Meeting Schedule
- Bi-Weekly at 8:00-9:00 am PST / 11:00-12:00 am EDT / 15:00 – 16:00 UTC / 17:00 - 18:00 CET
- https://zoom.us/j/95389236256?pwd=RFErMm9SS0tBenA1Q0dSYlpXK3Bqdz09
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- How cheqd's partnership network supports application developers - Tobias Halloran
- This presentation is not about a technical focus on standards and interoperability. It is about cheqd partnership ecosystem to build out trust ecosystems
- There are no current live use cases on cheqd
- Cheqd - a tokenized network for SSI
- leverage partnerships to help with the cold start problem (nobody goes to a party when the room is empty)
- SSI is being adopted globally - but the cold start problem - how do you scale a the fit after you've got a product
- This is a general problem of startups
- Having a great technological solution typically isn't enough - it isn't enough for customers to move away from POC to move into live production and scaling properly
- Lack of commercial models are constraining SSI group
- Observed recurring problems - clients are asking what the commercial model is, firms building dedicatedprivate networks, projects stuck in pilot mode
- cold start problem - lack of network effects - which is why most new networks and start-ups fail
- web2 solution - participants co-create value for the platform (like Airbnb) - governance and intrinsic value of the company is centralized (in Airbnb in this example)
- This is a feature of some of the most valuable companies
- web2 network effects - they took a sparse network and put themselves as the enabler of the entire network
- cheqd - incentivize participants to co-create value as part of network infrastructure and governance
- Do this through a variety of mechanisms
- Members are invited to participate in governance
- Business on this model of network will be shared (unlike the Airbnb model where the network value accrues just in Airbnb)
- Core value utility of cheqd - a payment rail for SSI
- Incentivizing organizations with data silos to release that data to individuals and join SSI. This benefits everyone in the SSI ecosystem
- Goal is not to be a payment siloed network
- Cheqd is a tokenized network that means they can offer incentives to encourage other infrastructure members to invite other external members to join and contribute
- Multiple ways members in the network can be incentivized including as consultants, system integrator, node operators etc.
- This is a work in progress, in development
Q&A
- Can the network survive without cheqd? - can't make that promise but the governance documentation describes how in the future the governance would become decentralized and cheqd would become just another node on the network, but some entity would need to maintain the governance.
- How do you avoid free rider problems or other gaming incentives - tricky in a decentralized ecosystem so they don't want to be specifically choosing who can become a node but they do have tiers of grants and can set requirements such as requiring contributing membership to an external organization such as DIF or ToIP etc.
- how does a specific use case work in the cheqd network? - e.g. metaverse (an uncrowded, currently undeveloped field) - a SSI vendor has been developing SSI avatars that can port reputation. Cheqd understands the use case from an end user. Cheqd can then connect them to other partners that is an SSI vendor that can work with the specific (avatar) use case. They can be matched and use the cheqd network to build the partnership and then they will ultimately have the opportunity to join the network
Q&A
- Notes
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