cheqd and Hovi are excited to announce a partnership to accelerate the adoption of verifiable credentials and decentralised identity worldwide, leveraging cheqd’s trust and payment infrastructure coupled with Hovi’s APIs, a wallet, and a no-code platform.
The Partnership
SSI or decentralised identity is an emerging disruptive technology for exchanging trusted (also referred to as authentic) data, between people and companies in a more secure manner, giving entities ownership and control over their own data. According to a meta-analysis by cheqd published on Bloomberg, the SSI market is projected to be worth over US$550 billion, which demonstrates the significant opportunity the technology poses.
Hovi’s platform integrates SSI functionalities with ease, allowing businesses to issue, verify, and manage verifiable credentials across multiple identity ecosystems. By joining forces, cheqd and Hovi are working together to simplify and accelerate SSI adoption, offering organisations a comprehensive toolkit to unlock a range of use cases. With Hovi’s no-code platform and developer friendly APIs, businesses can deploy verifiable credentials tailored to their specific needs with minimal technical investment without the risk of vendor lock-in.
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cheqd's Infrastructure and Commercial Models
cheqd’s decentralised data network forms the backbone of this collaboration, offering a range of utilities that enable secure, privacy preserving, and interoperable digital identity solutions. At its core, cheqd facilitates the decentralised verification of trusted data, eliminating reliance on centralised entities and ensuring privacy respecting interactions. The network also incorporates flexible payment rails, allowing businesses to monetise data sharing through payment-gated models powered by $CHEQ tokens. This approach gives organisations control over the financial aspects of their data exchanges.
The platform is designed for scalability, supporting high transaction volumes across a variety of use cases without compromising on performance. This makes it ideal for businesses aiming to deploy trusted data solutions at scale. Additionally, cheqd’s commitment to interoperability ensures seamless integration across multiple ecosystems, offering organisations the freedom to operate without vendor lock-in. By providing these capabilities, cheqd delivers a future-proof infrastructure that empowers businesses to build reusable data models aligned with global regulatory standards such as eIDAS 2.0 and GDPR.
“This partnership with Hovi represents a significant step forward in simplifying access to decentralised identity solutions. By combining cheqd’s robust infrastructure with Hovi’s comprehensive APIs, and wallet platform, we’re making it easier than ever for organisations to adopt and scale trusted data exchanges. We’re shaping the foundation for a more secure and user centric digital economy.” said Fraser Edwards, Co-founder and CEO of cheqd.
Simplifying Verifiable Credentials Building for a Trusted Internet
Positioned as a catalyst for innovation in the Self-Sovereign Identity space, Hovi provides tools that make adopting verifiable credentials not just feasible but seamless, redefining how businesses approach identity and trust. Through its platform Studio and APIs, Hovi empowers businesses to focus on what matters most, building trusted, privacy-first relationships with their users.
As the SSI market matures, businesses are looking for solutions that combine usability, scalability, and compliance. Hovi meets this need with a future-proof platform that adapts to global regulatory shifts while maintaining a strong focus on interoperability.
“Our platform is built with a clear goal, eliminating the friction businesses face when adopting decentralised identity solutions. We’ve worked hard to ensure our tools are robust, adaptable, and designed to integrate into any environment and meet the unique needs of each organisation. This isn’t about replacing existing systems; it’s about enhancing them with trust and reusability at their core.” said Omer Shafiq, Founder and CEO of Hovi.
Future Focus: Accelerating SSI Adoption Together
Our collaboration with Hovi is centered on accelerating trusted data adoption by helping organisations deploy SSI in a flexible, scalable manner. Together, we’ll focus on:
- Expanding Ecosystem Interoperability: By continuing to expand compatibility with multiple identity ecosystems, we’re ensuring that businesses can build scalable, flexible solutions without vendor lock-in.
- Supporting Diverse Use Cases: We’re committed to providing solutions for a variety of sectors, from AI, finance to healthcare and retail. Hovi’s wide credential and wallet support allows companies to innovate and create new use cases with ease.
- Enabling Privacy Preserving, Compliant Solutions: Privacy and compliance remain top priorities. Our solutions will help businesses manage verifiable credentials securely and efficiently in line with global standards like eIDAS 2.0 and GDPR.
Together, these initiatives will drive the adoption of self sovereign identity and reusable data solutions, empowering organisations to innovate while ensuring trust and compliance.
Looking Forward
By combining cheqd’s trust and payment infrastructure with Hovi’s comprehensive SaaS platform, this partnership offers an interoperable, scalable APIs and no-code solution that can be adopted across various industries including AI, Finance, Education, and Health. This collaboration simplifies the issuance, verification, and management of digital identities, making it easier for organisations and governments worldwide to implement secure, privacy-preserving digital identity solutions.
