Earlyworks Co., Ltd. to Launch Phase 1 of SDK Package for Grid Ledger System
19 Setembro 2023 - 11:30AM
Earlyworks Co., Ltd. (Nasdaq: ELWS) (the “Company” or
“Earlyworks”), a Japanese company operating its proprietary private
blockchain technology, Grid Ledger System (“GLS”), today announced
that Phase 1 of the System Development Kit (“SDK”) package for GLS
(“SDK Phase 1”) will be launched by the end of October 2023 after a
year of development.
Designed to serve corporate clients, SDK Phase 1
features the following characteristics:
- Innovative blockchain service to
clients who require high processing speed.
- High compatibility and
user-friendliness to engineers, with easier installation and
maintenance for GLS.
- User-friendly control system with
similar kill switch and data determinism to conventional
databases.
- Optimized fee structure setting GLS
apart from conventional blockchain systems.
- Reduced implementation costs.
A number of major Japanese companies have
expressed interest in SDK Phase 1, and Earlyworks is actively
engaged in discussions with some of them for the forthcoming
introduction of SDK Phase 1.
Earlyworks’ proprietary transformative
blockchain-based technology GLS has the following major
features:
- High Processing Speed: GLS
generates blocks in parallel and the approval time for one
transaction in GLS can reach 0.016 seconds while offering enhanced
security at the same time.
- Emergency Stop: The conventional
blockchains cannot be stopped in the event of emergencies because
of their lack of a kill switch. In comparison, GLS can be stopped
in an emergency due to the presence of a kill switch.
- Flexible Fees: Generally, public
blockchains are structured to charge fees for each transaction that
occurs. We are enterprise-oriented and have a private blockchain
GLS that allows us to process a large number of transactions at
high speed, making it possible to set fees flexibly.
Mr. Satoshi Kobayashi, the Chief Executive
Officer and Representative Director of Earlyworks commented, “We
are excited to announce that the SDK Phase 1 will be launched
shortly. Our proprietary GLS features high-speed processing,
tamper-resistance, security, zero server downtime, and versatile
applications.”
Mr. Satoshi Kobayashi continued, “We believe the
launch of SDK Phase 1 will expand our business, increase our client
base and ensure our long-term growth. Leveraging our expertise and
experience, we will continue to develop our SDK package for GLS,
advance our technologies, enhance our competitive strengths and
create additional value for our shareholders.”
About
Earlyworks Co., Ltd.
Earlyworks Co., Ltd. is a Japanese company
operating its proprietary private blockchain technology, GLS, to
leverage blockchain technology in various applications in a wide
range of industries. GLS is a hybrid blockchain that combines the
technical advantages of blockchain and database technology. GLS
features 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, advertisement,
telecommunications, metaverse, and financial services. The
Company’s mission is to keep updating GLS and make it an
infrastructure in the coming Web3/metaverse-like data society. For
more information, please visit the Company’s website:
https://ir.e-arly.works/.
Forward-Looking Statements
Certain statements 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 by
the use of words such as “approximates,” “believes,” “hopes,”
“expects,” “anticipates,” “estimates,” “projects,” “intends,”
“plans,” “will,” “would,” “should,” “could,” “may,” or other
similar expressions. The Company undertakes no obligation to update
or revise publicly any forward-looking statements to reflect
subsequent occurring events or circumstances, or changes in its
expectations, except as may be required by law. Although the
Company believes that the expectations expressed in these
forward-looking statements are reasonable, it cannot assure you
that such expectations will turn out to be correct, and the Company
cautions investors that actual results may differ materially from
the anticipated results and encourages investors to review other
factors that may affect its future results in the Company’s
registration statement and other filings with the SEC.
For more information, please
contact:
Earlyworks Co., Ltd.Investor Relations
DepartmentEmail: ir@e-arly.works
Ascent Investor Relations LLCTina XiaoPhone: +1
917-609-0333Email: tina.xiao@ascent-ir.com
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