Internet City, Dubai–(Newsfile Corp. – August 10, 2022) – LBank Exchange, a global digital asset trading platform, will list cheqd (CHEQ) on August 10, 2022. For all users of LBank Exchange, the CHEQ/USDT trading pair will be officially available for trading at 20:00 (UTC+8) on August 10, 2022.
CHEQ Listing Banner
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Self-sovereign identity gives individuals and organisations full control of their data with more security and transparency. However, a commercial incentives layer for the digital identity ecosystem is currently missing. cheqd brings simplicity, ease and fairness by inverting existing models of data ownership. For the first time, individuals and organisations that validate their online identities, such as passport offices, banks and utilities, are in control and can be financially rewarded. cheqd provides a market-leading solution for data ownership and value creation using blockchain technology. Its native token CHEQ will be listed on LBank Exchange at 20:00 (UTC+8) on August 10, 2022, to further expand its global reach and help it achieve its vision.
cheqd is a 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.
It allows SSI companies to build and deliver secure solutions to their users. Through the cheqd network, anyone can verify identities quickly and securely. It enables new business models, where verifiable credentials are exchanged in a trusted, reusable, safer, and cheaper way.
cheqd’s solution consists of three parts: a public permissionless network, where SSI credentials can be issued and read; CHEQ, a token that allows issuers/receivers/holders/node operators to pay each other for digital credentials without compromising the privacy and security of users; and suite of mobile and backend software tools that SSI vendors can embed in their own software.
Through its network, cheqd disrupts established identity paradigms and creates new trusted data marketplaces. The platform provides a common and public infrastructure easily accessible to anyone with payment rails between issuers, holders, and receivers of trusted data. It avoids the risk of creating new silos of data as private data isn’t written to the ledger in any form. The scale of distribution in the SSI space is unmatched – through its strong community of partners, cheqd engages with companies in various industries, which further demonstrates the endless areas of opportunity for the application of SSI technology.
About CHEQ Token
Its native utility token – CHEQ – enables individuals to interact with organisations globally and…