Ant Group Launches Zan For Web3

By Author: Arina Smith
Total Articles: 185
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At the INCLUSION · Conference on the Bund, Ant Group Digital Technologies unveiled a new brand named ZAN, which offers a comprehensive suite of blockchain application development products and services for both institutional and individual Web3 developers.

For institutional clients, ZAN delivers a solution to facilitate the issuance and management of real-world assets (RWAs) while adhering to local regulatory requirements. Leveraging Ant Group Digital Technologies' software and hardware co-design capabilities, along with their extensive experience in bringing tens of millions of RWAs onto blockchains reliably, ZAN's RWA solution aims to efficiently introduce new assets to the Web3 realm. This initiative is expected to enhance the synergy between the real world and the Web3-powered digital world, opening doors to new Web3 applications and use cases.

Recognizing the paramount importance of security and compliance within the Web3 industry, ZAN offers a range of technical products. These include electronic Know-Your-Customer (eKYC), Anti-Money Laundering (AML), and Know-Your-Transactions (KYT) solutions to empower ...
... Web3 businesses in customer identity authentication, security protection, and risk management.

Furthermore, ZAN extends support to developers through Smart Contract Review (SCR) services. These services aim to efficiently address issues related to security, performance, cost, and user experience in Web3 app development. ZAN also offers Node Service, providing high-performance, high-availability, low-latency, and secure Remote Procedure Call (RPC) for building decentralized applications (dApps). Additionally, enhanced APIs and other tools are available to improve development efficiency and monitor dApps' activities in real time.

Zhang Hui, Chief Executive Officer of ZAN, emphasized the potential of Web3 as a sector that fosters innovation. However, he acknowledged the challenges related to efficiency and security in the application development process. ZAN is committed to investing in research and development of Web3 technologies and products, offering extensive and reliable technical services to support the community, and collaborating with partners to accelerate Web3 developments and innovations.

ZAN initiated the rollout of its technical services earlier in the year, with HashKey DID, a Web3 decentralized identity data aggregator, adopting ZAN eKYC during the Hong Kong Web3 Festival in April 2023. This adoption allowed users access to a compliant Web3 service platform, earning positive feedback for its convenience and safety in user login, authentication, and management processes.

Several prominent partners, including HashKey Group, Morpheus Labs, and Everest Ventures Group, participated in ZAN's brand launch ceremony as its initial batch of partners.

ZAN, as a new brand under Ant Group Digital Technologies, benefits from technical innovations originating from AntChain Open Labs. During the 2023 INCLUSION · Conference, AntChain Open Labs introduced TrustBase, an open-source initiative within its technology stacks, highlighting advancements in cryptography technologies such as multi-party computing (MPC), zero knowledge proof (ZKP), and full homomorphic encryption (FHE).

In summary, ZAN represents Ant Group Digital Technologies' commitment to supporting the Web3 community with a robust range of blockchain application development products and services. Its launch is set to catalyze further innovation and development within the Web3 space, addressing key challenges such as security, compliance, and efficient application development.