[Legaltech Co., Ltd.] Legaltech Co., Ltd. supports the sharing of product design data, development, and regulatory compliance documents using “Legaltech VDR Transportation Equipment”
*Legal Tech Co., Ltd.*
Press release: August 20, 2024
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Legaltech helps share product design data, development and regulatory compliance documentation with Legaltech VDR Transportation Equipment *～Utilize VDR to succeed in business contracts and supplier data management～* Legaltech VDR Transportation Equipment
Support services for domestic and overseas litigation, intellectual property platform “Tokkyo.Ai”, blockchain-based electronic contract platform “Keiyaku”
Legal Tech Co., Ltd. (Headquarters: Tokyo Miyakominato Ward, Representative Director and President
Takahito Sasaki
Legaltech VDR is a solution that helps transportation equipment companies share product design and development documents and achieve success with regulatory compliance documentation, trade contracts, and supplier data management.
We have started providing transportation equipment.
Legaltech VDR transportation equipment screen
* ■Past successes and future challenges in Japan’s transportation equipment industry*
Below is a summary of past successes and future challenges in Japan’s transportation equipment industry.
[Past success]
1. High quality and reliability
Japan’s transportation equipment industry has been recognized worldwide for its high quality and reliability, especially in automobiles and railways. Japanese automakers have world-class technology and processes for quality control, and have expanded their global market share. The trust placed in Japanese products, such as their high durability and low failure rate, contributed to the establishment of the brand and market expansion.
2. Technological innovation and improvement of production efficiency Japan’s transportation equipment industry has achieved improvements in production efficiency through technological innovation. In particular, production control technologies such as the Toyota Production System (just-in-time system) have spread throughout the manufacturing industry and have been introduced worldwide as a method for achieving both cost reduction and high quality. This has made Japan’s
transportation equipment industry more competitive in the world market.
3. Global expansion
Since the 1980s, Japanese transportation equipment manufacturers have aggressively expanded into overseas markets. By establishing local factories in America, Europe, Asia, etc. and promoting local production, we have been able to alleviate trade friction, reduce costs, and respond quickly to local markets. This global expansion has contributed to expanding market share in countries around the world.
4. Pioneer of eco-car technology
Japan’s transportation equipment industry has also demonstrated leadership in environmental technology. In particular, Toyota’s Prius, which was the first in the world to develop hybrid car technology, achieved worldwide success as an eco-car with low fuel consumption and low emissions. This success has spurred the development of
environmental technology throughout the industry.
[Future challenges]
1. Complying with environmental regulations and decarbonization In the future, Japan’s transportation equipment industry will need to respond to increasingly strict environmental regulations. While progressing with the development of electric vehicles (EVs) and fuel cell vehicles (FCVs), efforts are required to achieve carbon neutrality in all industries. This requires accelerating technology development and decarbonizing the entire supply chain.
2. Digitalization and connected technology
With the advancement of digital technologies such as self-driving cars and connected cars, IT and software technology will become important in the development and manufacturing of transportation equipment. The automobile industry is required to respond to new technological areas such as vehicle data management and collaboration with communication infrastructure, and digitization is an urgent need to maintain competitiveness.
3. Competing in the global market
Japanese transportation equipment manufacturers still face competition in the global market. In particular, companies in China and South Korea are rapidly improving their technological capabilities and expanding their market share, which requires further innovation and market development. In addition, U.S.-China trade friction and geopolitical risks will also become issues for future global strategy.
4. Talent shortage and technology inheritance
With the declining birthrate and aging population, skilled workers are increasingly retiring, and passing on skills has become an issue. It is necessary to develop young engineers and respond to new ways of working. In addition, securing human resources who are familiar with next-generation technologies (AI, IoT, big data, etc.) is also an important issue.
5. Strengthening the supply chain
Supply chain disruptions caused by the pandemic and natural disasters have had a major impact on the manufacturing industry. In the future, risk management and resilience of the supply chain will be required, and the challenge will be to ensure production stability through this.
By meeting these challenges, Japan’s transportation equipment industry will be able to achieve sustainable growth and remain competitive in the global market.
* ■Various issues faced by Japan’s transportation equipment industry* The challenges facing Japan’s transportation equipment industry are summarized below.
1. Intensifying global competition
Japan’s transportation equipment industry is facing intensifying competition in the global market, especially in automobile and aircraft manufacturing. With the rise of manufacturers from emerging countries and increasing pressure from competing countries such as China and South Korea, price competition and technological innovation are required.
