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 it had signed a memorandum of understanding (“MOU”) with Pole to Win Vietnam (“PTW-V”), a quality verification provider, to enter into a business alliance (the “Alliance”) seeking to expand both parties’ businesses by utilizing GLS and blockchain-related technology. PTW-V is an affiliate of Pole to Win Corporation, a provider of quality assurance debug testing, software quality testing, online support services, and testing services for products using blockchain technology comparable to Japanese third-party system verification. The Alliance aims to enhance the quality standards within the blockchain area for Web 3.0 businesses and startups.
The Alliance is a pivotal component of Earlyworks’ overarching strategy to introduce GLS into various industries and broaden its spectrum of applications. Pursuant to the MOU, Earlyworks and PTW-V will work together to perform code checking and testing of behavior of products using blockchain technology and offer third-party verification of systems for defects. Both parties also plan to create and provide third-party evaluation certificates. Earlyworks is set to provide knowledge in the blockchain domain, support sales activities and liaise with third-party subcontractors. Source: Yahoo Finance
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