26 September 2023

Digital Technology Guru

Digital Technology Guru Reviews

ZAN: Ant Group’s Brand for Web3 Developers

2 min read
ZAN: Ant Group’s Brand for Web3 Developers

Ant Group Digital Technologies has introduced ZAN, a brand that offers a comprehensive suite of blockchain application development products and services for both institutional and individual Web3 developers. ZAN aims to address the challenges of bringing real-world assets (RWAs) onto blockchains in a trustworthy and compliant manner.

The institutional-focused solution provided ZAN helps customers in issuing and managing RWAs while complying with local regulatory requirements. Leveraging Ant Group’s software and hardware co-design technologies and their experience in integrating millions of RWAs onto blockchains, ZAN’s RWA solution enables the efficient integration of new assets into the Web3 world. This encourages the development of more Web3 applications and use cases while enhancing the synergy between the real world and the Web3-powered digital world.

Security and compliance are crucial in the Web3 industry, and ZAN acknowledges this offering a range of technical products. These include electronic Know-Your-Customer (eKYC), Anti-Money Laundering (AML), and Know-Your-Transactions (KYT) tools, which assist Web3 businesses in customer identity authentication, security protection, and risk management.

In addition, ZAN provides Smart Contract Review (SCR) services to address security, performance, cost, and user experience issues related to Web3 app development. It also offers Node Service, which includes high-performance, high-availability, low-latency, and secure Remote Procedure Call (RPC) for building decentralized applications (dApps).

ZAN has been piloting its technical services since early 2023. During the Hong Kong Web3 Festival in April 2023, HashKey DID, a Web3 decentralized identity data aggregator, announced its adoption of ZAN eKYC as part of its compliant Web3 service platform. ZAN’s technical services have also received praise from partners like HashKey Group, Morpheus Labs, and Everest Ventures Group.

As a brand of Ant Group Digital Technologies, ZAN’s technical innovations are powered AntChain Open Labs. During the 2023 INCLUSION ยท Conference, AntChain Open Labs unveiled TrustBase, an open-source initiative that incorporates advancements in cryptography technologies such as multi-party computing (MPC), zero knowledge proof (ZKP), and full homomorphic encryption (FHE).

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