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