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Nexera ID and cheqd partner to establish the next evolution of digital identity

Nexera ID and cheqd are pioneering a new standard for customer acquisition and digital onboarding, with reusable KYC credentials.

The next evolution of digital identity

Nexera ID and cheqd have partnered to create a new standard for data exchange and for customer acquisition. Through this partnership, the objective is to streamline and expedite the way your customers interact with your platform, establishing seamless, secure and lower cost onboarding and a far more personalised customer experience, using digital credentials.

Using “customer-controlled” credentials, combining the technical infrastructure of cheqd and the customer management system of Nexera ID, this partnership is future proofing platforms for the next stage of digital identity and data exchange. This type of “user-centric” customer relationship will take centre stage in a new era of digital identity, across Web 2.0 and Web 3.0 applications.

Infrastructure from cheqd. Customer Management System from Nexera.

Nexera ID and cheqd complement each other technically to provide a complete identity issuance and verification stack for your business. While cheqd is dedicated to network infrastructure and credential issuance and monetisation tooling, Nexera ID stands at the forefront of innovation with its dual-capability customer management system, seamlessly integrating both off-chain and on-chain credential verification. This unique approach, particularly our on-chain verification process, represents a significant USP, as it is an industry-first in providing a smooth and seamless user experience. By bridging the gap between traditional and blockchain-based systems, Nexera ID not only enhances security and efficiency but also pioneers a new standard in customer management and credential verification, unmatched by any other in the market.. The distinct expertise of each company comes together to create a full end-to-end flow for enterprises.

Using cheqd’s tooling, you can issue, revoke and monetise any type of credential with a simple integration into your existing application. This will improve your users’ experience as they will have a reusable copy of their data. It will also provide issuers of credentials with a way to monetise this data, incentivising more credentials to be issued into circulation. Nexera ID’s advanced customer management system, equipped with a powerful and flexible rules engine, revolutionizes the way institutions interact with decentralized finance (DeFi) and Central Bank Digital Currencies (CBDCs). This system not only allows for the verification of credentials issued by cheqd, but also enables the addition of custom properties, restrictions, and triggers to enhance security and monitoring both on-chain and off-chain. By enforcing on-chain rules, Nexera ID ensures heightened security and real-time oversight, laying the groundwork for a compliant DeFi ecosystem that appeals to institutional investors. Furthermore, its innovative approach is the foundation for an automated, embedded on-chain monitoring system, which operates within the boundaries of user privacy, making it an ideal foundation for CBDC implementations. This combination of features makes Nexera ID an indispensable tool for institutions seeking to leverage DeFi and CBDCs while adhering to regulatory compliance and maintaining user privacy.

Addressing multiple market challenges

This partnership will establish an end-to-end solution for enterprises to issue and monetise KYC credentials, and utilise them for onboarding to third party services.