Thailand, Bangkok, 9 July 2024, Chainwire
ShardLab, the innovation arm of main world Web3 enterprise capital firm Hashed, proclaims the launch of its net utility based mostly on Account Abstraction (AA) and zero-knowledge (zk) expertise. This app is a transformative solution to leverage Decentralized Id (DiD) and seamlessly distribute vouchers.
This new utility builds on the success of Southeast Asia Blockchain Week (SEABW) 2024, the place ShardLab demonstrated the potential of NFTs for sensible purposes, and extends the utility of blockchain expertise into on a regular basis use. Throughout the occasion, attendees skilled first-hand the comfort of blockchain transactions with NFT vouchers at ICONSIAM, demonstrating the effectivity and safety these applied sciences convey to real-world retail environments.
The consumer expertise has been additional enhanced by the seamless integration of NFT vouchers with the Level of Sale (POS) methods of over 60 eating places and retailers in ICONSIAM. Contributors might merely redeem their vouchers by scanning a QR code, which mechanically deducted the voucher quantity from their account. This implementation demonstrated the practicality and effectiveness of blockchain expertise in an actual retail surroundings.
Watch the complete videoOptions of the official SEABW app:
– Digital Id Verification: The app makes use of zero-knowledge proof (“ZKP”) and permits customers to verify their identification with out sharing non-public data, growing privateness and safety.
– Fee by Web3 digital voucher: Customers can obtain and redeem vouchers within the NFT-stamped QR code immediately via the app, which will be simply managed and used at taking part places, simplifying the transaction course of.
The appliance additionally consists of account abstraction (“AA”), making it user-friendly and accessible to a large viewers. Account abstraction simplifies cryptowallets and permits customers to work together with blockchain purposes with the convenience of conventional digital wallets.
“The launch of this utility marks a big milestone on our journey to mainstream blockchain adoption,” stated Hojin Kim, CEO of ShardLab. “By integrating cutting-edge applied sciences equivalent to zero-knowledge proofs and account abstraction, we’re paving the best way for a future the place blockchain just isn’t solely safe, but in addition simple and handy for on a regular basis customers.”
ShardLab continues to guide the event of modern options that bridge the hole between blockchain expertise and real-world purposes. This new utility is proof of blockchain's potential to revolutionize industries by growing safety, effectivity and consumer expertise.
About ShardLab
ShardLab is devoted to supporting the mass adoption of Web3 applied sciences in Southeast Asia. As an innovation arm of Hashed, ShardLab builds ecosystems and collaborations that ship modern disruption utilizing Web3 expertise, making it accessible and empowering communities on this dynamic digital frontier.
About Hash
Hashed, a workforce of blockchain consultants and creators based mostly in a number of world places, invests in and helps the event of decentralized and blockchain applied sciences. By taking part as main technical contributors, Hashed is accelerating the mass adoption of blockchain, remodeling the worldwide economic system and material of the web.
ContactMr. Tdata@shardlab.com
This text was initially printed on Chainwire
