A. General Information
B. Lessons Learned
TradeWaltz is the cross-industries trade platform utilizing blockchain technology to streamline trade processes and digitize trade data across industries.
In international trade, B2B exchanges are still paper or PDF based, and a great deal of time is spent on retyping data and other manual work. This is a huge hassle in the covid situation.
Companies involved in trade can communicate with any connected players with TradeWaltz. As trade procedures are digitized and we no longer need papers.
TradeWaltz leverages blockchain technology to prevent the manipulation of its data, thus assuring the credibility of the information.
All documents and data are relevant to trade such as purchase orders, purchase/sales contracts, invoices, packing lists, insurance notes, etc.
TradeWaltz makes use of combination of distributed databases and blockchain. The data stored on the blockchain layer is hashed only.
The stakeholders in global trade always struggle with the fragmentation of the data between transactions, which requires time and manual efforts to complete the process.
Since various kinds of stakeholders are involved, it requires a lot of effort to gather and merge all requirements and then come up with one solution.
Trade practitioners do not need to gather in the office, and TradeWaltz user can have visibility on the status of inventory and logistics.
The Ministry of Economy, Trade and Industry of Japan (METI), ABeam Consulting Ltd., BC Cube Ltd., LaKeel, Inc., Mitsubishi Research Institute, Inc. (MRI), TIS Inc.
We will ally with digital trade platforms in all over the world. We shall proceed with further collaboration like API linkage to build a digital trade ecosystem in the world.
We are now proceeding system linkage project with digital trade platforms of Thailand, Singapore, Australia and New Zealand as an APEC project and it is financially supported by the Japanese government.