cheqd, a enterprise that permits customers and organizations to achieve management and portability of their knowledge, has launched Credential Service to supply organizations with an easy-to-use, plug-and-play answer for issuing and sustaining digital credentials.

cheqd’s “Credential-as-a-Service” is an off-the-shelf Software program-as-a-Service answer prepared for any enterprise. Cheqd makes use of a credential service to supply a straightforward approach for enterprises to simply challenge and validate distributed credentials. It eliminates all of the complexity and technical experience required to create or combine decentralized identities into present techniques, enabling companies to challenge and confirm trusted credentials in just some steps. enhance. By utilizing underlying API companies, software builders can simply create and preserve credentials. It gives options similar to revocation registries, decentralized identifiers, identification keys, verifiable credentials and presentation, and credential funds. Consequently, cheqd companions have the choice of adopting a fundamental set of API companies moderately than together with extra complicated and nuanced software program growth kits (SDKs).

As a part of the corporate’s total mission, the Credential Service gives a approach for anybody to entry Imminent Funds, a primary for cheqd that permits on-chain funds for off-chain verified knowledge. To do. Anybody can develop totally new enterprise fashions utilizing funds options similar to Trusted Knowledge Markets.

Organizations can use the Credential Service to entry cheqd’s distributed identification (DID) framework within the quickest and only approach potential, with out the necessity for technical experience. DID is a key a part of the know-how that permits self-sovereign identification (SSI), giving people authority over the info they use to authenticate themselves to web sites, apps, and companies on the net. enhance. Customers can retailer all their data in a digital pockets that protects privateness, makes private knowledge safer, reduces danger, and streamlines verification processes.

The Credential Service is predicated on blockchain know-how from cheqd, a trusted, permissionless public community that’s totally compliant with Europe’s GDPR. As it’s based mostly on self-sovereign identification know-how, it has been rigorously constructed with the upcoming EU eIDAS laws in thoughts, which regulates digital identification and belief companies for digital transactions. As with all cheqd merchandise, no personally identifiable data is saved on the community. As an alternative, customers’ delicate data is saved off the ledger and saved personal and safe. Credentials could be immediately reviewed and verified as the knowledge is signed and verified by an on-chain trusted identifier.

cheqd’s credential service can be utilized for quite a lot of use circumstances, together with Know Your Buyer (KYC) checks, academic background verification, and on-line popularity. Fee for digital credentials can be facilitated, in full compliance with all relevant rules.

For another inquiries or interview requests, please contact Avishay Litani at [email protected].