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Blockchain companies Earlyworks and ZenmuTech collaborate to create a secure digital future
Earlyworks Co., Ltd., a blockchain solutions provider known for its proprietary high-speed blockchain technology, Grid Ledger System (GLS), has partnered with ZenmuTech, Inc., a company specializing in data protection through its exclusive secret subdivision technology. This collaboration aims to create a secure digital society where users can use their data without worrying about data leaks, hacking or tampering.
Earlyworks, led by CEO Satoshi Kobayashi, offers GLS, a blockchain technology designed to overcome the slow processing speeds that have plagued conventional blockchains. GLS boasts a processing speed of less than 0.2 seconds under certain conditions, making it ideal for enterprise applications. The system combines the high processing power and ease of deployment of large-scale databases with the tamper-resistance and convenience of blockchain technology. This allows for controllable and easy-to-use operations similar to traditional databases.
ZenmuTech, under the leadership of CEO Yoshikazu Taguchi, developed the secret subdivision technology All-or-Nothing Transform (AONT). This technology divides the data into several fragments which are canceled and distributed to various locations. Without all the fragments, the data cannot be reconstructed, effectively preventing data leakage. This method is gaining recognition as a superior alternative to traditional encryption technology, which has long been a cornerstone of security measures.
By integrating the anti-tamper capabilities of blockchain with the data-nullifying power of secret partitioning, Earlyworks and ZenmuTech are poised to deliver a robust and fast next-generation data protection solution. The collaboration is expected to foster an innovative business model for enterprises in Japan.
Objectives of the Collaboration
Earlyworks and ZenmuTech have outlined several key objectives for their partnership:
Driving a digital revolution with new Blockchain technology
GLS technology enables the secure handling of different types of content, including text, images, videos and music. This feature allows content creators to deliver engaging content while ensuring their work remains safe and secure.
Improved Software Development Kits (SDKs)
The collaboration aims to combine the strengths of ZenmuTech’s ZENMU Engine SDK and GLS SDK to create a more powerful and affordable SDK. This development is expected to provide customers with greater security and reliability in their digital interactions and management of business data.
Achieving robust security through secret partitioning and blockchain
The partnership plans to develop technology that secretly splits large files and manages the fragments on the blockchain. This approach is expected to significantly reduce the risk of information leaks and data tampering. The combination of the transparency of blockchain and the robustness of secret partitioning technology aims to set a new standard for data protection.
Market potential and alliance context
The global blockchain market, one of the leading Web3 technologies, is experiencing rapid growth. It is expected to reach approximately $10.6 billion in 2023 and $404.1 billion by 2030, an increase of 38 times in seven years. This exponential growth is attracting significant global attention.
In Japan, the blockchain market is expected to be worth JPY 142.7 billion in 2023, accounting for approximately 10% of the global market. The Japanese government has been proactive in promoting blockchain technology through initiatives such as the “Priority Policy Program for Realizing Digital Society” approved by the Cabinet in June 2022. This program includes the promotion of Web 3.0 and the use of tokens non-fungible (NFT) based on blockchain technology. Furthermore, the Digital Agency has established the “Web 3.0 Study Group” to explore future applications of blockchain.
Despite these efforts, the actual commercial use of blockchain in Japan has yet to see significant growth. However, the collaboration between Earlyworks and ZenmuTech is poised to accelerate the adoption of blockchain technology in Japanese enterprises by providing a secure and efficient solution for data management and protection.
As the global and Japanese blockchain markets continue to expand, the innovative solutions offered by Earlyworks and ZenmuTech could play a crucial role in shaping the future of secure use of digital data. More details on this innovative collaboration are expected to be released later this summer.