zCloak Network and Solv Protocol announce their cooperation on the DESFT project

the 2024-01-12 68
On January 12th, at the first SFT Innovation Forum, the founder of zCloak Network and the co-founder of Solv Protocol jointly announced that they have officially become strategic partners for the DESFT project.It is reported that DESFT was jointly designed and incubated by zCloak and Solv. It was unveiled at the Singapore Fintech Festival in November last year. The project is supported by the Monetary Authority of Singapore and the Bank of Ghana. It aims to help small and medium-sized enterprises in developing countries participate in international trade through enterprise digital identity, digital certificates, and ERC3525 technology, and to obtain fair, accurate, and affordable financial services in cross-border digital economic activities.Through deep cooperation in the DESFT project, both parties unanimously believe that zCloak's zero-knowledge proof, digital identity technology, and Solv Protocol's ERC-3525 standard have very good complementarity and strong innovation space in practical application development. In order to better explore the road of real-world asset tokenization, the two parties have officially established a business strategic partnership to jointly expand future technology cooperation and business landing scenarios.