Zero-Knowledge Proofs Power ShardLab’s NFT Voucher App
ShardLab, the blockchain arm of world Web3 enterprise capital agency Hashed, has launched a brand new internet utility to simplify decentralized id (DiD) and NFT voucher distribution. By utilizing applied sciences like account abstraction (AA) and zero-knowledge proofs (ZK), the app goals to boost safety and usefulness for on a regular basis transactions.
Profitable Demonstration at SEABW 2024
The app’s launch follows a profitable Southeast Asia Blockchain Week (SEABW) 2024 demonstration. In the course of the occasion, attendees at ICONSIAM, a big shopping center in Bangkok, skilled the practicality of blockchain expertise firsthand. Over 60 eating places and outlets built-in the NFT vouchers with their point-of-sale (POS) methods, enabling environment friendly transactions.
ShardLab’s new app permits customers to obtain and redeem vouchers within the type of NFTs by way of QR codes. Zero-knowledge proofs be sure that customers can confirm their identities with out sharing non-public data, aiming to boost privateness. The app’s integration of account abstraction seeks to simplify the consumer expertise, making blockchain interactions as straightforward as conventional digital wallets.
“This implementation demonstrated the practicality and effectivity of blockchain expertise in a real-world retail setting,” ShardLab famous. Attendees might redeem their vouchers by scanning a QR code, routinely deducting the voucher quantity from their payments, avoiding the standard complexities related to sensible contracts.
Enhancing Person Expertise and Safety
The app’s account abstraction function is essential to its user-friendliness. Moreover, it goals to simplify the crypto pockets expertise, permitting customers to work together with blockchain functions as simply as conventional digital wallets. As such, this makes the expertise accessible to a wider viewers, encouraging broader adoption of blockchain.
“The launch of this utility marks a big milestone in our journey in the direction of mainstream blockchain adoption,” stated Hojin Kim, CEO of ShardLab. “By integrating applied sciences like zero-knowledge proofs and account abstraction, we’re paving the way in which for a future the place blockchain is just not solely safe but additionally easy and handy for on a regular basis customers.”
