1. The Essence of the Partnership
2. Technologies and Achievements of the Companies
3. Future Perspectives and Goals

Cheqd and Dock have announced a partnership aimed at accelerating the adoption of Decentralized Identity (DID) solutions. This partnership includes migrating Dock Certs and its clientbase to the cheqd network, merging $DOCK and $CHEQ tokens while keeping both entities independent.

The Essence of the Partnership

The core of the partnership involves migrating Dock Certs and its client base to the cheqd network. This will create a unified, robust network of over 100,000 community members and hundreds of partners, providing scalable, cutting-edge solutions for both traditional and Web3 industries. As a result of this collaboration, Dock's mainnet and testnet traffic will transition to the cheqd network, and $DOCK tokens will convert to $CHEQ tokens.

Technologies and Achievements of the Companies

Dock specializes in supporting Identity Solutions Providers, including KYC, background check, and biometrics firms. Their Dock Certs platform serves over 600 businesses. Cheqd provides commercial infrastructure and trust, facilitating trusted data markets and credential ecosystems. Over 200 organizations operate on Cheqd's mainnet with over 80,000 addresses generated.

Future Perspectives and Goals

Integrating Dock's and Cheqd's ecosystems will create a robust network catering to the growing decentralized identity market, expected to grow over 90% annually in the next five years. Both companies aim to implement new solutions adhering to regulatory frameworks like eIDAS 2.0 and the EU Digital Identity Framework. Development of new products such as cloud wallets and mobile driver's licenses aligns with these goals, ensuring compliance and technological advancement.

The Cheqd and Dock partnership aims to create a unified ecosystem for decentralized identity solutions, accelerating digital identity processes by integrating both companies' technological capabilities and customer bases.