Trade Waltz Co., Ltd.
At the “Trade DX Symposium” attached to the APEC summit, we announced that TradeWaltz succeeded in connecting the system with the trade platforms of Thailand, Singapore, Australia, and New Zealand and demonstrating collaboration with Thailand.
TradeWaltz Co., Ltd. (President: Hirohisa Kojima, hereinafter: TradeWaltz), which operates the TradeWaltz trade information collaboration platform (hereafter: trade PF), announced at the APEC New Zealand Conference last year, and will be announced by the Ministry of Economy, Trade and Industry in April 2022.
Japan-Thailand-Singapore-Australia-New Zealand, which was adopted as the “Indo-Pacific supply chain resilience project”, system connection between the five countries’ trade PFs, and a country that uses the same data as actual transactions, including users with Thailand. We succeeded in demonstrating crossover structured data linkage. It is the first time in the world that 5 countries have all at once linked cross-industry B2B platforms of each country that are based on blockchain technology and have high reliability.
We would like to report that we announced this matter at the “Trade DX Symposium” attached to the APEC 2022 Thailand Summit on November 16th. [Image 1
(Reference) https://www.thaipr.net/en/business_en/3268102 (Press release announced in Thailand)
■ Aiming for complete computerization of cross-border trade
In the trade business that accompanies the flow of all kinds of goods, a large number of analog procedures occur in the transaction process, and manual document creation and consistency confirmation work are costly. In addition, multiple parties are involved in transactions, and creating a system for more accurate and safe information transfer is a common issue that transcends industry and country boundaries.
TradeWaltz is a company that operates “TradeWaltz”, a trade PF that utilizes blockchain technology, in order to fully digitize
communication between industries and countries. Past demonstrations have proven that 44% of the time and cost of cross-industry and cross-country trade procedures can be streamlined by utilizing TradeWaltz. Efforts for trade PFs are underway not only in Japan, but also in countries around the world. (referred to as trade PF interoperability) has been expected to further improve operational efficiency by more than 44%.
TradeWaltz announced at the APEC 2021 New Zealand conference last year a plan to connect the four countries with trade PFs that have cross-industry characteristics: Thailand, Singapore, Australia, and New Zealand, and to exchange information. , has been developing for one year as the Ministry of Economy, Trade and Industry’s
“Indo-Pacific Supply Chain Resilient Project”.
■As of November 18, connection between trade PFs in 5 countries has been successfully established, and in Thailand, verification of collaboration with users has been completed.
The NDTP of the Thailand trade PF is a detailed structured data level such as “quantity” and “arrival” that can be used as it is in the trade procedure of the partner country. A system test confirmed that the API connection was successful at the level of simple data with some item data added, and that electronic information could be exchanged between trade PFs.
Of these, six demonstration users (Toyota Tsusho-Toyota Tsusho Thailand, Mitsubishi Corporation-Thai seafood processing company Unicord, Mitsubishi Corporation Plastics-Thai state oil company chemical PTTGC), a product subsidiary, conducted a collaboration demonstration in which structured data of trade documents such as Purchase Orders, Invoices, and Packing Lists were exchanged between trade PFs while actually operating the screen.
[Video 2: https://prtimes.jp/api/movieim.php?url=www.youtube.com/watch?v=vIjcKyDlmAA] (Reference) Introductory video of demonstration details:
■ Demonstration results with Thailand NDTP
1. Suggested operational efficiency improvement of 60% or more in information sharing between Japan and Thailand
In this demonstration, there are mainly two processes of 1.
Sending/receiving Purchase Order and 2. Sending/receiving shipping documents (Invoice, Packing List, etc.). After conducting a
demonstration and comparing the work time, it was found that the data input / sending and data confirmation time on the receiving side were shortened, leading to an improvement in work efficiency of more than 60% and the promotion of remote work.
PTTGC, one of the participating companies, was very enthusiastic about participating in the PoC, and it was suggested that the scope of use would be expanded in the future. We received positive feedback such as, “I would like to expand to more transactions by doing business with Thai companies.”
2. Successful linking of electronic Certification of Origin (eCO) data with Thailand
In conjunction with the above demonstration, Toyota Tsusho-Toyota Tsusho (Thailand) Co., Ltd. converted the structured data “Electronic Certificate of Origin (eCO)” issued by the Chamber of Commerce and Industry, which can be reused in the partner country, into PDF format and sent it between TradeWaltz and NDTP. We also confirmed that we could successfully link to the Thai trade PF “NDTP” by sending it as an attachment to the linked process.
In the future, we are considering and developing 1. System connection between the system of the Chamber of Commerce and Industry and TradeWaltz, 2. After expanding the data structure of NDTP so that it can receive eCO, add it to the linked data between TradeWaltz and NDTP, 3. Once the collaboration between NDTP and Thai customs is realized, eCO will be integrated from Japan to Thailand, and the application and utilization of economic partnership agreements (EPAs, etc.) between the two countries will be efficiently promoted without omission. I think we can.
3. Efforts to visualize logistics CO2 emissions (GHG protocol SCOPE3) for a decarbonized society
In this demonstration, we will utilize the commercial distribution of Toyota Tsusho and Toyota Tsusho (Thailand) Co., Ltd., and visualize CO2 emissions in logistics with the knowledge of international logistics possessed by our partner (Mitsui-Soko Holdings Co., Ltd.) in order to promote decarbonized management. We also conducted a collaboration demonstration.
