cheqd is at the forefront of the digital identity ecosystem. They’ve joined forces with Anonyome Labs to allow Verifiable Credentials (VCs) to be monetized with the help of decentralized digital identity solutions. This partnership is another big step towards achieving commercial sustainability for digital identity. It incentivizes institutions to produce immediate value by monetizing the credentials they pave. This collaboration builds on cheqd’s decentralised infrastructure to add even more utility to Anonyome Labs’ credentials, generating additional revenue streams for credential issuers.
Driving Commercial Sustainability in Digital Identity
cheqd’s overall mission is to help create a commercially sustainable future for digital identity. Fraser Edwards, co-founder and CEO of cheqd, emphasizes the importance of this mentality. He thinks that’s a very important part for long-term success of this entire digital identity landscape. Our partnership with Anonyome Labs speaks directly to this need, bringing new models of monetization for credential issuers to the forefront.
"The future of digital identity must be commercially sustainable to thrive." - Fraser Edwards, co-founder and CEO of cheqd
We believe this collaboration shows that privacy and profitability can be bedfellows. It helps to create a level playing field, one where all organizations are incentivized to invest in secure digital identity solutions.
cheqd and Anonyome Labs Collaboration
cheqd’s collaboration with Anonyome Labs will help change the way organizations think about, manage, and create value from digital identity. Anonyome Labs have incorporated cheqd’s on-chain payment rails. This equips them to provide their customers the ability to monetize their Verifiable Credential offerings. This new potential market serves as a catalyst for credential issuers to create new revenue models, making innovative digital identity solutions more appealing and self-sustaining.
"cheqd's on-chain payment rails further enhance the value of Anonyome Labs' Verifiable Credential offerings by unlocking new revenue models for credential issuers." - JD Mumford, Anonyome Labs CEO
This unique partnership is useful for organizations that award credentials. It’s spurring adoption and development of decentralized digital identity solutions.
Monetization Models for Credential Issuers
The creation of new monetization models for credential issuers represents a paradigm shift in the credentials-as-a-digital-identity concept. cheqd and Anonyome Labs are paving the way for a future where organizations can generate revenue from the credentials they issue, creating a sustainable ecosystem for digital identity.
"By introducing monetization models for credential issuers, we're proving that privacy and profit can go hand-in-hand." - Fraser Edwards, co-founder and CEO of cheqd
This approach ensures that organizations have the resources and incentives to maintain high-quality, secure, and privacy-respecting digital identity solutions. This leads to a more secure environment for consumers and businesses, building trust and confidence across the digital ecosystem.
