TradeWaltz Inc. is a startup company jointly invested by NTT DATA Corporation, Toyota Tsusho Corporation, Mitsubishi Corporation and the like, which provides and operate a trade information linkage platform, TradeWaltz, as a SaaS service for trade practitioners in collaboration with industry, government, and academia in the all Japan system. The Platform uses blockchain technology to digitize procedures between companies and for the government that were previously exchanged on paper and through other analog means. It is expected that the system will improve operational efficiency and cost efficiency by 44-60%, promote remote work and affect qualitative effects, such as visualizing entire businesses, based on the results of demonstration tests conducted in Japan and overseas. In April 2022, the commercial version of the product was released.
Since FY2021, the company has started activity connecting the system with platforms representing countries and industries around the world and is gaining a reputation as a hub for trade information. Among these are NTP for the Singapore government, NDTP from Thailand, TradeWindow from Australia and New Zealand, SAP, with the world's largest market share of ERP systems, TOSS, a trade document preparation system that has the largest market share in Japan, NACCS, the Japanese standard customs clearance system, JCCI's certificate of origin issuance system, and CyberPort, Japan's digital port system. The company’s overseas expansion has been adopted by the Ministry of Economy, Trade and Industry (METI) as a support project. Additionally, the company has presented at the Keidanren (Japan Business Federation) as well as at international conferences such as APEC, and its activities have been presented to the prime minister of the ASEAN chairing country. Furthermore, the company has been selected as a candidate unicorn company.
In the future, the company aims to redefine the business model of trade (DX) by utilizing trade data from around the world and creating optimized applications.
TradeWaltz Inc. was established in the context of a study on commercialization conducted by the Trade Consortium, a group of major Japanese trade practitioners. The consortium was launched in 2017 by NTT DATA, a blockchain expert company, with a mission to apply its technology to the trade industry. After 3.5 years of technological development, proofs of concept, and legal reform, the consortium commercialized the technology.
The three strengths we have are (1) blockchain technology, (2) cross-industry networks and knowledge, and (3) government support, which no other competitor can match. The patented blockchain technology called BlockTrace is the only technology in the world that can completely digitalize trade information while taking into consideration the data governance of each country. In addition, three general trading companies, one of only eight in the world that handle all commodities and have contact with all countries and industries, have invested in the company and are publicly providing services that incorporate their networks and knowledge to the world with the support of the government.
- KASUMIGASEKI BUILDING 36F WORKSTYLING 3-chōme-2-5 Kasumigaseki, Chiyoda City, Tokyo 100-6036 JAPAN