Specifically, the information recorded on TradeWaltz, such as the port of departure and arrival between Japan and Thailand (port of export and port of import) and transport weight, will be incorporated into the logistics CO2 emissions calculation system of Mitsui-Soko SustainaLink, which will be called GLEC Framework” emissions coefficients were used to calculate CO2 emissions for each relevant transportation unit using the ton-kilometer method (*).
*CO2 emissions (tCO2) = Transportation weight (tons) x Transportation distance (km) x Emission factor (tCO2/ton-kilometer)
The calculation results were displayed on a dashboard in cooperation with another partner (Zeroboard Co., Ltd.), a cloud service for calculating and visualizing GHG emissions, “zeroboard”.
A series of demonstration details and results were announced at the “Digital Trade Transformation Symposium” held on November 16 as an accompanying event to the APEC summit meeting. Thai NDTP speakers Mr. Parnkae and Mr. TradeWaltz Someya said that they will proceed to consider commercialization for use by users in the field.
Kobsak Duangdee, Head of NDTP Project of JSCCIB
“We are very pleased to have successfully completed the POC between TradeWaltz and NDTP. This wouldn’t have happened without the strong collaboration between two teams and strong support by TradeWaltz who is more advanced on platform development and services. The
collaboration didn’t just begin this year but it has been since 2019 when NTT Data arranged for us to run a trial using the platform then. With some additional enhancements and broadened scope to the level efficiency improvement is widely realized, we believe this digital connectivity will be a key factor for incremental trade volume. With more countries joining the digital trade connectivity network, incremental volume is not only between our two countries but also our regional trade.”
Trade Waltz General Manager of CEO Office and General Manager of Global & Alliance Business Headquarters Satoru Someya
“I would like to express my gratitude to all those who have supported the system connection between the trade PFs of the five APEC member countries and the Thailand collaboration demonstration. We will strengthen our efforts to become a world-leading example where trade between the two countries can be exchanged completely electronically. Participation suggests that consideration of future utilization will progress, and the Japanese side is also considering expanding the use of trade PF, and there is a possibility that commercialization will progress quickly, so Japanese companies that wish to participate in commercialization are welcome. Please contact us.We plan to conduct joint demonstrations with users from Singapore, Australia, and New Zealand in the future.”
Toyota Tsusho Corp. CSKO Executive Officer Akinori Saito
“We are very pleased to have contributed to the demonstration experiment using our company’s transactions regarding digital cooperation related to trade between Japan and Thailand. Our goal is to create a convenient digital environment for everyone in the industry. I look forward to continuing to work with you in the future.”
Mitsui-Soko Holdings Co., Ltd. President Hirofumi Koga
“We are very pleased that the Mitsui-Soko SustainaLink developed and operated by our group demonstrated its usefulness in this
demonstration test and contributed to the promotion of efforts to visualize CO2 emissions. We will continue to contribute to the realization of a decarbonized society by promoting the visualization of CO2 emissions and the efficiency and optimization of actual logistics through various co-creations, utilizing our extensive expertise in logistics and the collective strength of the Group. . ” Zero Board Co., Ltd. Business Development Manager Taiji Ono
“We are very pleased to have been able to work with you on the visualization of CO2 emissions in logistics between Japan and Thailand in the ASEAN region, where decarbonization efforts are expected to accelerate in the future. Our GHG emissions calculation and
visualization solution Through zeroboard and zeroboard logistics (under development), which specializes in the logistics industry, we would like to continue contributing to decarbonization efforts in international logistics.”
■ About Trade Waltz
Trade name: Trade Waltz Co., Ltd.
Representative: Hirohisa Kojima, President and Representative Director Location: WORKSTYLING, 36th floor, Kasumigaseki Building, 3-2-5 Kasumigaseki, Chiyoda-ku, Tokyo 100-6036
Established: April 2020
Business description: SaaS (Note 2) provision of “TradeWaltz (Note 1)” trade information collaboration platform utilizing blockchain Number of staff: 45 full-time
Shareholder list: NTT DATA Corporation
Toyota Tsusho Corporation
The University of Tokyo Collaborative Creation Platform Development Co., Ltd.
TW Link Co., Ltd.
Tokio Marine & Nichido Fire Insurance Co., Ltd.
Toyoshima Co., Ltd.
Kamigumi Co., Ltd.
Fujitrans Corporation Co., Ltd.
Mitsui-Soko Holdings Co., Ltd.
Nissin Co., Ltd.
Mitsubishi UFJ Bank, Ltd.
Mitsubishi Warehouse Co., Ltd.
Sompo Japan Insurance Inc.
Initiatives for SDGs: Our service mainly promotes initiatives on themes 8, 9, 12, 13, 15, and 17.
(Note 1) “TradeWaltz” is a registered trademark of TradeWaltz Co., Ltd. in Japan.
Other product names, company names, and organization names are trademarks or registered trademarks of their respective companies. (Note 2) An abbreviation for Software as a Service, a system that allows users to use necessary software functions via the Internet.
[Table 2: https://prtimes.jp/data/corp/69451/table/69_1_4d4c90ebd4e44271e3c5a1f0a2feb59d.jpg ]
Details about this release: