ShardLab Unveils Innovative AA and zk-based App for Digital Identity and Voucher Distribution

Thailand, Bangkok, July 9th, 2024 – Chainwire

ShardLab, the innovation division of the global Web3 venture capital firm Hashed, has announced the launch of a new web application that leverages account abstraction (AA) and zero-knowledge (zk) technology. This application offers a groundbreaking approach to utilizing decentralized identity (DiD) and distributing vouchers effortlessly.

Following the success of the Southeast Asia Blockchain Week (SEABW) 2024, where ShardLab demonstrated the practical applications of NFTs, this new app enhances the everyday utility of blockchain technology. At the event, participants experienced the convenience of using blockchain-driven transactions with NFT vouchers at ICONSIAM, showcasing the effectiveness and security of these technologies in real-world retail settings.

The user experience was improved through the seamless integration of NFT vouchers with the point-of-sale (POS) systems across more than 60 restaurants and shops at ICONSIAM. Attendees could easily redeem their vouchers by scanning a QR code, which automatically adjusted the bill amount. This implementation highlighted the practicality and efficiency of blockchain in retail environments.

Key Features of the Official SEABW Application:

• Digital Identity Verification: Utilizing zero-knowledge proofs (ZKP), the app allows users to verify their identity without disclosing private information, thus bolstering privacy and security.

• Web3 Digital Voucher Payment: Users can receive and redeem vouchers represented as NFTs via QR codes directly within the app. This functionality makes it easy to manage and use vouchers at participating venues, simplifying the transaction process.

The app’s integration of account abstraction (AA) enhances usability, making it accessible for a wider audience. Account abstraction streamlines the crypto wallet experience, enabling users to interact with blockchain applications as easily as they would with traditional digital wallets.

"The launch of this application signifies a major milestone in our mission for widespread blockchain adoption," stated Hojin Kim, CEO of ShardLab. "By incorporating advanced technologies such as zero-knowledge proofs and account abstraction, we are creating a future where blockchain is not only secure but also user-friendly and convenient for everyone."

ShardLab remains at the forefront of developing innovative solutions that connect blockchain technology with real-world applications. This new app exemplifies the transformative potential of blockchain across various industries, enhancing security, efficiency, and user experience.

About ShardLab

ShardLab is committed to promoting the mass adoption of Web3 technologies in Southeast Asia. As the innovation arm of Hashed, ShardLab fosters ecosystems and collaborations that leverage Web3 technology to empower communities in this rapidly evolving digital landscape.

About Hashed

Hashed is comprised of a team of blockchain experts and builders located in various global regions. The firm invests in and supports the advancement of decentralized and blockchain technologies, acting as core technical contributors to accelerate widespread blockchain adoption, thereby shaping the global economy and internet infrastructure.

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