2. Strengthening of environmental regulations
As environmental awareness increases, exhaust gas regulations and fuel efficiency standards are becoming stricter in each country. In order to respond to this, there is a need for electrification (EV), the development of hybrid technology, and the use of lightweight materials, but the cost of technological development and capital investment has become an issue.
3. Technological innovation and digitalization
The industry is entering a period of major change due to advances in autonomous driving technology, connected cars, and electrification. In order to respond to this, it will be important to introduce software development, data management, and artificial intelligence (AI), but it will also be necessary to shift from conventional mechanical industry-centered technologies.
4. Supply chain complexity and risk management
As global supply chains become more complex, risks in parts supply and logistics are increasing. In particular, disruption to supply networks due to pandemics and geopolitical risks has become a serious issue, and risk management and supply chain resilience are required.
5. Human resource shortage and aging
The declining birthrate and aging population, which is an issue facing Japan as a whole, is also having an impact on the transportation equipment industry. In particular, the aging of skilled workers and the shortage of young engineers are serious issues, making technology inheritance and human resource development an urgent issue.
6. Review of cost structure
Cost structures are changing due to rising material and labor costs and increased investment in environmentally friendly technologies. In response, there is a need to introduce efficient production processes and reduce costs throughout the supply chain.
7. International regulatory compliance
Each country is required to comply with different safety and environmental regulations, and ensuring technological compatibility is an issue when expanding into the global market.
8. Responding to decarbonization
There is increasing pressure to realize a decarbonized society, and the introduction of low-carbon technologies, such as electrification and the use of hydrogen energy, is essential, especially in the automobile industry. This requires long-term technology development and significant capital.
In order to respond to these challenges, technological innovation and strategic management from a global perspective are required.
* ■Resolving issues with “Legaltech VDR transportation equipment” that allows secure sharing of transaction data*
Legaltech VDR (Virtual Data Room)
Transportation Equipment is a platform that helps securely manage and share data and can provide solutions to the challenges faced by Japan’s transportation equipment industry in several ways.
1. Increasing supply chain complexity and risk management
“Legal Tech VDR
By using “transportation equipment,” it is possible to safely and efficiently manage contracts and transaction information related to the supply chain. “Legal Tech VDR
Transportation Equipment allows you to tightly control access privileges, making it ideal for protecting sensitive supplier contracts and transaction documents. Additionally, real-time information sharing and audit logging capabilities improve
traceability and strengthen risk management.
2. Environmental regulations and compliance
In the transportation equipment industry, document management is critical to meeting environmental regulations. “Legal Tech VDR Transportation Equipment makes it easy to store, share, and audit documents related to environmental laws and regulations. For example, by centrally managing materials related to environmental assessments and exhaust gas regulations and quickly sharing them with relevant departments and external organizations, it is possible to ensure compliance and respond quickly.
3. Competing in the global market
“Legal Tech VDR
“Transportation equipment” is an essential tool in international transactions and M&A. In order to survive the competition in the global market, it is necessary to conduct transactions quickly and safely. “Legal Tech VDR
Transportation Equipment helps securely and efficiently share documents during contract negotiations and due diligence in
international transactions.
4. Digitization and data management
“Legal Tech VDR
“Transportation Equipment” can be used as a data management platform as part of the transportation equipment industry’s digitalization journey. Centrally manage confidential information and technical documents related to autonomous driving technology and connected cars, and strengthen access control and information leakage countermeasures. This enables the protection of intellectual property and the safe flow of technology.
5. Talent shortage and technology inheritance
“Legal Tech VDR
“Transportation Equipment” is also effective as an information management tool for technology inheritance. By digitizing, safely storing and sharing the know-how and technical documents of
experienced engineers, we support the efficient transfer of technology to young engineers. Also, “Legal Tech VDR
Information sharing within “Transportation Equipment” can be accessed from anywhere, making it compatible with remote work and collaboration with overseas bases.
6. Strengthening the supply chain
“Legal Tech VDR
By using “transportation equipment,” you can safely manage and access important contract information and supply chain data even in emergencies. This ensures you have the information to respond quickly and improves business continuity in the event of a natural disaster or pandemic.
Through these solutions, “Legaltech VDR Transportation Equipment” will contribute to resolving issues in Japan’s transportation equipment industry and support enhanced competitiveness.
* ■Functions of “Legaltech VDR transportation equipment”*
The specific features provided by “Legaltech VDR Transportation Equipment” are designed to effectively solve the challenges faced by the Japanese transportation equipment industry. Below are its main features and solutions for each challenge.
1. Advanced access control and user management
– Role-based access control:
Access privileges can be set in detail for each user. For example, you can set up folders and documents that are only accessible to specific project teams, ensuring sensitive information is better protected. VDR access control
– Two-factor authentication: Provides a secure login process and prevents unauthorized access.
