Fig. 2. Centralized, cross-Industry management of trading operations following rollout of TradeWaltz
[Overview of Joint Investment]
Company Name: TradeWaltz Inc.
Representative: Hirohisa Kojima, President & CEO
Headquarters: 2F, Marunouchi Nijubashi Building, 2-2 Marunouchi 3-Chome, Chiyoda-ku, Tokyo
Date of Establishment: April 2020
Business Description: Delivery of the TradeWaltz SaaS1, a trade data sharing platform using blockchain technology.
Capital: 2.1 billion yen (including capital surplus)
[Comments from company officials]
Hisashi Matsunaga, Executive Vice President and Director, NTT DATA Corporation:
“Trade is one of the most important areas of the transition to digitalization. TradeWaltz is a revolutionary platform that incorporates blockchain technology, and I am delighted that we have been able to gather cross-industry expertise to deliver it to the world. NTT DATA will continue to support this business’s development both in Japan and around the world, and we will make our best effort to stimulate the growth of new social infrastructure in the digital age.”
Akira Murakoshi, Member of the Board and Executive Vice President, Mitsubishi Corporation:
“In its aim to boost productivity throughout Japanese industry, MC has devised an “Industrial DX” strategy, which focuses on reforming the structure of industry through digitalization. By effectively using digital technologies, the TradeWaltz platform aims for radical improvement in trading operations, and seamless cooperation with trading platforms in overseas countries. As a shipper in charge of trade-related practices, MC looks forward to working with all who have an interest in this platform to further its growth and development.”
Hideki Yanase, Member of the Board, Executive Vice President, Toyota Tsusho Corporation:
“COVID-19 pandemic has accelerated our transformation from our conventional paper-oriented practice. When it comes to the trade operation, in particular, we have come to a stage where we urge ourselves to weave the new normal with digitalized trade information, taking full advantage of the cutting-edge digital technologies. Aligned with those who share the same vision, Toyota Tsusho commits to realizing the new normal.”
Makoto Okada, Vice President Executive Officer, Tokio Marine & Nichido Fire Insurance Co., Ltd. :
“TradeWaltz is the world’s first initiative in blockchain technology to digitize the cargo-insurance policies that are bought, sold and transferred between traders. Tokio Marine Nichido is proud to be a part of this business and pledges to work hand in hand with its other investors. Our shared goal is to create new trade practices in Japan that can be demonstrated to and ultimately adopted by traders all over the globe.”
Yoshitake Manabe, Chief Executive, Transaction Banking, MUFG Bank, Ltd. :
“By accelerating trade digitalization on TradeWaltz, MUFG will promote safe and secure trade finance and settlement services and contribute to streamlining our clients’ operations, improving settlement terms and expanding their trade business worldwide.”
Yoshiya Miyabe, Director, Senior Managing Executive Officer, Kanematsu Corporation:
“Digitizing operations holds tremendous promise for trade which is the lifeblood of Japan's trading companies. Not only will it help us improve efficiency, but it will also give us data that can be used to create businesses and build the foundations to connect them. We at Kanematsu, will work to combine our 130-years of trading know-how with advanced blockchain technology to provide our customers with an ideal platform they can trust.”
Shigeki Nakamura, Director, Managing Executive Officer, Sompo Japan Insurance Inc. :
“TradeWaltz can be looked at as a new kind of social infrastructure, and by growing it, we should be able to strengthen the connections between its investors and others involved in trade. This platform promises to make trading activities more precise and sophisticated. Sompo Japan is looking forward to helping it grow by optimizing expertise accumulated over our company’s many years as an underwriter of marine insurance.”
Hirohisa Kojima, President and Chief Executive Officer, TradeWaltz Inc. :
“Together with our partners, I am pleased to report the launch of our TradeWaltz business. TradeWaltz will endeavor to improve operational efficiency by digitizing all trade-related documents and provide new value through the use of trade data. Our mission is to make safe, secure and smooth trade a reality for all of our platform’s users.”
1. SaaS stands for Software as a Service. It is a model that makes software available for use over the Internet.
*TradeWaltz is a registered trademark of NTT DATA in Japan.
*Other product, company, and entity names are trademarks or registered trademarks of each company.