Ant Chain releases new Web3 brand ZAN, involving RWA, compliance and other services

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On September 8, at the Bund Conference Insights Forum "From Science Fiction to Technology: Web3, Metaverse, AIGC", Ant Chain, a subsidiary of Ant Group, joined forces with Everest Ventures Group, HASHKEY, and Morpheus labs to launch the new Web3 brand ZAN. Former Ant Chain CTO Zhang Hui serves as ZAN CEO.

The brand is committed to serving Web3 institutional customers and Web3 application developers. The institutional customer service content covers: new assets, new compliance, RWA compliance asset issuance solutions, and KYC/KYT compliance technology products. Application developer services cover: new security, new tools, SRC contract security life cycle, Web3 developer cloud node service + data service.

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ZAN CEO Zhang Hui said that ZAN provides technical services to support Web3 innovative businesses for compliance agencies and innovative companies in Hong Kong and overseas markets, including Web3 full-stack secure and trusted technology products and comprehensive solutions, to help Web3 application innovation and industry Develop on a large scale.

ZAN is built on Ant Chain OpenLabs open source technology matrix Ant Chain TrustBase. Ant Chain TrustBase is an open source technology system based on Ant Chain, integrating multiple technological accumulations of Ant Chain, including wide area network consensus algorithms that are of great concern to the industry, zero-knowledge proof (ZKP), fully homomorphic encryption (FHE) and other technical achievements.

According to official news, ZAN is committed to protecting and optimizing Web3 applications, platforms and businesses. ZAN provides comprehensive technologies, products and solutions for the Web3 ecosystem, including smart contract review (SCR), KYT (know your transaction), KYC (know your customer), node services and other customized services.

As the next generation of Internet technology, Web3 has become the focus of attention at home and abroad in recent years due to its disruptive power in the industry. Hong Kong, Singapore and other places are vigorously embracing Web3. At the beginning of 2023, the Hong Kong SAR government proposed the goal of promoting Hong Kong to become an international digital asset center and launched a series of policies. Subsequently, technology companies including Alibaba Cloud, Tencent Cloud, and Huawei Cloud have released Web3-related products and services for Hong Kong and overseas markets to seize market opportunities.

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