Decentralized identity startup cheqd has announced the launch of a new platform called Creds for Web3 users to issue, hold and share digital credentials and build portable reputations.
The new tool was announced at the Nebular Summit in Paris, where attendees at the event were issued with the first Creds as part of a technology showcase. Creds give users a secure and private way to prove their identity in Web3 environments. What’s more, they’re fully portable and reusable, allowing users to slowly build up a strong reputation without ever revealing their true identity.
Cheqd explains that there are many challenges around the issue of Web3 security, with crypto scams wiping out millions of dollars in user’s funds, creating massive distrust in online communities.
According to cheqd, the best way to combat Web3 scams is to increase the trust and reputation of users, which is exactly what it’s aiming to do with Creds. It provides a way for individuals to confirm their personhoo
We współpracy z: https://cryptodaily.co.uk/2023/07/creds-by-cheqd-web3-reputation-made-private-and-secure
