cheqd Announcements

$CHEQ $DOCK Token Merger Approved An Alliance for Decentralised Identity Adoption The token merger between Dock and cheqd has been officially approved, marking a significant milestone in our collaboration to create a comprehensive software stack for decentralised identity (DID). While the two will remain separate entities, Dock will focus on the issuance and monetisation of verifiable credentials, while cheqd will advance network layer payment and trust infrastructure. Dock's existing and future transactions will migrate to the cheqd blockchain, enhancing functionality and operational continuity. As part of the merger, $DOCK tokens will be swapped for $CHEQ tokens at a predetermined ratio, with unclaimed tokens likely to be burned to reinforce cheqd's deflationary model. This merger saw overwhelming support from both communities, with 100% approval from voters. The merger is set to boost network activity, increasing $CHEQ's utility by driving more identity transactions across its infrastructure. This integration strengthens both ecosystems, with over 100,000 community members and numerous active partners, positioning them as leaders in the self-sovereign identity (SSI) market. The migration process is set to begin in Q4, with both teams working closely to ensure a seamless transition. The merger signals a major step towards the future of secure, decentralised identity. Read more here

Founding Member of GAN We are excited to announce that Global Acceptance Network (GAN) is making its first public appearance today and cheqd has joined as one of its founding members. At cheqd, we believe that GAN represents a pivotal advancement in building a trustworthy, decentralised digital ecosystem. The internet’s current infrastructure lacks a trust layer, resulting in ongoing issues like fraud, phishing, and privacy breaches. GAN aims to resolve these issues by providing a universal trust framework that can support cross-ecosystem verifiable data exchange, making interactions safer, more private, and efficient. cheqd has joined GAN because it aligns with our mission to create interoperable digital trust ecosystems. GAN's vision of providing a "DNS for Trust" is key to fostering seamless, secure, and scalable trust relationships across digital spaces. This will allow us to accelerate the adoption of verifiable credentials and decentralised identity solutions, making the internet more secure. We see immense potential for GAN to revolutionise industries such as healthcare, by securely exchanging patient records across borders, and finance, where it can streamline KYC/AML processes while ensuring compliance. In the supply chain sector, GAN can provide transparency in the origin of materials, enable product passports, and facilitate trade finance across global markets. Another exciting prospect is frictionless travel, enabling a seamless, secure experience across various regions and providers. For cheqd, GAN can amplify the reach of our decentralised identity solutions by providing a standardised infrastructure for data exchange across diverse ecosystems. This creates opportunities for collaboration and innovation, opening up new business models and enhancing user experiences. GAN’s nonprofit governance model ensures neutrality and inclusivity, providing a trust layer for the internet that encourages collaboration while allowing ecosystems to evolve independently. This combination of structure and freedom makes GAN a groundbreaking initiative that we are proud to support. We look forward to contributing to GAN’s vision and building a more secure and interconnected digital future. Learn more here

Governance Proposal#53 - Now Live As we’ve previously announced, Danube Tech raised a proposal discussion on Commonewealth to create Universal Support for DID-Linked Resources in the DIF Universal Resolver, and Universal Registrar. Danube Tech seeks €60,000 to deliver this proposal in two phases. This proposal is now live for on-chain vote. Start Date: Mon 16 Sep End Date: Sat 21 Sep End Time: 11:42 UTC+1 🗳 Omniflix 🗳 Leap Dashboard 🗳 Commonwealth

What Dock Has Been Building - Elina Cadouri Dock is a decentralised ID platform that enables organisations to create ecosystems where users can securely share their data with other organisations, ensuring consent and privacy. This system is designed to facilitate data sharing while prioritising user control and protection. Dock works with clients like Aliva, Classter, and leading ID companies serving top banks and financial institutions. The focus is on driving adoption and helping traditional organisations understand the benefits of this technology. Dock provides seamless integration and expert support to ensure organisations can effectively implement the platform into their systems.

What Dock Has Been Building - Nick Lambert Dock has been on a long research and development journey, focusing on building an issuance and verification platform over the past three to four years. The platform allows companies, especially those in the identity and KYC spaces, to issue and verify verifiable credentials. One of the platform’s unique features is the ability for companies to create ecosystems by inviting trusted parties they already work with to collaborate on credential issuance and verification. This ecosystem-building capability stands out in the industry. cheqd is thrilled to partner with Dock to deliver the most feature-complete software stack for decentralised ID.

The application deadline of cheqd foundation delegation program cycle 2 is fast approaching, and will conclude on September 26. Two weeks left! We are setting aside a Delegation Pool of up to 150 million $CHEQ tokens which may be delegated or redelegated to Validators which help positively contribute to the cheqd ecosystem. The range of delegation per Validator is expected to be between: 4 million and 40 million $CHEQ based on the eligibility and criteria set out in the blog below. And we will be redistributing the allocated tokens from the previous 2023 Delegation Programme for this years’ applicants. Please submit your application before September 26. Learn more about the eligibility, criteria, and application process.

Dock Alliance Merger - Proposal #52 We are forming an alliance with Dock ($DOCK) across two fronts: Dock will migrate Dock Certs to support the cheqd network and also migrate their historic and future network traffic over from the Dock network to cheqd. This includes; ✅ DIDs ✅ Verifiable Credentials ✅ Trust Registries(later down the line) As part of this, we intend to merge the $DOCK token into $CHEQ and Dock will subsequently sunset the Dock network. Tokenomics Summary Swap Ratio: 18.5178 $DOCK to 1 $CHEQ Token Mint: 52.8m $CHEQ (note that unclaimed $CHEQ will likely be burnt) You can read the full blog here As this must be agreed by both communities, we now need your vote! You can submit your vote by the following means; 🗳 Omniflix 🗳 Leap Dashboard 🗳 Commonwealth

About the DID Alliance with cheqd Elina Cadouri Elina is excited about the partnership with cheqd, seeing it as a way to build a powerful decentralised identity network and accelerate the adoption of verifiable credentials. She believes it will enhance interoperability between organisations and create a larger network, benefiting individuals by enabling access to new opportunities and services. Together, Dock and cheqd aim to make secure, verifiable credentials the norm, with everyone's involvement key to achieving this vision.

About the DID Alliance with cheqd Nick Lambert Nick expresses his excitement about working with cheqd, praising the team's collaborative spirit, particularly Fraser, Javed, and Ankur. He values their shared vision and the positive working relationship so far. Nick sees the partnership as a powerful combination of two leading organisations in digital identity, ready to accelerate the adoption and monetisation of verifiable credentials, an area with limited production solutions. He highlights Dock's strengths in building on top of the blockchain, such as APIs, wallets, and customer tools, while acknowledging cheqd's expertise in the blockchain layer. Together, both companies focus on their core strengths, creating a complementary partnership. Dock's focus on Web 2 applications and cheqd's expertise in Web 3 ensures they cover different markets without overlapping, providing different perspectives and enhancing their collaboration. Nick is enthusiastic about the alliance and eager to move forward.

Our CTO, Ankur Banerjee(@ankurb), will be joining a panel of speakers in a space titled, ‘Innovation in the Cosmos’, hosted by Kinetix. Other panel speakers include Evmos, Andromeda, and many more. 🗣 📅 Wed 11 September 🕜 1900 BST More details here 👈 Set a reminder here 👈