Cheqd Announces Partnership With Dock to Boost Adoption of Decentralised ID Worldwide
Cheqd, a trust and payment infrastructure provider, has partnered with Dock. This decentralized identity platform empowers businesses to launch ID ecosystems where their partners can create, share, and monetize verifiable digital credentials.
While Cheqd is committed to creating Self-Sovereign identity (SSI), eID, digital credential businesses, and ecosystems, its alliance with Dock follows a common goal of accelerating the adoption of Decentralised Identity (DID) solutions.
According to the announcement, the partnership will see Dock Certs and its client base migrated to the child network. The $DOCK tokens will be merged into $CHEQ, while the partnering firms will remain independent entities.
Cheqd and Dock Combines Efforts to Accelerate Global Adoption of Decentralised ID
Following efforts to make decentralized ID use appealing and accessible to users worldwide, Cheqd and Dock have decided to combine their resources.
It is important to note that Docks ability to help Identity Solutions Providers launch ID ecosystems coincides with Cheqds vision, which aims to allow individuals to own, control, and monetize their data in a portable, privacy-preserving manner.
Fraser Edwards, Co-founder and CEO at Cheqd, commented on this, saying, Dock and Cheqd partnering establishes the most feature-complete software stack for decentralized ID (DID) encapsulating no-code management and privacy-preserving payments for the verifiable credentials. This alliance is a clear signal that cheqd is the home for DID with Dock and their clients joining our ecosystem of partners and clients, as well as the merging of two communities who firmly believe in the vision of DID.
While more than 600 companies have created accounts on Dock Certs, their Decentralised ID platform, Cheqd also boasts of over 80,000 addresses created on its mainnet.
The announcement further notes that the collaboration of Cheqd and Docks established ecosystems will forge a powerful network of over 100,000 community members and hundreds of active partners.
Cheqds trusted payment infrastructure and Docks versatile SaaS platform marks a great fit which promises to deliver a scalable, cutting-edge solution suited to both traditional and Web3 industries such as finance, identity solution providers, government services, and more.
Nick Lambert, Co-founder and CEO of Dock Labs, also shared his delight on the collaboration saying, This exciting partnership enables Dock to focus on new and innovative features for our clients delivered through our issuance and verification platform, Certs, while relying on cheqds cutting edge network for the blockchain-related elements. This alliance enables both organisations to demonstrate their core capabilities, providing best in class solutions to our rapidly growing customer bases.
Per the announcement, the joint network developed by cheqd and Dock will support a vast number of Decentralised Identifiers (DIDs) and include multi-SDK integration and open-source tooling, including DIF Registrar & resolver, Credo, Veramo, Walt.id, and Vidos (Mailchain), enabling broad application development and integration opportunities.
This will maintain Cheqd and Docks commitment to compliance, including the EU Digital Identity Framework and eIDAS 2.0. The companies are also relentlessly working together to incorporate additional regulatory frameworks worldwide.
While both companies are backed by teams with vast experience, they will give builders and end users access to the latest products from Cheqd and Dock, respectively. These include the formers imminent MiCA-compliant stablecoin and fee abstraction technology, plus Docks forthcoming offering of mobile drivers licences (mDLs) and cloud wallet.
Text source: ZyCrypto
