Ant Group Unveils ZAN, a Blockchain Development Brand
Affiliate company Ant Group Digital Technologies, connected to Chinaโs 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 Webย 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. Inย addition, ZAN addresses security and compliance concerns byย supplying electronic know-your-customer (eKYC), anti-money laundering, and know-your-transactions features. For Webย 3.0 developers, ZAN offers Smart Contract Review services and intendsย to provide high-performance, secure Remote Procedure Call node services. ZANโs technologies are derived from AntChain Open Labsโ innovations, including TrustBase, an open-source initiative covering advanced cryptography technologies.
Hot Take
With the launch of ZAN, Ant Group intendsย to meet the demands of both institutional and individual Webย 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 theย capacity toย support the integration of real-world assets into the Webย 3.0 ecologicalย system and streamline the development of decentralized applications. Nonetheless, the effectiveness and impact of ZANโs offerings are yet to be comprehensively evaluated. Still, as a brand backed by Ant Groupโs 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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