Earlyworks Co., Ltd., a blockchain solution provider known for its high-speed proprietary blockchain technology, Grid Ledger System (GLS), has partnered with ZenmuTech, Inc., a company specializing in data protection through its unique secret splitting technology. This collaboration aims to create a secure digital society where users can utilize their data without concerns about data leakage, hacking, or tampering.
Earlyworks, led by CEO Satoshi Kobayashi, offers GLS, a blockchain technology designed to overcome the slow processing speeds that have plagued conventional blockchains. GLS boasts a processing speed of less than 0.2 seconds under certain conditions, making it ideal for enterprise applications. The system combines the high processing power and ease of installation found in large-scale databases with the tamper-resistance and convenience of blockchain technology. This allows for controllable and user-friendly operations akin to traditional databases.
ZenmuTech, under the leadership of CEO Yoshikazu Taguchi, has developed the All-or-Nothing Transform (AONT) secret splitting technology. This technology divides data into several fragments that are nullified and distributed across various locations. Without all fragments, the data cannot be reconstructed, effectively preventing data leakage. This method is gaining recognition as a superior alternative to traditional encryption technology, which has long been a cornerstone of security measures.
By integrating the tamper-resistant capabilities of blockchain with the data-nullifying power of secret splitting, Earlyworks and ZenmuTech are poised to offer a robust and fast next-generation data protection solution. The collaboration is expected to foster an innovative business model for enterprises in Japan.
Objectives of the Collaboration
Earlyworks and ZenmuTech have outlined several key objectives for their partnership:
Driving a Digital Revolution with New Blockchain Technology
The GLS technology enables secure management of diverse content types, including text, images, videos, and music. This capability allows content creators to offer engaging content while ensuring their work remains secure and protected.
Enhancing Software Development Kits (SDKs)
The collaboration aims to combine the strengths of ZenmuTech’s ZENMU Engine SDK and GLS SDK to create a more powerful and convenient SDK. This development is expected to provide customers with greater security and reliability in their digital interactions and business data handling.
Achieving Robust Security through Secret Splitting and Blockchain
The partnership plans to develop a technology that secretly splits large files and manages fragments on the blockchain. This approach is expected to significantly reduce the risk of information leakage and data tampering. The combination of blockchain transparency and the robustness of secret splitting technology aims to establish a new standard for data protection.
Market Potential and Alliance Background
The global blockchain market, a leading Web3 technology, is experiencing rapid growth. It is projected to reach approximately $10.6 billion in 2023 and $404.1 billion by 2030, representing a 38-fold increase over seven years. This exponential growth is drawing significant global attention.
In Japan, the blockchain market is anticipated to be worth 142.7 billion JPY in 2023, accounting for about 10% of the global market. The Japanese government has been proactive in promoting blockchain technology through initiatives like the “Priority Policy Program for Realizing Digital Society” approved by the Cabinet in June 2022. This program includes promoting Web3.0 and the use of non-fungible tokens (NFTs) based on blockchain technology. Additionally, the Digital Agency has established the “Web 3.0 Study Group” to explore the future applications of blockchain.
Despite these efforts, the actual business use of blockchain in Japan has yet to see significant growth. However, the collaboration between Earlyworks and ZenmuTech is poised to accelerate the adoption of blockchain technology in Japanese enterprises by providing a secure and efficient solution for data management and protection.
As the global and Japanese blockchain markets continue to expand, the innovative solutions offered by Earlyworks and ZenmuTech could play a crucial role in shaping the future of secure digital data utilization. More details on this groundbreaking collaboration are expected to be released later this summer.
This news is republished from another source.
