ShardLab, the blockchain arm of worldwide Web3 enterprise capital agency Hashed, has launched a brand new internet utility to simplify decentralized identification (DiD) and NFT voucher distribution. Through the use of applied sciences like account abstraction (AA) and zero-knowledge proofs (ZK), the app goals to reinforce 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. Through the occasion, attendees at ICONSIAM, a big shopping center in Bangkok, skilled the practicality of blockchain expertise firsthand. Over 60 eating places and retailers built-in the NFT vouchers with their point-of-sale (POS) techniques, 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 certain that customers can confirm their identities with out sharing personal info, aiming to reinforce 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 efficiency of blockchain technology in a real-world retail environment,” ShardLab famous. Attendees may redeem their vouchers by scanning a QR code, mechanically deducting the voucher quantity from their payments, avoiding the same old complexities related to good contracts.
Enhancing Consumer Expertise and Safety
The app’s account abstraction characteristic is vital to its user-friendliness. Moreover, it goals to simplify the crypto pockets expertise, permitting customers to work together with blockchain purposes 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 application marks a significant milestone in our journey towards mainstream blockchain adoption,” stated Hojin Kim, CEO of ShardLab. “By integrating technologies like zero-knowledge proofs and account abstraction, we are paving the way for a future where blockchain is not only secure but also straightforward and convenient for everyday users.”
