Trade Ecosystem
- Trade Ecosystem
Toward an Open and Global Trade Ecosystem
International trade is a highly complicated system that involves many different types of participants and as such, is considered impossible to digitalize with existing technologies. Using blockchain technology, we are building a new platform, “TradeWaltz®”, that will enable all participants to share information and deliver new value to all users.
From Paper to Smart Data
Ensuring data transparency and traceability
TradeWaltz® does not merely digitize trade documents. It allows users to share unfalsifiable, unique pieces of information on a global scale by electronically storing substantiating documentation of trade operations in distributed ledgers. Also, by transforming trade documents into smart data, it ensures the authenticity of digital documents and enables advanced levels of data application such as smooth information flow between corporate systems and anti-money laundering measures.
Even More Authenticity than Paper
Tamper resistance and irreversibility of data
With the development of the global IT environment in recent years, people have made numerous attempts to replace paper documents with electronic data, but various limitations have prevented verification of functional equivalence. Blockchain technology enables the global sharing of unique and unfalsifiable original data.
Our new platform, TradeWaltz®, ensures the authenticity of the “digital original,” which is safe and secure from both a legal and technical perspective.
Operational Readiness via an Interactive Platform
Information-sharing and management directly by participants
TradeWaltz® creates a platform that ensures standardized and accurate data sharing, no matter who you are or where you are. This platform reduces cumbersome procedures and makes logistics more interactive. We provide a platform that maximizes the efficiency and convenience of administrative procedures by eliminating multiple data entry and human errors in data transcription.
Trade Platform “TradeWaltz®“
Benefits of TradeWaltz®
EXPORTER / IMPORTER
- Reduce document preparation and cross-checking workload
- Prevent bill of lading (B/L) crises
- Cut lead time and mailing costs
- Reduce the risk of document loss, theft, and tampering
- Reduce demurrage (charges for extended freight storage)
- Get traceable, real-time shipment statuses and ETAs
CARRIERS
- Simplify B/L and SWB (seaway bill) preparation and improve data accuracy
- Cut lead time and mailing costs
- Reduce the risk of document loss, theft, and tampering
- Creation of new added value such as visualization of logistical status
- Reliable response to rapidly changing trade compliance
BANKS
- Simple and accurate letter of credit (L/C) issuance and reduced cross-checking
- Cut lead time and mailing costs
- Reduce the risk of document loss, theft, and tampering
- Introduce new financial services using the trade platform
INSURERS
- Simplify document preparation, streamline operations, and increase data accuracy
- Cut lead time and mailing costs
- Reduce the risk of document loss, theft, and tampering
- Mitigate double payment risk
CUSTOMS /
REGULATORS
- Increase transparency by ensuring originality and authenticity with digitized trade documents
- Sophisticate the screening process using relevant application information (invoices, etc.)