VDR security features
Usage example:
Manage contracts and transaction information related to the supply chain so that only relevant parties can access them, and prevent information leaks.
2. Document encryption and security
– End-to-end encryption: Encrypt your documents from upload to download to prevent third parties from accessing them.
– Digital Watermarking: Automatically watermark documents when downloaded or printed to deter unauthorized use.
Usage example:
Ensure compliance by encrypting and managing documents related to environmental regulations and securely sharing them with external agencies.
3. Audit logs and traceability
– Real-time audit log: Records when documents were accessed, by whom, and what actions they took (views, downloads, etc.) and can be reviewed whenever needed.
– Report generation: Easily create reports for compliance and internal audits based on audit logs.
Usage example:
Track the actions of all parties involved and ensure transparency during the due diligence process in international transactions and M&A.
4. Securely share large amounts of data
– Drag and drop upload: Upload large amounts of documents at once. Save time and work more efficiently.
– Share by link: Generate secure sharing links to specific folders and files to easily share data with external parties.
Usage example:
Large volumes of data such as technical documents and design drawings can be securely shared with external partners and suppliers.
5. Cloud-based access and collaboration
– Cloud Access: Securely access your VDR from anywhere with an internet connection. Supports remote work and global projects. – Collaboration tools: Enable stakeholders to collaborate efficiently with on-document commenting and version control features.
Usage example:
Amid a shortage of human resources, experienced engineers can provide technical guidance to young engineers even remotely.
6. Document versioning and tracking
– Automatically save version history: Automatically save each version of your document and revert to previous versions at any time. – Change history tracking: Prevent editing mistakes and unintentional changes by keeping detailed track of who changed what, when, and what. VDR version control
Usage example:
In product development projects, we prevent mistakes by managing versions of blueprints and specifications and always sharing the latest information.
7. Automated compliance checks
– Set compliance rules: Automatically perform compliance checks on documents to reduce the risk of regulatory violations.
– Alert notification feature: Automatically alerts you when a document or action violates the rules.
Usage example:
When new environmental regulations or legal requirements are added, you can automatically scan relevant documents and take necessary actions quickly.
These capabilities allow Legaltech VDR to provide safe and efficient solutions to the various challenges faced by the Japanese
transportation equipment industry.
Examples of usage of Legaltech VDR transportation equipment
* ■What is VDR?*
VDR is “Virtual Data
“Room” is a SaaS (Software-as-a-Service) solution that uses the Internet to store sensitive data and share it with third parties. It has features such as notes, bookmarks, multi-factor authentication and digital watermarking. With no need for physical data storage and instant access from anywhere, it serves as a sharing tool for product design and development documents in the transportation industry. VDR is used for document management with suppliers in the transportation equipment industry.
*■Global VDR market will double to $1.6 billion in 2021 and $3.2 billion in 2026*
According to ResearchStation, the global VDR market will be worth $1.6 billion in 2021, but this is expected to double to $3.2 billion in 2026.
https://researchstation.jp/report/MAM/26/Virtual_Data_Room_2026_MAM2657.html
* ■Product overview*
Product name: “Legaltech VDR transportation equipment”
Availability start date: August 20, 2024
URL:
https://www.legaltechvdr.jp/notice/transportation/
* ■ Operating environment (browser) *
OS Browser
Microsoft Windows Google Chrome
Mac OS Google Chrome
* [About Legal Tech Co., Ltd.] *
Name: Legal Tech Co., Ltd. Representative: Takahito Sasaki
Established: June 2012
Location: 4F Toranomon 40MT Building, 5-13-1 Toranomon, Minato-ku, Tokyo Capital: 51 million yen
URL: https://www.LegalTech.co.jp/
Established in 2012 as a 100% subsidiary of AOS Technologies Co., Ltd., a long-established legal tech company founded in 1995. Established in . We have been providing e-discovery and forensic services since 2015.
In 2016, the 10th award was awarded for making a significant contribution to improving the lives of the people through technology for criminal investigation and corporate fraud verification. Received the “Minister of Economy, Trade and Industry Award” at the Japan New Business Creation Awards. In the future, LaaS (LegalTech as a Service) will become a full-fledged service in Japan.
Shifting efforts to blockchain authenticity determination system “HyperJ.ai”, next-generation electronic contract portal “Keiyaku.Ai”, legal portal “LegalSearch.jp”,
We will provide next-generation AI services that realize digital transformation, such as the intellectual property portal “Tokkyo.Ai”.