Blockchain
cheqd announces multiple partnerships with market leading self-sovereign identity vendors ahead of mainnet launch
cheqd, a technology company building a decentralised network enabling individuals and organisations to take full control of their data, has partnered with market leading self-sovereign identity (SSI) vendors ahead of its mainnet launch in the coming days.
SSI or decentralised identity, is an emerging disruptive technology for the exchange of authentic and trusted data, including people and companies in a more secure manner, giving individuals ownership and control over their own data. Gartner recognises SSI’s disruption of identity: “Decentralised identity (DI) and privacy-enhanced verifiable claims/credentials will disrupt identity… They reinvent business processes to enable new business models and the creation of new data marketplaces.”
cheqd’s network is built for SSI vendors to disrupt established identity paradigms and create new authentic data marketplaces. Each SSI vendor will utilise cheqd’s network for payment rails, never-seen-before commercial models, open standards and interoperability within a decentralised governance framework to advance their commercial strategies and technical roadmaps.
The companies partnering with cheqd are as follows:
DanubeTech: https://danubetech.com/
DanubeTech is a leader in the field of digital identity, including decentralised identifiers (DID), verifiable credentials, and related technologies. Markus Sabadello, DanubeTech’s CEO and founder, on cheqd as the next step in the evolution of SSI networks:
“Danube Tech has been a pioneer in DID technologies, and we see cheqd as a promising next step in the evolution of SSI networks. Operating a cheqd node will add value to our mission of enabling global interoperability of decentralised identity infrastructures.”
Spherity: https://spherity.com/
Spherity builds decentralised identity management solutions to power the 4th industrial revolution. Carsten Stöcker, Spherity’s CEO, commented on cheqd’s payment rails and identity functionality:
“As decentralised identity and data sovereignty become more prominent, our clients are asking how the underlying ledgers and payments for transactions can work. Joining cheqd as a node operator allows us to explore the current and emerging ways that decentralised identity and authentic data are changing how information moves and where new commercial opportunities lie.”
DIDx: https://www.didx.co.za/
DIDx is a leading self-sovereign identity and verifiable credentials exchange based in South Africa. Lohan Spies, DIDx CEO, and early partner of cheqd explains why DIDx joined the cheqd network early:
“DIDx is delighted to be part of the mainnet launch of the cheqd network as a founding validator. The cheqd network unlocks the business models of SSI with integrated payments and is a crucial step towards decentralisation and providing new capabilities.”
Northern Block: https://northernblock.io/
Northern Block is a technology provider enabling global organisations to build digital trust. CEO, Mathieu Glaude, on partnering with cheqd:
“Northern Block is a digital trust ecosystem enabler, working with governments, enterprises and small businesses. We’re excited to see the momentum in the self-sovereign identity space, with both top-down and bottom-up use-cases being commercialised. We’re happy to be partnered with cheqd to support the growing community that’s working on innovative Web 3 solutions for identity.”
Finema: https://finema.co/
Finema empowers users and enterprises to control their own identities and data, where identities will become enablers for future data exchange. Pakorn Leesakul, Finema’s CEO, will stand up a cheqd node in Thailand:
“Together with cheqd, we are looking forward to building a trust fabric that serves as a feasible and solid foundation for as many use cases of verifiable credentials as possible. The future of SSI hinges upon convincing the public of its market viability. The partnership is part of that effort.”
TruuID: https://www.truu.id/
TruuID creates trusted digital passports for healthcare professionals, for smarter identities, simpler relationships, and better care. Manreet Nijjar, TruuID’s CEO, on the flexibility cheqd’s tokenised solutions offer:
“We believe to achieve digital trust we need work in an open and collaborative manner. We are therefore very excited to join the cheqd network. Fraser and the team’s work will allows us to build for the future, giving us the flexibility to create token and non-tokenised solutions while sticking to our core principles around data ownership, privacy and consent.”
Tykn: https://tykn.tech/
Tykn envision a world where identities are portable, private and secure, so that no one has to lose access to their identity ever again. Khalid Maliki, Tykn’s COO, believes a partnership with cheqd will support Tykn’s goals:
“We’re happy to support cheqd as we’re aligned in the vision that identity data must be private and secure. Tykn has spent the past 5 years helping people access services faster while being in control of how their data is used. We believe that cheqd’s network infrastructure can help Tykn’s SSI dev tools pave the way for global self-sovereign identity adoption.”
