Earlyworks Co., Ltd. Enters Into Memorandum Of Understanding With Pole To Win Vietnam To Access Blockchain Quality Assurance Market
Portfolio Pulse from Benzinga Newsdesk
Earlyworks Co., Ltd. (NASDAQ:ELWS) has signed an MOU with Pole to Win Vietnam to form an alliance leveraging Earlyworks' private blockchain technology, Grid Ledger System (GLS), to provide blockchain quality assurance services. The alliance aims to offer low-cost verification solutions to the Web 3.0 industry, addressing the high costs and resource pressures of in-house verification. Earlyworks' CEO, Satoshi Kobayashi, sees this as a cornerstone for expansion in the quality assurance market and a means to improve blockchain product standards.

November 20, 2023 | 1:14 pm
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Earlyworks Co., Ltd. enters into a strategic alliance with Pole to Win Vietnam to provide blockchain quality assurance services, aiming to reduce verification costs and improve standards for Web 3.0 companies.
The MOU with PTW-V positions Earlyworks to potentially capture a significant share of the blockchain quality assurance market, which is likely to grow as Web 3.0 technologies advance. The partnership could lead to increased demand for Earlyworks' services, potentially boosting the company's revenue and market presence. The news is directly related to Earlyworks' core business and strategic expansion, making it highly relevant and important to investors. The positive impact on the stock price is likely, assuming the alliance leads to successful market penetration and revenue growth.
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