Earlyworks and ZenmuTech collaborate for a more secure digital society through secret splitting and blockchain

Core Viewpoint - Earlyworks Co., Ltd. and ZenmuTech, Inc. have partnered to enhance data security and management through innovative blockchain and secret splitting technologies, aiming to create a secure digital environment for users [1][4]. Collaboration Background - Earlyworks' Grid Ledger System (GLS) offers a processing speed of less than 0.2 seconds, addressing the slow processing issues of traditional blockchains, making it suitable for enterprise applications [2]. - ZenmuTech's secret splitting technology, AONT, divides data into fragments that are stored in various locations, preventing data recovery if any fragment is missing, thus enhancing security [3]. Objectives of Collaboration - The collaboration aims to leverage GLS for secure management of diverse content types, including text, images, videos, and music, allowing content creators to protect their work [5]. - The integration of SDKs from both companies is expected to enhance security and reliability, enabling customers to manage their data confidently [6]. - The combination of secret splitting and blockchain technology is anticipated to set a new standard for data protection, reducing risks of information leakage and tampering [7]. Market Potential - The global blockchain market is projected to grow from approximately $10.6 billion in 2023 to $404.1 billion by 2030, indicating a 38-fold increase over seven years [8]. - The Japanese blockchain market is expected to reach 142.7 billion JPY in 2023, representing about 10% of the global market size [9]. Regulatory Environment - Japan's government has initiated policies to promote Web3.0 technologies, including blockchain, to realize a digital society, although actual business applications of blockchain remain limited [10].