Relic, a business co-creation company, uses the world’s fastest proprietary blockchain technology GLS (Grid Ledger System)
Business alliance with Early Works Co., Ltd., which provides
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Press release: May 15, 2024
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Relic, a business co-creation company, uses the world’s fastest proprietary blockchain technology GLS (Grid Ledger System)
Business alliance with Early Works Co., Ltd., which provides *Providing a new business development scheme that combines advanced technology using Web3 with “DUALii”*
Relic Co., Ltd. (Headquarters: Shibuya-ku, Tokyo; Representative Director and CEO: Takao Kitajima; hereinafter referred to as “Relic”), a business co-creation company that supports the development of new businesses and the creation of innovation by Japanese companies, has developed the world’s fastest proprietary blockchain technology. ” GLS (Grid Ledger System)
We are working with Early Works Co., Ltd. (Headquarters: Taito-ku, Tokyo, Representative Director: Kiyoshi Kobayashi, hereinafter referred to as Early Works), a blockchain total solution provider that operates ”, to promote new business development using Web3 technology. We have signed a partnership agreement.
This partnership will combine Relic’s organizational strength and know-how for all phases/all areas of new business development, and Early Works’ business development assets that utilize Web3’s cutting-edge technology, to create new businesses that utilize Web3’s cutting-edge technology. We will jointly support business development.
In addition, as the first step in the partnership, we will launch the incubation partner platform “DUALii”, which can solve the challenges and troubles faced by large companies and build the optimal
co-creation system for each company through flexible engagement schemes and diverse exit strategies.
(Dualy)” and Early Works’ proprietary blockchain technology, we will jointly develop and widely provide a new business development scheme that eliminates business issues faced by large companies, brand damage risks, legal and financial risks, etc. Masu.
■Market potential and partnership background
The global market size of blockchain, which is the representative technology of Web3, continues to expand year by year, reaching approximately $10.6 billion (approximately 1.55 trillion yen) in 2023 and $404.1 billion (approximately 58.6 trillion yen) in 2030. billion yen) (*1). It is expected to grow approximately 38 times over the seven years from 2023 to 2030, and is attracting a lot of attention around the world for its amazing market growth speed.
On the other hand, the domestic blockchain market size is estimated to be 142.7 billion yen (*2) in 2023, and compared to the world market size, Japan’s market share is estimated to be around 10%.
In Japan, in the “Priority Plan for Realizing a Digital Society” approved by the Cabinet in June 2020, “Web 3.0 such as the use of NFT (non-fungible tokens) based on blockchain technology” “Environmental improvement for the promotion of blockchain technology” has been incorporated, and initiatives such as the establishment of the “Web 3.0 Study Group” under the Digital Agency to consider the future use of blockchain are increasing, but there are still many initiatives. At present, it cannot be said that actual business use has increased significantly.
Additionally, in addition to the high hurdles of correctly
understanding the technical characteristics of blockchain and appropriately utilizing it in business, there are also issues such as a lack of human resources and lack of know-how to develop new businesses. We have come to this partnership to resolve these issues and promote further development of the domestic blockchain market.
As a “business co-creation company” that supports Japanese companies’ new business development and innovation creation, Relic
“Incubation Tech Business” provides a SaaS platform specializing in new business development that is unique in the world.
“Business production/new business development support business” that comprehensively and all-in-one supports new business and innovation creation,
We are integrally developing three pillars of business: the “Open Innovation Business,” which co-creates innovation through investments in startup companies and joint ventures/JVs with large companies. In the blockchain field, we are collaborating with Hakuhodo Keithley and others to develop ReFi, a business support platform that utilizes Web3.0 and blockchain technology.
Lab” has been launched and consortium activities are being carried out. In addition, “MetaMe(R)️,” a metacommunication service provided by Relic that utilizes NTT Docomo’s advanced technology,
We have a track record of jointly developing “NFT Market” with Early Works.
In addition, we have a track record of involvement in over 20,000 new business developments for 4,000 companies over the eight years since our founding. In addition, we have the strength of an organization that can handle all areas of new business development, and we provide a wide range of generous support that is only possible as a team (BTC organization) that combines the largest business, technology, and creative teams specializing in new businesses. I am.
Early Works aims for blockchain to be used in various scenes in society, and aims to solve the problem of slow processing speed, which was a major bottleneck with conventional blockchain, and develop blockchain for enterprises. We offer GLS, a proprietary blockchain technology platform that is equipped with optimal processing speeds of less than 0.2 seconds and controllable and easy-to-use operational functions. We provide blockchain solutions not only for Web2 services owned by various companies, but also for Web3 services and products.
In addition, we are one of the few leaders in blockchain development in the world, providing proposals and plans for new businesses that utilize blockchain technology, which has attracted attention in recent years, and the development of associated systems, operations after the start of service provision, third-party verification, and marketing. As a company, we were listed on the U.S. NASDAQ market in July 2023. In the future, as a blockchain total solution provider originating from Japan, we will further maximize the potential of blockchain technology and vigorously promote its social implementation.
Through this partnership, Relic’s organizational capabilities and know-how for all phases/all areas of new business development, and Early Works’ business development assets that utilize blockchain technology, will be linked to create a new business that utilizes blockchain technology. We will jointly support business development.
