VERA integrates cheqd’s decentralized id stack to allow safe B2B communication

VERA, a safe B2B messaging platform, has partnered with decentralized id infrastructure supplier cheqd to convey verified digital id into enterprise communications.

In a press launch shared with crypto.information, VERA introduced that it has built-in cheqd’s decentralized id stack, together with Verifiable Credentials, AnonCreds, and DID-linked assets. This lets VERA customers authenticate counterparties in actual time, serving to cut back dangers in industries like development, procurement, and finance the place fraud and timing are critical considerations. It additionally permits for quick onboarding of latest suppliers, safe sharing of paperwork, and fraud-resistant invoicing, all by way of a single, encrypted platform.

“cheqd’s infrastructure permits us to not solely defend conversations, however to show the id of individuals in a manner that’s scalable, privacy-respecting, and future-ready,” stated Max Coleman, co-founder of VERA.

Fraser Edwards, CEO of cheqd, added that the issue VERA tackles is actual and quick, stating:

“Each week we obtain pretend invoices by e mail. VERA’s answer ensures that each firm and particular person on the platform are verified. That’s an enormous leap ahead for international enterprise communications.”

VERA started a beta launch on June 1, targeted on the South African market, with plans to roll out a full MVP by the tip of August this 12 months. The corporate is aiming to increase past South Africa into the US, UK, and EU markets, the place trust-based digital interplay is changing into a baseline requirement for compliance and operational effectivity.

Based in 2021 and constructed on blockchain expertise, cheqd builds the expertise that lets corporations and people create, share, and confirm digital identities and credentials securely. It additionally supplies a method to make privacy-protected funds for information. Their system helps numerous digital ID requirements, like Europe’s eIDAS 2.0, and contains instruments referred to as Belief Registries that assist organizations management who can entry and use trusted information.

Moreover, cheqd’s decentralized identifiers and verifiable credentials play a key function in combating the rising menace of AI-generated deepfakes, that are more and more utilized in scams and impersonations on-line.