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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    NFT Sales Spike in July—but Still Miles Below 2024’s Highs

    NFT Sales Spike in July—but Still Miles Below 2024’s Highs

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    Ethereum Collections Lead NFT Sales Today

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    The Squid Fighter game is taking Telegram by storm — join the fight and claim your NFT before it’s too late!

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    This Game Lets You Relive the Ethereum Story Through Vitalik Buterin’s Eyes

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Home Blockchain

ShardLab launches a digital ID and voucher distribution app

July 10, 2024
in Blockchain
23
ShardLab launches a digital ID and voucher distribution app
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ShardLab, a division of Hashed, a leading Web3 venture capital firm, has launched a new web app introducing a revolutionary approach to utilizing decentralized identity (DiD) and seamlessly distributing vouchers, as per the latest updates shared with Finbold on July 8.

READ ALSO

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MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

Integrating NFT vouchers with ICONSIAM

Following a successful showcase at Southeast Asia Blockchain Week (SEABW) 2024, where ShardLab demonstrated some practical applications of non-fungible tokens (NFTs), the new app highlights additional uses of blockchain in the mainstream.

During the SEABW event, attendees also saw how NFT vouchers powered by blockchain technology streamlined transactions at ICONSIAM, highlighting both the efficiency and security benefits in retail environments.

The integration of NFT vouchers with ICONSIAM’s point-of-sale (POS) systems, encompassing over 60 restaurants and shops, allowed attendees to easily redeem vouchers by simply scanning a QR code.

Powered by advanced account abstraction (AA) and zero-knowledge (zk) technologies, the official SEABW application comes with a number of useful features.

For one, the app offers enhanced digital ID verification through zero-knowledge proofs (ZKP), allowing users to verify their identity without revealing sensitive information.

Likewise, users can seamlessly receive and redeem NFT-minted vouchers via QR codes directly through the app.

The app also incorporates account abstraction (AA), simplifying the crypto wallet experience and making blockchain apps more accessible to a broader audience.

Bringing blockchain to the mainstream

Hojin Kim, CEO of ShardLab, expressed enthusiasm for further blockchain adoption, stating:

“The launch of this application marks a significant milestone in our journey towards mainstream blockchain adoption. 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.”

ShardLab continues to work on developing fresh solutions that will bridge the gap between blockchain technology and practical applications.

See also  Is Zero-Knowledge Tech the Final Piece of the Puzzle for Enhanced Blockchain Privacy?

The new app thus underscores blockchain’s potential to revolutionize industries by enhancing security, efficiency, and the overall user experience.

Tags: AppdigitaldistributionLaunchesShardLabVoucher

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