Earlyworks Partners with Relic to Promote Business Development Utilizing Web3 Technology
Introduction
Tokyo-based blockchain technology provider Earlyworks has announced a business alliance with Relic to promote new business development utilizing Web3 technology. Earlyworks currently deploys its high-speed proprietary blockchain technology Grid Ledger System (GLS), a hybrid blockchain that combines the technical advantages of both blockchain technology and database technology.
Market Potential and Alliance Background
The global market for blockchain, a leading Web3 technology, continues to grow every year and is expected to reach approximately $10.6 billion in 2023 and $404.1 billion in 2030. The market is expected to grow 38-fold in the seven years from 2023 to 2030, and such huge market growth is attracting more attention around the world.
Joint Business Development Support by GLS x DUALii
In today’s highly uncertain and rapidly changing era, it is essential for new business development to go through a process of speedy hypothesis testing, business problem solving, and improvement based on real feedback and reactions from customers and users. However, when a large company tries to launch a new business, it is not always possible for the company to properly promote the above process due to various reasons and restrictions. Relic offers DUALii as a solution to the above problems faced by large companies.
Key Features of GLS
- High processing speed
- Parallel processing and auto-scale functions
- High tamper-resistance
- Zero server downtime
- Versatile applications
- Enabled emergency stop
What is DUALii?
DUALii is an incubation partner platform that enables large companies to build the optimal co-creation system for their issues and problems through flexible involvement schemes and diverse exit strategies. In addition to business planning, hypothesis testing, product and service development, marketing, sales, and customer management, maintenance, and operation, growth, customer success, etc., Relic takes on the roles and responsibilities as a business provider on behalf of large companies.
Examples of Partnerships
- Joint support for new business development by organically combining the services of both companies (GLS x DUALii)
- System integration of services and products of both companies
- Joint development of new business development support solutions/products
Main Features of GLS x DUALii
By combining GLS with DUALii, a new business model utilizing advanced Web3 technology can be realized with a flexible structure and high technical capabilities. This solution addresses business issues, brand damage risks, legal and financial risks, etc., faced by large companies by linking DUALii, an incubation partner platform, with Earlyworks’ proprietary blockchain technology.
Conclusion
The strategic partnership between Earlyworks and Relic will enable the development of innovative business models utilizing Web3 technology, addressing the business challenges faced by large companies. Earlyworks’ GLS and DUALii’s incubation platform will provide a unique solution to new business development, combining the strengths of both companies to create new value.
FAQs
- Q: What is the purpose of the partnership between Earlyworks and Relic?
- Q: What are the key features of Earlyworks’ Grid Ledger System (GLS)?
- Q: What is DUALii?
- Q: What is the expected growth rate of the blockchain market?
A: The partnership aims to promote new business development utilizing Web3 technology.
A: GLS is a hybrid blockchain that combines the technical advantages of both blockchain technology and database technology, featuring high processing speed, parallel processing, high tamper-resistance, zero server downtime, versatile applications, and enabled emergency stop.
A: DUALii is an incubation partner platform that enables large companies to build the optimal co-creation system for their issues and problems through flexible involvement schemes and diverse exit strategies.
A: The global market for blockchain is expected to grow 38-fold in the seven years from 2023 to 2030.
