Ant Group Unveils ZAN, a Blockchain Development Brand
Affiliate company Ant Group Digital Technologies, connected to China’s Alibaba Group, has introduced ZAN, a brand dedicated to providing blockchain development tools and services. The launch of ZAN was announced at the Inclusion Conference on the Bund, with an emphasis on resolving key issues in the web3 sector, such as regulatory compliance and security. For institutions, ZAN offers specialized solutions for issuing and managing real-world assets (RWAs) on the blockchain, ensuring compliance with local regulations. Additionally, ZAN addresses security and compliance concerns by providing electronic know-your-customer (eKYC), anti-money laundering, and know-your-transactions features. For web3 developers, ZAN offers Smart Contract Review services and plans to provide high-performance, secure Remote Procedure Call node services. ZAN’s technologies are derived from AntChain Open Labs’ innovations, including TrustBase, an open-source initiative covering advanced cryptography technologies.
Hot Take
With the launch of ZAN, Ant Group aims to meet the demands of both institutional and individual web3 developers by offering a range of blockchain development tools and services. By addressing crucial aspects like regulatory compliance, security, and performance, ZAN has the potential to facilitate the integration of real-world assets into the web3 ecosystem and streamline the development of decentralized applications. However, the effectiveness and impact of ZAN’s offerings are yet to be comprehensively evaluated. Nonetheless, as a brand backed by Ant Group’s experience and innovations from AntChain Open Labs, ZAN has garnered attention and early positive feedback, setting the stage for its growth and potential influence in the blockchain industry.
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