A New Dawn for Web3 Developers with ZAN
In an ambitious move, the Ant Group — the power behind the behemoth mobile payment platform Alipay — has introduced ZAN, a subsidiary brand dedicated to spearheading blockchain development and services for Web3 developers on both individual and institutional fronts.
Comprehensive Solutions for a Dynamic Web3 Ecosystem
According to the press release disseminated on Sept. 8, ZAN has been crafted to offer a wide spectrum of technical products and services. Leading the charge is a potent solution designed to aid Web3 enterprises in the issuance and management of real-world assets (RWAs), aligned perfectly with the stipulated regulatory frameworks.
ZAN isn’t stopping there; its repertoire includes a slew of technical products enveloping electronic Know-Your-Customer (eKYC) systems, Anti-Money Laundering (AML) initiatives, and Know-Your-Transactions (KYT) provisions, creating a robust foundation for Web3 operations.
Enhanced Security with Smart Contract Reviews and Node Services
To foster a secure and reliable Web3 environment, ZAN will institute Smart Contract Reviews (SCR) and offer comprehensive node services, including Remote Procedure Calls (RPC), facilitating the construction of decentralized applications (dApps).
Early Collaborations Paving the Way for Success
ZAN’s promise has already begun resonating within the industry. Earlier this year, at the illustrious Hong Kong Web3 Festival, HashKey DID, a renowned decentralized identity data aggregator, proclaimed its alliance with ZAN eKYC, marking one of the initial partnerships in ZAN’s journey.
Ant Group’s Strategic Pivot Towards IPO
With media outlets buzzing in July about Ant Group’s intention to sever its blockchain branch to apply for a financial holding license in China, the launch of ZAN has set the stage for a strategic realignment.
The historical context is pivotal here. In 2020, Ant Group harbored ambitions of a monumental IPO, eyeing a valuation of $226 billion with a potential to raise $30 billion in Hong Kong and Shanghai — a venture that could have eclipsed records set by the Saudi Aramco IPO. Although hindered then by regulatory roadblocks, Ant Group is rallying to revisit the IPO pathway, this time setting sights on the Hong Kong exchange, with ZAN as its spearhead in blockchain technology.
Conclusion
As Ant Group embarks on this strategic foray with ZAN, the global Web3 developer community stands on the cusp of witnessing an unprecedented era of blockchain innovations. ZAN promises not just a suite of services but a vision of a secure, compliant, and vibrant Web3 ecosystem for developers worldwide, setting a new benchmark in the blockchain arena.
