Earlyworks Co., Ltd. (Nasdaq: ELWS), a leading Japanese company specializing in private blockchain technology through its Grid Ledger System (GLS), has inked a Memorandum of Understanding (MOU) with quality verification provider Pole to Win Vietnam (PTW-V). This strategic alliance aims to expand both companies’ horizons by leveraging GLS and blockchain-related technology.
The collaboration is a pivotal element of Earlyworks’ overarching strategy to introduce GLS across diverse industries and broaden its applications. Under the MOU, Earlyworks and PTW-V will collaborate on 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.
The key objective of the alliance is to elevate the quality standards within the blockchain domain, specifically for Web 3.0 businesses and startups. By combining Earlyworks’ expertise in blockchain with PTW-V’s proficiency in quality assurance, the partnership is poised to deliver a low-cost blockchain verification solution for the Web 3.0 industry.
The Web 3.0 sector often faces challenges related to system failures in blockchain technology due to its inherent complexity. With limited experienced verification service providers, many blockchain companies resort to in-house verification, incurring high costs and straining development resources. The alliance between Earlyworks and PTW-V seeks to alleviate these challenges and foster the growth of Web 3.0 businesses through cost-efficient code checks and third-party verification.
Satoshi Kobayashi, CEO and Representative Director of Earlyworks, expressed enthusiasm about the partnership, highlighting the potential of the alliance to become a cornerstone for expanding in the quality assurance market. He emphasized the dedication to improving quality standards in the blockchain products of the Web 3.0 industry and underlined their commitment to delivering high-quality services through GLS. This collaboration signifies a concerted effort to meet the demands of Web 3.0 businesses, enhance blockchain product quality, and create lasting value for shareholders.
