TradeWalz Joins The Japan Committee of the International Chamber of Commerce (ICC), UN CEFACT Japan, and The Pan-Asian E-commerce Alliance (PAA).
2021 August 3
We are pleased to announce that TradeWaltz inc. (President: Hirohisa Kojima) has joined as a full member of the International Chamber of Commerce (ICC) Japan Committee and the United Nations Centre for Trade Facilitation and e-Business (CEFACT) Japan Committee, as well as the PAA (Pan-Asian E-commerce Alliance) as an associate member.
Currently, in trade between countries overseas, analog paperwork remains standard around the world, resulting in low efficiency and discouraging remote work. For TradeWaltz Inc. to break through this situation and fully digitalize trade practices, it is necessary to develop technology and establish international standard rules for trade and work with other countries.
To address these activities, TradeWaltz Inc. joined the Japan Trade Council in February, followed by the ICC Japan Committee and PAA in June, and the UN CEFACT Japan Committee in July. We will continue to work in step with international organizations and national platforms.
■ About the Japan Committee of the International Chamber of Commerce (ICC)
ICC is an organization that aims to contribute to the further development of the market economy system based on the principle of free and fair competition among businesses. The ICC was established in October 1919 and currently is composed of national committees in more than 130 countries, as well as companies and organizations that are direct members of the group. In Japan, the ICC Japan Committee (Tokyo, 112 member companies/organizations and individuals) exists.
Last year, the Digital Standard Initiative (DSI) was launched by ICC’s Singapore hub with the aim of creating digital standards for trade processes. TradeWaltz Inc. plans to develop activities in cooperation with DSI. (https://www.dsi.iccwbo.org/)
■ About PAA(Pan-Asian E-commerce Alliance)
An alliance organization composed of national trade and customs system operators in Asian countries. It promotes business-to-business (B2B) data connectivity and communication on a global basis, enabling a world where trade documents are exchanged securely and reliably. Currently, the Alliance is working to promote trade facilitation through electronic and paperless procedures within the Asian region, through a series of demonstrations of mutual exchanges of certified digital certificates of origin among member countries, such as New Zealand and Taiwan. (https://paa.net/)
Through this alliance, TradeWaltz Inc. intends to increase contacts with platformers in New Zealand, Taiwan, and other countries, understand the contents of digital certificate collaboration demonstrations, and enhance value-added services in collaboration with other countries.
■ About the Japan Committee of the United Nations Centre for Trade Facilitation and Electronic Business (CEFACT)
UN CEFACT is a United Nations organization established to simplify trade procedures, promote e-business, and establish global policies and technical specifications for them. It is promoted in cooperation with the WCO, OECD, ICC, and other organizations. Each participating country has its own committee of experts from the public and private sectors. TradeWaltz Inc. has decided to join the Japan committee.
TradeWaltz Inc. has already designed a data item system that can be converted to UN CEFACT, but we will be quick to grasp and respond to future updates of common terminology. We will dispatch our director, Mr. Someya, to the UN CEFACT Japan Committee as a member.
■ About TradeWaltz Inc.
TradeWaltz is a start-up company that began operations in November 2020 with investments from seven companies: NTT DATA Corporation, Mitsubishi Corporation, Toyota Tsusho Corporation, Tokio Marine & Nichido Fire Insurance Co., MUFG Bank, Ltd., and Kanematsu Corporation. It has developed TradeWaltz®*1, a trading-related information-sharing platform that employs blockchain, which has a data structure that is difficult to tamper with. In addition to participating in the Cabinet Office’s Council for Promoting Regulatory Reform in the area of legal development, the company is continuing to propose initiatives to bring global trade closer to the “trade of the future” with more digital trading, such as the inclusion of “electronic bills of lading” in the Cabinet Office’s “Regulatory Reform Implementation Plan” in June 2021, which was requested by the company.
■ Corporate information
Company Name TradeWaltz Inc.
Representative Hirohisa Kojima, President & CEO
Headquarters 2F, Marunouchi Nijubashi Building,
2-2 Marunouchi 3-Chome, Chiyoda-ku, Tokyo 100-0005, Japan
Date Established April 2020
Main Operations Delivery of the TradeWaltz® (*1) SaaS(*2), a trading-related
information-sharing platform built with blockchain technology
（*1）「TradeWaltz」is a registered trademark in Japan of TradeWaltz Inc. Any other names of products, companies, groups, etc., are names and registered trademarks of their own.
（*2）SaaS stands for Software as a Service. It is a model that makes software available for use over the Internet.
Please direct all inquiries regarding this announcement to TradeWaltz Inc. CEO’s Office
Rep: Someya and Saito
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