News
Earlyworks and ZenmuTech collaborate for a safer experience
TOKYO, May 31, 2024 (GLOBE NEWSWIRE) — Earlyworks Co., Ltd. (Nasdaq: ELWS) (the “Company” or “Earlyworks”) (Headquarters: Taito-ku, Tokyo; CEO: Satoshi Kobayashi), a blockchain solutions provider implementing its proprietary high-speed Grid Ledger System (“GLS”) blockchain technology, and ZenmuTech, Inc (“ZenmuTech”) (Headquarters: Chuo-ku, Tokyo; CEO: Yoshikazu Taguchi), pursuing data protection and data usage through “secret partition technology” that encrypts and manages information in various locations, have collaborated to realize a secure digital society where users can use their data without worrying about data leakage data, hacking and tampering.
- Context of the collaboration
GLS, the fast proprietary blockchain technology provided by Earlyworks, addresses the problem of slow processing speed, which has been a major bottleneck in conventional blockchains. GLS has a processing speed of less than 0.2 seconds under certain circumstances, which is ideal for enterprise blockchains. GLS has controllable and easy-to-use operational functions that are as good as those of conventional databases. It has high processing power like a large-scale database and achieves both easy installation and high customization, as well as high tamper resistance and practicality, which are the characteristics of blockchains.
ZenmuTech’s AONT (All-or-Nothing Transform) secret subdivision technology divides the data into “several pieces (shares) that are canceled and split at various locations”, so that if a fragment is missing, the entire image cannot be recovered and data loss can be prevented. This technology attracts attention as an alternative solution to encryption technology, which has so far been the basis of security technology.
By combining blockchain tamper resistance with secret slicing data invalidation technology, Earlyworks and ZenmuTech are now able to provide strong and fast next-generation data protection. With this collaboration, Earlyworks and ZenmuTech will create an innovative business model for enterprises in Japan.
- Objectives of the collaboration
With this collaboration, Earlyworks and ZenmuTech seek:
1) New blockchain to unleash a digital revolution
GLS enables the secure handling of a wide variety of content, including not only text, but also images, videos, and music.
This implies that content creators can deliver engaging content while keeping their work safe and secure.
2) Powerful SDKs provided by ZENMU Engine (SDK) and GLS (SDK)
It is expected that the combination of the two SDKs will result in a more convenient and powerful SDK that offers security and reliability.
Customers will be able to enjoy their digital lives with peace of mind and manage their data with confidence in the business world.
(3) Secret split x blockchain = strong security
Earlyworks and ZenmuTech will develop technology to secretly split large files and manage a fragment of them on the blockchain.
This is expected to reduce the risk of information leaks and data tampering.
The transparency of blockchain and the robustness of secret partitioning combine to set a new standard for data protection.
Further details on this collaboration will be released later this summer.
■ Market potential and alliance context
The global blockchain market, one of the leading Web3 technologies, continues to grow every year and is expected to reach approximately $10.6 billion in 2023 and $404.1 billion in 2030 (*1). The market is expected to grow 38 times in the seven years from 2023 to 2030, and such enormous growth of the market is attracting more and more attention around the world.
On the other hand, the Japanese blockchain market is expected to be worth JPY 142.7 billion (*2) in 2023, and compared to the size of the global market, Japan’s market share is estimated to be around 10%.
In Japan, the “Priority Policy Program for Realizing Digital Society” approved by the Cabinet in June 2022 provides for the “Promotion of Web 3.0″, which in turn includes the use of NFTs (non-fungible tokens) based on blockchain technology” and the “Web 3.0 Study Group” was established at the Digital Agency to study the future use of blockchain. Although the “Web 3.0 Study Group” was established at the Digital Agency and its activities are increased, the actual commercial use of blockchain has yet to increase significantly.
1 Blockchain Market Forecast to 2030 Global Information, Inc. https://www.gii.co.jp/report/smrc1308673-blockchain-market-forecasts-global-analysis-by.html )
2 Future Blockchain Market Size Trends Expected by 2028 with AI xenoBrain (https://service.xenobrain.jp/forecastresults/market-size/blockchain)
About GLS (Grid Ledger System), a proprietary blockchain infrastructure technology
GLS is a hybrid blockchain that combines the technical advantages of both blockchain technology and database technology. Database technology provides the traditional infrastructure for storing, collecting, organizing, and processing data and enables the building of systems. GLS has high processing power like a database, ease of implementation and high customization, as well as the tamper-resistance and convenience characteristics of blockchain.
high processing speed
parallel processing and autoscaling features
high resistance to tampering
zero server downtime
versatile applications
emergency stop enabled
https://gls.e-arly.works/ja/new-business
ZenmuTech develops and sells its own products, including “ZENMU Engine”, which provides the secret partitioning technology of ZENMU-AONT as an SDK, and “ZENMU Virtual Drive”, which prevents information leakage from PCs and is used by many companies . In the field of covert computing, ZenmuTech provides “QueryAhead”, a database platform for covert computing, for research and social implementation in collaboration with AIST.
In order to realize highly secure solutions that could not be realized with conventional encryption technologies, ZenmuTech will pursue data protection and utilization with its innovative technological capabilities and creativity through open innovation.
Name: ZenmuTech, Inc
Location: 804 THE HUB GINZA OCTOBER 8-17-5 Ginza, Chuo-ku, Tokyo
Representative director: Yoshikazu Taguchi
URL: https://zenmutech.com/
[Trademarks]
All company and product names in this document are the property and trademarks or registered trademarks of their respective companies.
Earlyworks Co., Ltd. is a Japanese company that operates its proprietary private blockchain technology, GLS, to leverage blockchain technology in various applications across a wide range of industries. GLS is a hybrid blockchain that combines the technical advantages of blockchain and database technology. GLS offers high-speed processing, which can reach 0.016 seconds per transaction, tamper resistance, security, zero server downtime, and versatile applications. The applicability of GLS is verified in multiple domains, including real estate, advertising, telecommunications, metaverse, and financial services. The company’s mission is to continue to upgrade GLS and make it an infrastructure in the future Web3/metaverse-like data society.
Earlyworks Co., Ltd.
Location: 3F MR Building, 5-7-11 Ueno, Taito-ku, Tokyo
Representative: Satoshi Kobayashi, Representative Director and CEO
Business Description: Providing system solutions using GLS
Founding date: May 2018
Company website: https://e-arly.works/
For press inquiries regarding this topic, please contact
Earlyworks Co., Ltd.
EMAIL: ew-ir@e-arly.works
Forward-Looking Statements
Certain statements contained in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements through the use of words such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “plans,” “ intends,” “plans,” “will,” “would,” “should,” “could,” “could” or other similar expressions. The Company undertakes no obligation to publicly update or revise any forward-looking statements to reflect subsequently occurring events or circumstances or changes in its expectations, except as required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct, and the Company cautions investors that actual results may differ materially from anticipated results and encourages investors to review other factors that could affect future results in the Company’s registration statement and other documents filed with the United States Securities and Exchange Commission.
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