PADO Labs has completed a $3 million seed round financing and will launch its beta version product

ChainCatcher news, according to official sources, the cryptographic technology provider PADO Labs completed a $3 million seed round financing six months ago and announced that its Beta version product is about to launch for internal testing.

It is reported that PADO will utilize cryptographic algorithms, through technologies such as Interactive Zero-Knowledge Proofs (IZK) and Secure Multi-Party Computation (MPC), to be the first to integrate off-chain data into the on-chain world. This ensures compliant, secure, private, and verifiable links, facilitating the creation of interconnected and composable user credit credentials. PADO's vision is to establish a fully decentralized credit protocol centered around users.