Anonyome Labs: https://anonyome.com/
Anonyome, a well known creator of the Sudo platform, provides enterprise software developers with capabilities to add identity, privacy and cyber safety features to their applications. Paul Ashley, Anonyome’s Co-CEO, sees cheqd’s strategic value for both payment rails and DI use-cases:
“Decentralised identity is a core foundational technology of the Sudo Platform allowing transition from current privacy invasive to new privacy preserving models. To support enterprise DI use cases a scalable distributed ledger with a strong token based financial model is a necessity – and cheqd is the first ledger to provide both of these capabilities.”
RANDA Solutions: https://randasolutions.com/
RANDA’s tools acquire, manage, and utilise many types of education intelligence and is a pioneer in education technology. Marty Reed, CEO, sees partnering with cheqd as joining the next generation of credential networks:
“RANDA is excited to participate in this next generation credential network with true considerations for interoperability. We see the cheqd network as a great addition to the overall credential ecosystem and look forward to its future on a solid foundation of partners and technologies.”
Domi Labs: https://domilabs.io/
Domi’s technology is built using self-sovereign identity technology to protect the holder’s data and streamline the rental process, Domi Labs is based out of Berlin. Katrie Lowe, Domi Lab’s CEO, on joining cheqd’s network:
“Domi Labs is a digital identity startup leading implementation of sSelf-sovereign identity within the real estate sector. Verifiable credentials present an enormous opportunity to reshape the way business and customers establish trust. Domi Labs is excited to be an early partner of cheqd as innovative financial pathways will be key to ensuring the development of a robust verifiable credential ecosystem.”
esatus: https://esatus.com/
esatus, the creator of the SOWL platform, uses self-sovereign identity for login and access rights. André Kudra, CIO of esatus, comments on the cheqd partnership:
“esatus is interested in gaining first hand experience with cheqd’s payment rails. esatus built its SSI experience since 2015 and now has a huge technology base at hand. esatus’ SOWL suite enables enterprise SSI and can be made workable on cheqd’s network and stack quickly. This presents exciting future opportunities in our partnership.”
Serto: https://www.serto.id/
Serto provides easy-to-use decentralised identity and connected data solutions for enterprises. Serto and cheqd are entering a partnership where cheqd will integrate into Serto Search and Serto Schemas, and Serto will validate the cheqd network to expand web3’s trustless data ecosystems. Evin McMullen, Serto’s co-founder, remarks:
“Serto is excited to partner with cheqd to expand Web 3’s trustless data ecosystem. Broader adoption of decentralised identifiers and verifiable credentials is the key to unlocking the future metaverse, and together we are leveraging these actions to scale crosschain interoperability.”
Evernym: https://www.evernym.com/
Evernym, cheqd’s lead investor and go-to-market partner, is the world’s leading platform for verifiable credentials. Drummond Reed, Chief Trust Officer of Evernym; co-Chair, ToIP Governance Stack Working Group; co-author, “Self-Sovereign Identity” believes cheqd’s governance framework and focus on interoperability as central to the networks success:
“As SSI matures we’re seeing innovation at every layer of the Trust Over IP stack. cheqd is the only ToIP Layer 1 public utility I’ve seen with a governance framework designed explicitly to evolve from permissioned to permissionless. Add to that cheqd’s commitment to interoperability across all SSI ecosystems and its unique focus on SSI-based value exchange and you have one of the most exciting projects in SSI today.”
cheqd’s will also be launching it’s mainnet with key SSI start-ups Doshy, KnownPrivacy, AML First, Crucible, WOPLLI who will be announced in the second SSI cohort announcement along with other key SSI vendors in the forthcoming weeks.
Tobias Halloran, cheqd’s Head of of Partnerships, adds:
“It is our collective ambition to create a network that accelerates SSI’s future, therefore it is a key priority for cheqd to fulfil our commitment to our SSI partners and work from them backwards. With our focus on payment rails, commercial models, decentralised governance, interoperability and open standards we can provide our partners with the tools and network to accelerate SSI adoption globally.”
Blockchain
FBI warning against crypto money transmitters ‘appears’ to be aimed at mixers
A recent warning from the FBI regarding a crypto money transmitter seems to be aimed at the Samourai Wallet. This development highlights the increasing scrutiny and regulatory challenges faced by privacy-focused cryptocurrency wallets and services.
