CHEQD Network (CHEQ) is a public, permissionless blockchain built on the Cosmos ecosystem, designed to facilitate trusted data markets and self-sovereign identity (SSI). By leveraging Verifiable Credentials (VCs) and decentralised identifiers (DIDs), CHEQD enables individuals and organisations to control their personal data, maintain privacy, and engage in secure digital transactions. Its native cryptocurrency, CHEQ, is used for governance, staking, and credential-based payments.
CHEQD operates within the Cosmos blockchain ecosystem and uses a Delegated Proof of Stake (DPoS) consensus mechanism. This allows CHEQ token holders to participate in governance and staking. The network utilises:
By ensuring high interoperability across multiple digital credential types, CHEQD aims to enhance trust and security in digital transactions.
CHEQD has practical applications in multiple industries, including:
Notable partnerships include:
CHEQD was founded by Cheqd Ltd, a company specialising in self-sovereign digital identity solutions. While the exact founding date is not specified, key milestones include:
A significant development in the network's evolution has been the introduction of Delegated Proof of Stake (DPoS) and the creation of customisable commercial models for data monetisation. CHEQD continues to position itself as a leader in trusted data markets and decentralised identity management, focusing on interoperability, user control, and privacy.