Cheqd(CHEQ) New Listing on LBank

cheqd is a market-leading technology company enabling individuals and organisations to take full control of their own data. With this, their vision is to become the de-facto payment mechanism for trusted (authentic) data. This is all in service of a much greater mission: to give people and organisations the ability to control and understand the value of their own data.

As a technology scale-up company, cheqd provides a market-leading solution for data ownership and value creation. The platform delivers first-of-its-kind payment rails, customisable commercial models and governance structures for trusted data, including self-sovereign identity (SSI). Unlike the existing system, SSI is a user-centric and user-controlled approach to exchanging authentic and digitally signed information in a much more secure way. It is also widely believed to be the next generation of digital identities across open networks. By introducing payments and other sustainable economic incentives, cheqd will turbocharge SSI adoption, return control and privacy to individuals, and enable new business models for trusted data.

Payment mechanisms for identity and trusted data can be applied globally and cross-industry (from financial services to web3 companies, from private to the public sector). The scale of distribution in the SSI space is unmatched –- over 50% of the SSI market have already joined the cheqd network and are building SSI applications on top of their network. Through its strong community of partners, cheqd engages with companies in various different industries, which further demonstrates the endless areas of opportunity for the application of SSI technology.