Under this alliance, Earlyworks’ business development assets utilizing Web3 cutting-edge technology will be combined with Relic’s organizational capabilities and expertise in all phases and areas of new business development, to jointly support new business development utilizing Web3 cutting-edge technology. Earlyworks and Relic will jointly develop and widely provide a new business development scheme that addresses business issues, brand damage risks, legal and financial risks, etc., faced by large companies by linking DUALii, an incubation partner platform that allows companies to build optimal co-creation systems through flexible involvement schemes and diverse exit strategies with Earlyworks’ proprietary blockchain 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
On the other hand, the Japanese blockchain market is expected to be worth
In
By forming a business alliance with Relic, the Company intends to promote the development of the Japanese blockchain market and address the following issues: the high hurdles involved in correctly understanding the technical characteristics of blockchain and properly utilizing it in business, as well as a lack of human resources and know-how to take charge of new business development.
The Company has focused on new businesses development that utilizes blockchain technology in recent years, for example, by developing accompanying systems and operating services after they are launched. In
Relic is a "business co-creation company" that supports new business development and innovation creation of Japanese companies. The "Open Innovation Business" co-creates innovation through investment in startups and joint ventures/joint ventures with large companies.
In the blockchain area, Relic has launched
In addition, through activities over the past eight years since company’s establishment, Relic has been involved in the development of more than 4,000 companies and 20,000 new businesses. Relic also has the organizational strength to handle the full spectrum of new business development, and provide the broad and extensive support that is possible only with the largest integrated business, technology, and creative team (BTC organization) specializing in new business.
Through this partnership, Earlyworks' assets for business development utilizing blockchain technology and Relic's organizational capabilities and know-how for various phases and areas of new business development will be combined to jointly support new business development utilizing blockchain technology.
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. Many of the new businesses being considered by large companies face a combination of problems, such as "slow business development speed," "forced withdrawal and failure to commercialize," "no significant growth even if commercialized," "significant risk of brand damage," and "too high indirect costs incurred when entering new business areas.” The problems are compounded by such issues as "slow business commercialization," and "slow business growth even after commercialization”.
Relic offers DUALii as a solution to the above problems faced by large companies, in which Relic acts as the operating entity to launch the business after hypothesis testing, and in terms of organizational design and financing, Relic can construct a flexible and optimal scheme and management system according to the business phase and business content.
By combining DUALii with Earlyworks’ GLS, which has blockchain technology characteristics and high processing performance, a new business model utilizing advanced Web3 technology can be realized with a flexible structure and high technical capabilities.
■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
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 data storage, collection, organization and processing, and enables the construction of systems. GLS has high processing power like a database, ease of implementation and high customizability, as well as the blockchain's characteristics of tamper-resistance and convenience.
< Main features of the GLS >
high processing speed
parallel processing and auto-scale functions
high tamper-resistance
zero server downtime
versatile applications
enabled emergency stop
https://gls.e-arly.works/ja/new-business
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 Trends of Blockchain Market size forecast by 2028 with AI xenoBrain (https://service.xenobrain.jp/forecastresults/market-size/blockchain)
■About DUALii, an incubation partner platform
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. This enables the creation of unprecedented, groundbreaking businesses that combine the concepts and assets of large corporations with the agility and execution capabilities of venture and start-up companies.
Incubation partner platform "DUALii" official website
https://relic.co.jp/services/dualii/
Relic Corporation Company Profile
Company name:
Representative:
Head Office:
Established:
Business activities: incubation tech business, business production/new business development support business, open innovation business
Corporate website: https://relic.co.jp/
Earlyworks Company Profile
Location :
Representative:
Business description: Providing system solutions using GLS
Date of Establishment :
Corporate website : https://e-arly.works/
For inquiries from the press regarding this matter, please contact
E-MAIL: ew-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
Photos accompanying this announcement are available at:
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Earlyworks - ReLic
Business alliance with Earlyworks and ReLic
Grid Ledger System.
8 features of Grid Leger System
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