How VERA and cheqd are Making Business Safer, Smarter, and Slightly Less Terrifying 🤖🔒

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How VERA and cheqd are Making Business Safer, Smarter, and Slightly Less Terrifying 🤖🔒

Picture this: a world where companies can chat securely without fearing that their friendly competitor is secretly a fraudster cloaked in a cheap disguise. Enter VERA, the superhero of secure B2B messaging, who’s teamed up with cheqd, the wizard behind decentralized identity infrastructure. No capes, just clever tech.

In a moment of brilliance (or perhaps boredom), VERA announced they’ve integrated cheqd’s fancy new identity tools—Verifiable Credentials, AnonCreds, and DID-linked resources. Think of it as giving your business contacts a digital badge of honor, so you can authenticate their identities faster than you can say “fake invoice,” which, by the way, is a big problem. This means fewer scammers, less fiddling with paper, and more time for coffee, all while keeping everyone’s secrets safe and sound. Perfect for industries like construction (where building things is tricky enough), procurement, and finance—because who needs fraud when you’ve got technology?

“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,” said Max Coleman, co-founder of VERA, casually sounding like he’s about to revolutionize the digital world or at least make it a tad less chaotic.

“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,” added Fraser Edwards, CEO of cheqd, probably while sipping tea and shaking his head at the endless parade of scam emails.

VERA kicked off its beta adventure on June 1 in South Africa (because why not start small), with plans to unleash a full-blown MVP by August. Their grand vision? Dominate the US, UK, and EU markets—places where trust is more than just a word, it’s a way of life (or at least a compliance requirement).

Founded in 2021 and built on blockchain tech (which sounds fancy and complex), cheqd creates the digital equivalent of a secure passport for your online credentials. They also have a trick up their sleeve called Trust Registries, which help organizations decide who can peek at their trusted data. Think of it as an exclusive club where only the vetted are allowed in—no imposters or deepfake doppelgängers welcome.

Speaking of deepfakes, cheqd’s technology is also fighting the techy bad guys—AI-generated fakes used for scams and impersonations. Because in the world of business, authenticity isn’t just a buzzword; it’s survival.

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2025-06-05 14:04