VERA integrates cheqds decentralized identity stack to enable secure B2B communication

VERA, a secure B2B messaging platform, has partnered with decentralized identity infrastructure provider cheqd to bring verified digital identity into business communications.

In a press release shared with crypto.news, VERA announced that it has integrated cheqds decentralized identity stack, including Verifiable Credentials, AnonCreds, and DID-linked resources. This lets VERA users authenticate counterparties in real time, helping reduce risks in industries like construction, procurement, and finance where fraud and timing are serious concerns. It also allows for fast onboarding of new suppliers, secure sharing of documents, and fraud-resistant invoicing, all through a single, encrypted platform.

“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.

Fraser Edwards, CEO of cheqd, added that the problem VERA tackles is real and immediate, stating:

“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.”

VERA began a beta launch on June 1, focused on the South African market, with plans to roll out a full MVP by the end of August this year. The company is aiming to expand beyond South Africa into the US, UK, and EU markets, where trust-based digital interaction is becoming a baseline requirement for compliance and operational efficiency.

Founded in 2021 and built on blockchain technology, cheqd builds the technology that lets companies and individuals create, share, and verify digital identities and credentials securely. It also provides a way to make privacy-protected payments for data. Their system supports various digital ID standards, like Europes eIDAS 2.0, and includes tools called Trust Registries that help organizations control who can access and use trusted data.

Additionally, cheqds decentralized identifiers and verifiable credentials play a key role in combating the growing threat of AI-generated deepfakes, which are increasingly used in scams and impersonations online.