Understanding Zan, the latest Web3 brand of AntChain, in one article.

Get to know Zan, AntChain's newest Web3 brand, in one article.

Author: Climber, LianGuai

On the morning of September 8th, ZAN, a new Web3 brand of AntChain, was officially launched at the Bund Summit, providing Web3 technology solutions for the Hong Kong and overseas markets, with a focus on security and compliance. Former CTO of AntChain, Zhang Hui, serves as the CEO of ZAN. What exactly is the Web3 brand Zan? Why is Zan being launched? What is the connection between Zan and AntChain? LianGuai will answer these questions for readers.

(Zan CEO, Zhang Hui)

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1. What is Zan? What products and services does it provide?

Zan is a new technology brand under Ant Group. Leveraging AntChain OpenLabs’ TrustBase open-source technology system, Zan provides a wide range of technical services for Web3 innovative businesses in the Hong Kong and overseas markets.

For enterprise customers, Zan offers a compliant Real World Asset (RWA) issuance solution, as well as security and compliance technology products including EKYC/KYT/AML.

For Web3 developers, Zan provides low-cost, high-performance, and highly reliable cloud service solutions, covering the full lifecycle of smart contract development, audit and deployment monitoring, as well as on-chain node service RPC, AA acceleration, and data intelligence.

2. Why is Zan being launched?

The Web3 wave has arrived and is expected to usher in a new round of technological and industrial revolution. Hong Kong, Singapore, and other places are actively embracing Web3. Earlier this year, the Hong Kong government proposed the goal of making Hong Kong an international digital asset center and launched a series of policies. Leveraging the leading technological strength of AntChain, Zan is launching Web3 technology services for the Hong Kong and overseas markets, hoping to promote rapid industry development through technology and build a prosperous Web3 ecosystem.

3. What are the pain points of the current Web3 ecosystem? What value can Zan bring to Web3?

The current development of Web3 still faces many challenges, such as transaction efficiency bottlenecks, difficulty in ensuring security, and a lack of user-friendly experience. From the perspective of Web3 infrastructure construction, there is still much room for optimization in terms of security, performance, cost, and development experience. From the perspective of scenarios and applications, the Web3 ecosystem lacks effective connections with the physical world and the Web2 world, resulting in a lack of reliable value anchoring, which further limits the scalability and sustainable development of Web3.

In terms of technical support, leveraging AntChain’s years of accumulated full-stack blockchain technology capabilities, Zan can further help Web3 developers reduce development costs and technical risks, and better support Web2 technology developers in entering the Web3 world. In terms of scenarios, Zan’s RWA compliant asset issuance solution, based on trusted asset on-chain technology, can effectively inject new assets into the Web3 world, thereby activating more Web3 application scenarios.

4、What are the core advantages of Zan compared to other similar products?

Ø Zan provides secure and compliant products such as EKYC (Electronic Know Your Customer), KYT (Know Your Transaction), AML (Anti-Money Laundering), etc. These products are based on Ant’s years of accumulated technologies in facial recognition, document recognition, anti-counterfeiting verification, anti-fraud, terminal security, AML, TuGraph graph computing engine, and other technologies. They integrate the latest visual big model risk control capabilities to achieve secure, efficient, and reliable identity verification and security risk control.

Ø Zan’s smart contract security product is based on technologies such as formal logic verification, contract lineage modeling, contract vulnerability knowledge base construction, and data-driven simulation verification. It achieves the capabilities of comprehensive lifecycle, low-cost, and high-security contract security audit and monitoring. Currently, Zan’s contract vulnerability knowledge base is twice the industry average in terms of security model libraries. It also provides industry-leading contract automation analysis services.

Ø The on-chain node service RPC, AA acceleration, and data intelligence service are based on AntChain’s high-performance LETUS storage engine, BTN network acceleration service, intelligent multi-cloud scheduling, high-speed simulation parallel computing of transactions, and TuGraph data storage and computing engine. They achieve low-cost, high-performance, and high-reliability developer cloud services.

Ø In the field of real-world asset (RWA) issuance solutions, Zan adopts the form of a trusted module integrating software and hardware, and combines technologies such as edge computing, TEE/ZKP (Trusted Execution Environment/Zero-Knowledge Proof), and trusted on-chain to achieve a high-security, low-cost, plug-and-play AIoT trusted on-chain solution. These technologies have been applied in AntChain’s consortium chain scenarios, including millions of trusted on-chain devices such as new energy photovoltaic cells, shared electric bicycles, and industrial high-end equipment.

5、What is the relationship between Zan and AntChain?

Zan relies on AntChain’s years of accumulated full-stack blockchain technology capabilities to provide web3 technology-related services to overseas and Hong Kong markets. Among domestic blockchain vendors, AntChain has the most abundant technical reserves, ranking first in global patent authorizations for four consecutive years and ranking first in IDC China’s BaaS (Blockchain-as-a-Service) platform market share for three consecutive years. AntChain’s transaction performance in blockchain has exceeded 200,000 TPS (Transactions Per Second), reaching a historic high in the industry.

6、What is AntChain TrustBase? What is its relationship with Zan?

Zan provides services based on the open-source AntChain TrustBase technology system. AntChain TrustBase is a comprehensive open-source technology system for Web3, integrating AntChain’s cutting-edge technologies in multiple dimensions. AntChain TrustBase consists of four layers: basic hardware, cryptography, protocols, and tools, which can help developers build efficient full-stack web3 technology systems from bottom to top.

7、Who are Zan’s current partners?

Zan’s first batch of partners include Morpheus Labs, HashKey Group, and Everest Ventures Group.

HashKey Group spokesperson: “Technological tools and developer ecosystems are important foundations for the prosperity of the industry. Cross-chain, ZK (Zero-Knowledge Proofs), MPC (Multi-Party Computation), and other cutting-edge technologies have the potential to drive the upgrade of the Web3 industry.”

Morpheus Labs spokesperson: “Zan’s smart contract audit team’s deep expertise, as well as their experience in smart contract application scenarios, security assessment, and vulnerability detection, enhance the technical reliability of our products and have earned us trust and recognition in the market.”

8. What has Ant Group currently open-sourced, and what are their future open-source plans?

Currently, Ant Group has open-sourced cross-chain technology, fully homomorphic encryption, compliance AI, and other cutting-edge technologies through AntChain TrustBase. In the future, AntChain TrustBase will advance open-source plans in four technical levels: basic hardware, cryptography, protocols, and tools. By 2023, they plan to complete the open-source of components such as a fully homomorphic encryption technology stack, core services for cross-chain, and formal tools for smart contract security audits. In 2024, they will further complete the open-source of more algorithm protocols and tools.

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