Globally Cheqd, an innovative decentralised payment and trust infrastructure provider, has entered into a strategic partnership with Anonyome Labs. Based in Salt Lake City, Anonyome Labs is a leader in consumer privacy, cyber safety and digital identity solutions. This partnership aims to change the narrative surrounding digital identity. Most importantly, it will guide organizations to provide more direct value into the ecosystem and users to build up the power that they have in controlling their data.
Now, Cheqd and Anonyome Labs have partnered to help organizations monetize the credentials they create. This cooperation will assist in establishing a commercially sustainable digital identity environment. This privacy-first, operationally-smooth method prepares you for fast-changing regulations. In the long run, the partnership aims to offer customers seamless travel experiences while reducing fraud exposure.
"cheqd’s on-chain payment rails further enhance the value of Anonyome Labs’ Verifiable Credential offerings by unlocking new revenue models for credential issuers. For the first time, organisations can generate direct value for their role in the digital identity ecosystem by charging for credentials they issue." - JD Mumford, Anonyome Labs CEO.
It’s the same story across many use cases cheqd’s Co-founder and CEO, Fraser Edwards, highlighted commercial sustainability being a key pillar in any thriving future for digital identity.
"The future of digital identity must be commercially sustainable to thrive. By introducing monetisation models for credential issuers, we’re proving that privacy and profit can go hand-in-hand. This partnership is a major step towards that future. Moreover, developers no longer have to choose between privacy and functionality." - Fraser Edwards, Co-founder and CEO of cheqd.
Cheqd and Anonyome Labs together are participating in developer enablement. Combined, they offer an inventive arsenal of tools that put privacy at the forefront to deliver customizable solutions.
Cheqd and Anonyome Labs teamed up to put users in control. Their integrated answer brings ownership of digital identities and private information firmly to individuals, providing them the power and freedom they deserve. This user-centric approach promotes a greater sense of trust and transparency across the digital ecosystem.