■Joint business development support with DUALii x GLS
In new business development in this era of high uncertainty and rapid change, also known as the VUCA era, it is necessary to speedily test hypotheses and repeatedly solve and improve business issues based on real reactions and feedback from customers and users. Process is essential. However, the reality is that when large companies try to launch new businesses into the world, they are unable to appropriately promote the above process on their own due to various reasons and constraints. As a result, many new businesses being considered by large companies have problems such as “slow business development speed,” “being forced to withdraw and not being able to
commercialize,” and “not being able to grow significantly even if commercialized,” and “risk of brand damage.” They face multiple issues such as “too large” and “indirect costs such as in-house procedures that arise when expanding business into new fields are too large.”
Relic offers DUALii as a solution to the problems faced by large companies such as those mentioned above. In DUALii, in order to fully commercialize the business after hypothesis verification, Relic will act as the operating entity to start the business, and in terms of organizational design and financing, we will create a flexible and optimal scheme and operation according to the business phase and business content. You can build a system.
By combining DUALii with GLS, which has the technical characteristics of blockchain and has high processing performance, it will be possible to realize a new business model that utilizes cutting-edge Web3 technology with a flexible system and high technical capabilities. ■Partnership example
・Joint support for new business development by organically combining the services of both companies (DUALii x GLS)
・System collaboration between services and products of both companies ・Joint development of new business development support solutions/products ■About the incubation partner platform “DUALii”
DUALii is an incubation partner platform that can solve the problems and problems faced by large companies and build the optimal
co-creation system for each company with flexible engagement schemes and various exit strategies. At DUALii, in addition to business planning, hypothesis verification, and product and service development that are necessary when launching a new business into the world, we also promote a series of processes such as marketing, sales/customer management, maintenance operations, growth, and customer success. Relic takes on the roles and responsibilities of a major business provider and functions in place of a large company. This makes it possible to create unprecedented, groundbreaking businesses that combine the ideas and assets of large companies with the mobility and execution capabilities of venture and startup companies.
Incubation partner platform “DUALii” official website
https://relic.co.jp/services/dualii/
■About our unique blockchain platform technology GLS (Grid Ledger System) GLS was independently developed to solve all blockchain issues. A blockchain protocol. We analyze a large number of blockchains, review the design from the consensus algorithm, and combine the requirements necessary for enterprise layer companies to provide services, providing the truly necessary functions for blockchain business to penetrate the world. .
It has high processing power like a database, is easy to introduce, highly customizable, and also has the tamper resistance that is a feature of blockchain, as well as convenience.
* -Main features of GLS-*
・Ultra-fast throughput with transactions approved within 0.2 seconds ・Providing high TPS using parallel processing that can withstand even large-scale systems
・Achieves kill switch, finality, and high interoperability with other applications that general blockchains do not have.
・It is possible to introduce security measures including
accessibility, etc. used in database systems.
・Does not require virtual currency for transaction processing and can be applied to practical business applications
https://gls.e-arly.works/ja/new-business
*1 Blockchain market forecast until 2030 Global Information Co., Ltd. (
https://www.gii.co.jp/report/smrc1308673-blockchain-market-forecasts-global-analysis-by.html )
*2 Future trends of blockchain xenoBrain (AI-based prediction of market size until 2028)
https://service.xenobrain.jp/forecastresults/market-size/blockchain)
■Early Works Co., Ltd. Company Profile
Company name: Early Works Co., Ltd.
Location: 3F, MR Building, 5-7-11 Ueno, Taito-ku, Tokyo
Representative: Representative Director and CEO Hijiri Kobayashi Business details: Next-generation blockchain GLS (Grid Ledger System) independently designed and developed
and provision of system solutions using blockchain
Establishment date: May 2018
Corporate site: https://e-arly.works/
Early Works is a creative group that takes on new challenges with the main theme being areas that are being updated to the next generation, such as “DX”, “NFT”, and “Metaverse”. Specifically, we are a company that creates and continues to provide businesses that will become the next generation’s infrastructure, with the mission of “developing the future” based on blockchain technology.
While ordinary blockchain companies only develop blockchain systems or services using existing blockchains, we have developed an
independently developed blockchain, GLS (Glid), which boasts the industry’s highest level of processing speed.
Ledger System), we are developing a variety of businesses in both BtoC and BtoB. Relic Co., Ltd.
Company name: Relic Co., Ltd.
Representative: Takao Kitajima, Representative Director and CEO Head office location: 19F Ebisu Garden Place Tower, 4-20-3 Ebisu, Shibuya-ku, Tokyo
Established: August 2015
Business content: Incubation tech business, business production/new business development support business, open innovation business Corporate site: https://relic.co.jp
Business details: https://relic.co.jp/services/
Relic is a “business co-creation company” that supports Japanese companies’ new business development and innovation creation. The “Incubation Tech Business” provides a SaaS platform specializing in new business development that is unique in the world, and the “Business Production/New Business Development Support Business” provides comprehensive and integrated support for the creation of new businesses and innovation. We have been integrally developing three pillars of business: the “Open Innovation Business,” which co-creates innovation through investments in startup companies and joint ventures/JVs with large companies.
Throughout the eight years since our founding, we have been involved in the development of over 20,000 new businesses in 4,000 companies, and we have unique value and significance in the field of co-creation and support for new businesses and innovation, as well as being among the top in the industry. We are a leading company that has achieved scale and growth.
We are expanding the number of employees, locations, and group companies, and are currently actively recruiting for both business and development positions. For more information, please visit the Relic recruitment site.
-Relic recruitment site-
https://relic.co.jp/recruit/
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