Earlyworks Co., Ltd., a leading Japanese company specializing in private blockchain technology, has announced a groundbreaking memorandum of understanding (MOU) with quality verification provider Pole to Win Vietnam (PTW-V). The strategic business alliance seeks to expand both companies’ operations by utilizing Earlyworks’ proprietary private blockchain technology, known as the Grid Ledger System (GLS).
The core objective of the alliance is to enhance the quality standards within the blockchain industry for Web 3.0 businesses and startups. Through collaborative efforts, Earlyworks and PTW-V will conduct comprehensive code checking and behavior testing of products utilizing blockchain technology. They also plan to offer third-party verification of systems for defects and create third-party evaluation certificates.
By leveraging GLS and blockchain-related technology, the alliance aims to provide the Web 3.0 industry with a cost-effective solution for blockchain verification. Currently, there is a shortage of verification service providers with extensive experience in developing and verifying blockchain systems, resulting in many companies relying on in-house verification processes. This places a strain on development resources and incurs high costs, hindering the growth of Web 3.0 businesses and startups.
Earlyworks’ Chief Executive Officer, Mr. Satoshi Kobayashi, expressed excitement about the partnership with PTW-V and the potential it holds for expanding their presence in the quality assurance market. He emphasized that PTW-V’s expertise in system verification and testing will be invaluable in checking the behavior and defects of blockchain-based applications. Together, Earlyworks and PTW-V aim to meet the demands of Web 3.0 businesses and startups by providing cost-efficient code checks and third-party verification. This collaboration further underscores their commitment to improving the quality standards of blockchain products within the Web 3.0 industry.
The alliance between Earlyworks and PTW-V represents a significant step towards revolutionizing blockchain verification and fostering growth within the industry. With GLS as their driving force, the companies are poised to deliver high-quality services, promote the adoption of blockchain technology, and create substantial value for their shareholders.
FAQ
What is Earlyworks Co., Ltd.?
Earlyworks Co., Ltd. is a Japanese company that specializes in private blockchain technology, specifically their proprietary Grid Ledger System (GLS). They leverage blockchain technology in various applications across multiple industries.
Who is Pole to Win Vietnam (PTW-V)?
PTW-V is a quality verification provider and an affiliate of Pole to Win Corporation. They offer quality assurance services, with a specific focus on third-party verification (testing) using Japanese-speaking resources.
What is the objective of the business alliance between Earlyworks and PTW-V?
The business alliance aims to expand both companies’ operations by utilizing Earlyworks’ GLS and blockchain-related technology. They seek to enhance the quality standards within the blockchain industry, particularly for Web 3.0 businesses and startups.
How will the alliance benefit the Web 3.0 industry?
The alliance is expected to provide a cost-effective blockchain verification solution, addressing the current shortage of experienced verification service providers in the industry. This will eliminate the need for companies to rely on in-house verification, reducing development resource strain and lowering costs for Web 3.0 businesses and startups.
What are the future plans of Earlyworks and PTW-V?
Together, Earlyworks and PTW-V plan to conduct code checking and behavior testing for products utilizing blockchain technology. They also aim to offer third-party verification of systems for defects and create third-party evaluation certificates. The companies are committed to meeting the demands of Web 3.0 businesses and startups by providing cost-efficient code checks and third-party verification.