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Learn about cheqd Staking
cheqd is a market-leading technology company enabling individuals and organisations to take full control of their data. It provides payment rails, customisable commercial models and governance structures for trusted data, including self-sovereign identity (SSI). Based on blockchain technology, cheqd is built upon a public permissionless network with a dedicated token – $CHEQ.
cheqd aims to be the transactional layer for authentic data. Trust between users of the network is established by incentivizing all members of the network which also helps to bootstrap the adoption of self-sovereign identities for users. This enables users to be in control of their data while
The transaction above shows how a credential would flow from an issuer to a receiver through the use of a holder. By structuring payment rails as shown above
- Issuer gets paid for credential
- Receiver gets credential
- The holder acts as a middle man for data transfer making sure 1 & 2 occur
- cheqd network takes fees from all transactions, benefitting the network operators
- The holder can aggregate transactions between Org1 and Org 2 which reduces transaction costs