Ant Group unveils ZAN, a dedicated blockchain services brand catering to Web3 developers - The EE

Ant Group unveils ZAN, a dedicated blockchain services brand catering to Web3 developers

Ant Group Digital Technologies launches a new brand called ZAN which comprises of a full suite of blockchain application development products and services for both institutional and individual Web3 developers. For institutional customers, ZAN provides a solution to help them issue and manage real world assets (RWAs) in compliance with local regulatory requirements.

ZAN RWA solution can bring new assets to Web3 world with help of Ant Group Digital Technologies’ software and hardware co-design technologies, as well as its experience over past several years in bringing tens of millions of RWAs. This will enable more Web3 applications and use cases, and enhance synergy between real world and Web3 powered digital world.

Recognising importance of security and compliance in Web3 industry, ZAN also provides a series of technical products, including electronic know-your-customer (eKYC), anti-money laundering (AML) and know-your-transactions (KYT), to help Web3 businesses build up their capabilities in customer identity authentication, security protection and risk management.

Moreover, ZAN provides developers smart contract review (SCR) services to handle Web3 app development issues relating to security, performance, cost and user experience and Node Service. Which includes high-performance, high-availability, low-latency and secure remote procedure call (RPC) for building dApps, as well as enhanced APIs (application programming interface) and other tools to improve development efficiency and keep track of dApps’ activities in real time.

“Web3 is a technology sector bringing new opportunities as it cultivates more and more innovations. At Ant Group Digital Technologies, we have seen the trend and also efficiency and security related bottlenecks during the application development process,” says Zhang Hui, chief executive officer of ZAN. “To resolve these pain points, ZAN is dedicated to investing in research and development of Web3 technologies and products, providing more extensive and reliable technical services to support the community, and working with our partners to accelerate Web3 developments and innovations.”

ZAN began piloting its technical services early this year. In April 2023, during Hong Kong Web3 Festival, HashKey DID, a Web3 decentralised identity data aggregator, announced its adoption of ZAN eKYC, to provide users with access to its compliant Web3 service platform.

“ZAN eKYC product has received good feedback from us and our customers after being deployed. It is convenient and safe to complete the process of user login, authentication, and management. We expect ZAN to make great contributions to the mass adoption of Web3,” says Chao Deng, chief executive officer of HashKey Group Singapore.

HashKey Group, as well as Morpheus Labs and Everest Ventures Group, participated in ZAN’s brand launch ceremony as ZAN’s first batch of partners.

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