The FBI warning raises concerns about the use of certain cryptocurrency wallets that prioritize user privacy and anonymity, potentially enabling illicit activities such as money laundering and terrorist financing. While the warning does not explicitly name any specific wallet or service, the language used suggests that the Samourai Wallet may be the target of the advisory.
Samourai Wallet is known for its focus on privacy and security features, including coin mixing and stealth addresses, which aim to enhance user privacy and protect against surveillance and tracking. However, these features have drawn the attention of law enforcement agencies and regulators, who are increasingly concerned about their potential misuse by criminals.
The FBI warning underscores the challenges faced by privacy-focused cryptocurrency wallets in navigating regulatory compliance and law enforcement scrutiny. While these wallets aim to empower users with greater control over their financial privacy, they must also address regulatory requirements and law enforcement concerns to avoid legal and reputational risks.
As the cryptocurrency industry continues to evolve, privacy-focused wallets like Samourai Wallet will need to strike a balance between privacy and compliance, ensuring that they can provide robust privacy features while also addressing regulatory concerns and maintaining transparency with authorities. This delicate balance is essential to foster trust and confidence among users and regulators alike, ultimately enabling the continued growth and adoption of privacy-enhancing technologies in the cryptocurrency space.
Source: cointelegraph.com
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Blockchain
Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets
Pantera Capital is reportedly planning to raise $1 billion for a new fund that offers exposure to various crypto assets, as reported by Blockchain.News. This ambitious fundraising initiative underscores Pantera’s continued confidence in the potential of the cryptocurrency market and its commitment to providing investors with diversified investment opportunities in the digital asset space.
The new fund from Pantera Capital aims to capitalize on the growing demand for exposure to cryptocurrencies and blockchain-based assets among institutional and retail investors. By offering a comprehensive portfolio of crypto assets, the fund seeks to provide investors with access to a wide range of investment opportunities, spanning cryptocurrencies, tokens, and other digital assets.
Pantera’s decision to raise $1 billion for the new fund reflects its optimistic outlook on the long-term growth prospects of the cryptocurrency market. With increasing mainstream adoption and institutional interest in cryptocurrencies, Pantera sees significant potential for value creation and capital appreciation in the digital asset space.
As one of the leading blockchain-focused investment firms, Pantera Capital is well-positioned to attract capital from investors seeking exposure to the cryptocurrency market. The firm’s track record of successful investments and its experienced team of investment professionals are likely to bolster investor confidence and support for the new fund.
Pantera Capital’s plans to raise $1 billion for its new fund underscore its commitment to driving innovation and growth in the cryptocurrency market. As the fund attracts capital and deploys it into promising investment opportunities, it is poised to play a key role in shaping the future of the digital asset ecosystem.
Source: blockchain.news
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Blockchain
Existing Blockchains Can’t Adopt Post-Quantum Cryptography Without Significant User Impact, Says Johann Polecsak
Johann Polecsak argues that existing blockchains face significant challenges in adopting post-quantum cryptography without causing substantial disruption to users. This assessment highlights the complex and multifaceted nature of transitioning to new cryptographic standards in blockchain networks.
Post-quantum cryptography refers to cryptographic algorithms that are resistant to attacks from quantum computers, which have the potential to break traditional cryptographic schemes. While post-quantum cryptography offers enhanced security, implementing it in existing blockchain networks poses technical, operational, and usability challenges.
Polecsak suggests that transitioning to post-quantum cryptography could require significant changes to blockchain protocols, consensus mechanisms, and user interfaces. These changes may disrupt existing workflows, require modifications to software and hardware infrastructure, and necessitate coordination among network participants.
Furthermore, Polecsak emphasizes the importance of ensuring backward compatibility and interoperability during the transition to post-quantum cryptography. This is crucial to prevent fragmentation of the blockchain ecosystem and maintain continuity for users and applications.
Polecsak’s assessment underscores the complexities and trade-offs involved in adopting post-quantum cryptography in existing blockchain networks. While the transition promises improved security against quantum threats, it requires careful planning, coordination, and investment to minimize disruption and ensure a smooth transition for users and stakeholders. As the field of post-quantum cryptography continues to evolve, blockchain projects will need to carefully evaluate their options and strategies for implementing these new cryptographic standards.
Source: news.bitcoin.com
The post Existing Blockchains Can’t Adopt Post-Quantum Cryptography Without Significant User Impact, Says Johann Polecsak appeared first on HIPTHER Alerts.
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