Earlyworks Signs MOU with Pocket RD for 'Phygital' Marketing Expansion

Earlyworks Co., Ltd. (the “Company” or “Earlyworks”), a Japanese company operating its proprietary private blockchain technology, Grid Ledger System (“GLS”), today announced that it has signed a Memorandum of Understanding (the “MOU”) with Pocket RD Inc. (“PocketRD”), a developer of 3D Avatar and Blockchain XR technology, to form a business alliance (the “Alliance”) with an aim to leverage the strengths of both companies and expand Earlyworks’ market footprint.
 
Pursuant to the MOU, Earlyworks and PocketRD agree to work together to perform the following tasks:
 

• Improve performance and options for PocketRD’s technology.
• Build a low-cost, high-quality blockchain system using the GLS-System Development Kit.
• New business development and provision of systems and products that leverage the strengths of both companies.

 
Earlyworks agrees to provide GLS, offer design or design support for each product, and conduct technical verification, system development and operation. PocketRD agrees to provide its technology, review specifications, develop new business, and plan and sell systems and products.
 
The Alliance is expected to offer user-friendly services for clients to develop their businesses in the Web 3.0 industry. Many companies are strengthening their efforts in the field of “phygital marketing” (a term coined to describe the marketing initiatives that combine physical and digital forms). By forming the Alliance, Earlyworks and PocketRD aim to serve companies in such efforts.


​Source: Globe Newswire