CHEQ
CHEQD Network
$0.02816087AUD
0.000000209454 BTC
Market Cap
24.9M AUD
24H Trade Vol.
248.6K AUD
Total Supply
891.2M
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Buy CHEQD Network (CHEQ)

What is CHEQD Network (CHEQ)?

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.

How does CHEQD Network (CHEQ) work?

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:

  • Decentralised identity management (SSI) – Users have full control over their digital identity.
  • Verifiable Credentials (VCs) – Enables secure and verifiable data sharing.
  • Smart contracts – Facilitates governance, staking, and credential payments.
  • Customisable commercial models – Allows organisations to monetise data in a transparent way.

By ensuring high interoperability across multiple digital credential types, CHEQD aims to enhance trust and security in digital transactions.

What are the potential use cases for CHEQD Network (CHEQ)?

CHEQD has practical applications in multiple industries, including:

  • Decentralised identity management – Enabling individuals to own and control their personal data.
  • Trusted data markets – Facilitating verifiable data exchange between organisations.
  • Gaming & social media – Providing users with control over their online identities and data privacy.
  • Financial services, healthcare, and education – Securing sensitive information and improving data verification processes.

Notable partnerships include:

  • Andromeda – Enhancing developer experiences with trusted data solutions.
  • Timpi – Integrating decentralised AI and data solutions.
  • Verida – Implementing mobile wallet credential solutions.
  • Nuklai – Enhancing data credibility in AI ecosystems.

What is the history of CHEQD Network (CHEQ)?

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:

  • Partnership with Andromeda – Expanding trusted data integration for developers.
  • Collaboration with Timpi – Advancing decentralised AI and data solutions.
  • Integration with Verida – Bringing mobile wallet credential solutions to the network.

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.