“TradeWaltz™”, trade-related information-sharing platform The number of commercial user companies increased by 20 in 2 months, reaching a total of 60 companies. -Since the release of its commercial version in April 2021, the user of TradeWaltz™ in Japanese market has been increasing. –

　TradeWaltz Inc. (hereinafter referred to as “TradeWaltz”) is pleased to announce that the number of domestic companies that have started using the commercial version of its trade information-sharing platform, “TradeWaltz™”, reached 60 as of May 16, 2023. Including certified users (overseas companies), the total number of companies reached 90 (number of companies registered in the company master).

■21 new commercial users joined within 2 months　
　TradeWaltz published a press release, mentioning that since the release of the commercial version of TradeWaltz last April, 41 companies started using the service by March 28 this year. (https://www.tradewaltz.com/en/news/1216/) 
　In two months since then, 13 new domestic trading companies/manufacturers and 8 FWD/shipping companies have started using the service, bringing the total number of TradeWaltz’s users to 62 as of May 16, 2012.
　We have received more than 2,000 inquiries about TradeWaltz, and among them, some are about TradeWaltz’s users. Below is a list of corporations currently using the commercial version.

The list of domestic corporate users (in Japanese alphabetical order)

　TradeWaltz is a trade platform that enables to centralize and manage electronic data and share them among tr stakeholders of trade industry, such as trading companies, manufacturers, banks, insurance companies, and logistics companies. By utilizing blockchain technology, which is difficult to falsify information, trade transactions are fully digitized under a high level of security. As a result, many companies have introduced the system, and the network effect of users will be increased as the number of connected parties increases. Then, there is an advantage of being able to link trade information among user companies electronically, easily, and at low cost. The following are some examples of current use.

■ Customer Case Studies and Feedbacks (Mitsubishi Corporation Fashion)
　Mitsubishi Corporation Fashion Co., Ltd. (hereinafter Mitsubishi Corporation Fashion) became the first company in the apparel industry to begin using a trial version of TradeWaltz in January 2022, and started using the commercial version in April 2022. We have been using TradeWaltz to manage the progress of trade procedures with overseas companies and logistics departments in import process. With a huge volume of trade documents coming in, all the staff members in charge of the trade operation follows the process displayed on TradeWaltz, which has enabled them to carry out standardized work without hesitation, and the visualization of progress and other tasks has been highly evaluated.

　Mr. Isogawa, Mitsubishi Corporation Fashion, Excective general manager administration division A＆General manager business operation controls department , commented, “In the apparel industry, we deal with various accessories of clothing, so many procedures are required, and there is a wide range of business partners due to the complex distribution process. We can increase more operational efficiency if we digitalize the trade procedure such as sending contract, shipping documents and customs clearances and B/L. Further operational efficiency can be expected if the contracting, shipping, sending of customs clearance documents, and bill of lading procedures are computerized.

■Open Call for Subsidies for Trade and Investment Promotion Projects(only for Japanese companies)
　The Ministry of Economy, Trade and Industry (METI) is currently announcing a public call for subsidy measures to promote trade platform coordination and utilization by trade practitioners (https://www.tradewaltz.com/news/4895/).
　With the aim of increasing the efficiency of trade procedures, reducing costs, and promoting trade by expanding the use of trade platforms, the subsidies will cover a portion of the costs associated with building linkages between trade platforms and the internal systems of the companies that use them. Companies that are considering implementing TradeWaltz in the future are encouraged to consider applying.
　Application period: Monday, April 17, 2023 to Friday, May 19, 2023 (must arrive no later than 12:00 p.m.)

■Release status and schedules of functions available in the commercial version
　Basic procedure of export/import/ tri-national trade (except eBL, request/negotiation of LC Issuance, insurance application or prior compliance check) can be handled within TradeWaltz.

【Comments from stakeholders】
(user company of commercial version of TradeWaltz) Masaya Hioki, Mitsubishi Corporation Fashion,Manager,Logistics Team, Business Management Control Department
TradeWaltz has been an effective tool not only for streamlining operations such the exchange of trade information and the visualization of progress but also for the “training” of trade professionals and the “handover” of in-house trade operations, and we feel that these are byproduct.

Satoru Someya, TradeWaltz Inc, Managing Director, COO, CMO, Head of Marketing & Sales Dept. and Head of Global & Alliance Business Dept
We are deeply grateful to have a participation of more than 20 companies that have signed up to use our service in a month and a half since March 29 this year.
We will continue to focus on increasing the number of users by receiving referrals from many of you, as a service like TradeWaltz is a platform whose benefits grow as the number of users equals people with whom information is linked.

■About TradeWaltz Inc.
Name:                 TradeWaltz Inc.
Representative: President & CEO Hirohisa Kojima
Office:                 KASUMIGASEKI BUILDING 36F WORKSTYLING, 3-2-5
　　　　　　　　 Kasumigaseki, Chiyoda-ku, Tokyo 100-6036
Established:       April 2020
Main Business:   Provision of the SaaS*² of “TradeWaltz,” a trade-related information-sharing platform using blockchain
Number of Employees:  56 (full-time)            
Website:               https://www.tradewaltz.com
Shareholders:     NTT DATA Corporation
　　　　　　　     Toyota Tsusho Corporation
　　　　　　　     UTokyo Innovation Platform Co., Ltd.
                             Mitsubishi Corporation
　　　　　　　     TW Link Corporation
                             Tokio Marine & Nichido Fire Insurance Co., Ltd.
                             Toyoshima & Co., Ltd.
　　　　　　　     Kamigumi Co., Ltd.
　　　　　　　     FUJITRANS CORPORATION
                             MITSUI-SOKO HOLDINGS Co., Ltd.
                             NISSIN CORPORATION
                             MUFG Bank, Ltd.
                             Marubeni Corporation
                             Mitsubishi Logistics Corporation
                             Sompo Japan Insurance Inc.  
*1 “TradeWaltz™” is a registered trademark of TradeWaltz Inc. in Japan 
   　Other product names, company names, and organization names are the trademarks or registered trademarks of each company.
*2 Abbreviation of “Software as a Service,” a mechanism by which users can use necessary software functions via the Internet.