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 Web 3.0 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. In addition, ZAN addresses security and compliance concerns by supplying electronic know-your-customer (eKYC), anti-money laundering, and know-your-transactions features. For Web 3.0 developers, ZAN offers Smart Contract Review services and intends 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.
With the launch of ZAN, Ant Group intends to meet the demands of both institutional and individual Web 3.0 developers by offering a range of blockchain development tools and services. By addressing critical aspects like regulatory compliance, security, and performance, ZAN has the capacity to support the integration of real-world assets into the Web 3.0 ecological system and streamline the development of decentralized applications. Nonetheless, the effectiveness and impact of ZAN’s offerings are yet to be comprehensively evaluated. Still, 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 probable influence in the blockchain industry.
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