Read

<p class="is-style-lead">Blockchain developer ShardLab has rolled out a new web application aimed at simplifying voucher distribution in the form of NFTs.</p> 
<p>ShardLab, a blockchain arm of web3 venture capital firm <a href="https://crypto.news/tag/hashed/" target="_blank" rel="noreferrer noopener">Hashed</a>, has unveiled a web application leveraging account abstraction (AA) and zero-knowledge proofs (ZK) technology to simplify the use of decentralized identity and voucher distribution.</p> 
<p>Leveraging zk technology, the application can confirm user identity without sharing private information. It also allows users to receive and redeem vouchers in the form of non-fungible tokens (<a href="https://crypto.news/tag/nft/" target="_blank" rel="noreferrer noopener">NFTs</a>) via QR codes, ShardLab explained.</p> 
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio">
 <div class="wp-block-embed__wrapper"> <iframe title="SEABW2024 App Demonstration (AA Wallet)" width="1020" height="574" src="https://www.youtube.com/embed/5C5_zBkLPB4?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe> 
 </div>
</figure> 
<p>The firm says the launch was the result of a successful release at the Southeast Asia Blockchain Week 2024, where attendees could integrate NFT vouchers with the point-of-sale (POS) systems at over 60 restaurants and shops at ICONSIAM, a themed shopping mall in Bangkok.</p> 
<p> You might also like: <a href="https://crypto.news/microstrategy-to-build-a-bitcoin-based-decentralized-identity-platform/"> MicroStrategy to build a Bitcoin-based decentralized identity platform </a> </p> 
<p>“This implementation demonstrated the practicality and efficiency of blockchain technology in a real-world retail environment,” ShardLab says.</p> 
<p>The firm noted that thanks to account abstraction and NFTs, ICONSIAM’s attendees could natively redeem their vouchers by scanning a QR code, automatically deducting the voucher amount from the bill, without facing traditional hurdles tied to smart contract usage.</p> 
<p>“By integrating cutting-edge 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,” said Hojin Kim, CEO of ShardLab.</p> 
<p> Read more: <a href="https://crypto.news/china-blockchain-identity-data-security/"> China proposes blockchain-powered identity verification </a> </p>

ShardLab launches ZK-based tool for digital identity and NFT vouchers

crypto.news

Άλλα άρθρα που δημοσιεύτηκαν στις 9 Ιουλ 2024

Kwenta Receives Proposals to Integrate GMX and Gains Network into Perpetuals Marketplace

Bitcoin Dominates Australia’s Crypto Market

Ethereum Launches “Attackathon” to Boost Security

Notcoin Skyrockets 87% in Days! Is This Just the Beginning?

Shiba Inu Experiences Recent Price Increase

Bitcoin Price Drops as Investors Adjust Strategies

Join our free newsletter for daily crypto updates!