By
Mayowa Adebajo
April 29th, 2024
Andromeda, which acts as an application’s platform layer, will help build cheqd’s Web3 developer community by providing access to secure, user-controlled data solutions.
cheqd, a privacy-preserving payment and credential network, announced a strategic partnership with Andromeda Protocol and Devolved AI to increase the growth of Trusted Data Markets.
cheqd Building a Foundation for Trusted Data Economies
With the partnership, cheqd is creating the groundwork for a Trusted Data ecosystem that will enable users to manage their data while protecting their privacy in Web3. In Trusted Data Markets, organizations issue verifiable data to holders, who actively exchange it with interested parties known as “Verifiers” who desire to validate the data.
The cheqd platform through its public permissionless network is developing the first payment rails, Decentralized Identities (DIDs), governance frameworks to support Trusted Data, and flexible commercial models. At the heart of the cheqd platform is Self-Sovereign Identity (SSI) and Blockchain technology, expected to offer the framework and trust layer required to support Trusted Data marketplaces.
According to the details of the partnership, Andromeda, which acts as an application’s platform layer, will help build cheqd’s Web3 developer community by providing access to secure, user-controlled data solutions.
Notably, Andromeda will help provide the tools aOS developers require to create high-level Decentralized Applications (dApps) with improved data management and trust, resulting in more satisfying, user-centric experiences. The partnership will also be beneficial to Andromeda as it is expected to spur growth and innovation in the ecosystem, allowing for the rapid proliferation of decentralized networks.
cheqd to Enhance AI Trust
cheqd will be equally crucial in driving Devolved AI’s objective to democratize the Artificial Intelligence ecosystem. Devolved AI is a Layer-1 blockchain committed to encouraging global participation in the creation of Athena LLM, an advanced Large Language Model.
The platform has a central goal of redefining the relationship between AI and humanity, thus equipping individuals with the ability to vote, earn rewards and play a role in the future of AI technology.
Through the partnership with cheqd, Devolved AI will leverage cheqd’s innovations in DIDs and Trusted Data Markets to develop a unique decentralized reputation system that rewards contributors. Accordingly, Devolved AI can ensure that its users have complete control over their digital personalities, allowing them to engage in a trusted manner without disclosing their identities.
It is important to note that cheqd’s Trusted Data Markets will be critical in ensuring the quality and reliability of the data used to train its AI. This will make certain it meets the demand for intelligent models that are completely ethical and transparent. Last year, cheqd unveiled an unique innovation called Creds, which serves as a private and secure platform that transforms how trust is built and maintained in the realm of AI.
Crucially, Devolved AI’s decentralized reputation system will be developed on top of cheqd’s architecture to review how credibility in Web3 is established and maintained. Overall, Devolved AI is establishing an ecosystem for artificial intelligence development in which trust will be one of the most valuable credentials in a community that values honesty.