized credentials with its Credential Service. It eliminates all of the complexity and technical experience wanted to create or combine Decentralized Identification into present programs, enabling companies to situation and confirm reliable credentials in only a few simple steps. By using primary API providers, software builders could simply create and keep credentials. It affords features like Revocation Registries, Decentralized Identifiers, Identification Keys, Verifiable Credentials and Shows, and Credential Fee. In consequence, cheqd companions now have the selection to make use of a primary set of API providers versus together with extra intricate and nuanced Software program Growth Kits (SDKs).

Credential Service will present a means for everybody to entry impending funds capabilities, cheqd’s first-of-its-kind characteristic allowing on-chain funds for off-chain verified information, as a part of the corporate’s total mission. Anybody could develop entire new enterprise fashions utilizing cost functionality, reminiscent of Trusted Knowledge Markets.

Organizations could use Credential Service to entry cheqd’s Decentralized Identification (DID) framework within the quickest and only method potential without having any specialised technical data. DIDs are a key piece of enabling expertise for self-sovereign identification (SSI), which supplies people authority over the information they use to authenticate themselves to web sites, apps, and providers on the Internet. Customers could save all of their info in digital wallets that safeguard their privateness, make private information safer, scale back danger, and streamline the verification course of.

The Credential Service is predicated on cheqd’s blockchain expertise, a dependable, permissionless, public community that complies completely with the GDPR in Europe. It’s fastidiously constructed with the approaching EU eIDAS laws, which regulates digital identification and belief providers for digital transactions, in thoughts since it’s based mostly on self-sovereign identification expertise. No personally identifiable info is saved on its community, as is the case with all cheqd merchandise. As a substitute, the person’s delicate info is saved off-ledger, the place it’s saved secret and protected. Any credential could also be shortly reviewed and confirmed for the reason that info is signed and verified by reliable identifiers on-chain.

The Credential Service from cheqd could also be used for quite a lot of use instances, reminiscent of Know Your Buyer (KYC) checks, the verification of academic credentials, and on-line popularity. In full accordance with all relevant laws, it additionally facilitates funds for digital credentials.

Avishay Litani could also be reached at avishay@marketacross.com for any extra inquiries or interview requests.