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”) has been launched 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.
With the characteristics above, SDK Phase 1 is expected to be applied in a wide range of systems, including:
- Carbon offset credit transaction system.
- Brand-name authenticity system.
- Logistics management system with RFID (Radio Frequency Identification).
- Contract management system for individual contracts.
- NFT advertisement delivery system for members.
- Transportation payment system.
Mr. Satoshi Kobayashi, the Chief Executive Officer and Representative Director of Earlyworks commented, “We are happy to announce the launch of SDK Phase 1 today. As a blockchain service provider, our success depends on our ability to apply our GLS in new products and services in ways that address current and anticipated client requirements, industry needs and future trends. Therefore, we believe the launch of SDK Phase 1 is a remarkable step toward our success.
Mr. Satoshi Kobayashi continued, “A number of major Japanese companies have expressed their interest in our SDK Phase 1, and we have been actively engaged in discussions with some of them since our announcement of SDK Phase 1 development. Following the launch of SDK Phase 1, we expect to make progress in our business negotiations with those potential clients. We look forward to announcing new business partnerships with them in the near future.”
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