VERA, a safe B2B messaging platform, has partnered with decentralized identification infrastructure supplier cheqd to convey verified digital identification into enterprise communications.
In a press launch shared with crypto.information, VERA introduced that it has built-in cheqd’s decentralized identification 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 issues. It additionally permits for quick onboarding of latest suppliers, safe sharing of paperwork, and fraud-resistant invoicing, all via a single, encrypted platform.
“cheqd’s infrastructure allows us to not only protect conversations, but to prove the identity of participants in a way that’s scalable, privacy-respecting, and future-ready,” mentioned Max Coleman, co-founder of VERA.
Fraser Edwards, CEO of cheqd, added that the issue VERA tackles is actual and quick, stating:
“Every week we receive fake invoices by email. VERA’s solution ensures that every company and individual on the platform are verified. That’s a huge leap forward for global business 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 develop past South Africa into the US, UK, and EU markets, the place trust-based digital interplay is turning into a baseline requirement for compliance and operational effectivity.
Based in 2021 and constructed on blockchain know-how, cheqd builds the know-how that lets firms and people create, share, and confirm digital identities and credentials securely. It additionally gives a solution to make privacy-protected funds for information. Their system helps numerous digital ID requirements, like Europe’s eIDAS 2.0, and consists of 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 position in combating the rising risk of AI-generated deepfakes, that are more and more utilized in scams and impersonations on-line.
