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Hyperledger is committed to creating a safe and welcoming meeting for more information. Please visit our hyperledger code of conduct. So first of all, good afternoon everybody, those joining this meeting. Welcome by the way to Mr. Someya Satoru. Welcome to the space and glad to see you here. I leave the stage to you directly, Satoru, to take the stage and explain what's going on from your end. Welcome again. Thank you very much, Andrea-san, and very thank you for the chance to present my services in this very nice opportunity. I will show you first my services, the trade routes presentation. And I will do it in English. And if you have some query about our presentation, please say or some making query, please feel free to ask me when you have some questions. So can I start my presentation about the trade routes? Sure. Yeah, thank you very much. So today I want to introduce the trade routes, the B2B DX platform for our trade industry. And our mission is to create the future of trade with blockchain. Today's agenda. We have three contents for today. The first one is the introduction of trade routes, the trade platform from Spain. And the second bullet will be the ASEAN expansion and not only ASEAN but the worldwide expansion of trade routes. And the third one is a future vision. We shall proceed for the cooperation with other platformers, not only country-based, but the industry platformers. So this is a future vision. Let's begin from the first bullet. As you know, the DX market is imagined right now. Global DX market size is between 120 and 7 trillion Japanese yen in 2019. And right now each year, 20.4% are growing this market every year. And this situation will be accelerated by COVID-19. And trade routes is a B2B communication DX platform in the trade industry. To solve the problems or issues in trade industry. What is a focus team or the issue in industry? You can see in the left side of this slide, there is a current status of the trade industry. Everyone wants to get more efficient operation. So car owners, logistics companies, banks, insurance companies are now focusing on the digitalization of our own company. And they can make the data. But intermediate communication to car owners to car owners or the car owners to logistics companies, these kinds of the company to company communication is done by the analog format, like using the paper or PDF base attached to a mail. Or sometimes facts. So those kinds of analog data will be reached to other party. They need to retype the data of analog papers to their own system. And then they need to issue other documents by manual work, like the PDF or the papers. Those kinds of analog work is making the trade operation very low efficiency. So we want to create the one one-stop platform of the communication between company to company or the country to country. This is called trade routes. And the trade routes will not only exchange the data between company to company or country to country by API leakage or the UI interface, but the security store the data of exchanging data with blockchain. We are using the hyper reserve public base, the specialized blockchain technology, which is called block trace to secure the data, exchanging the trade industry. Our target issue is so many, but the first one will be the operation FCNC and speed. As you can see, this is time consuming for the trade operation, specifically in analog work. The Italy, France, those kinds of very nice country in EU only takes two hours for operate the one time import and one time export, very high speed. But in consensus, compared to this EU countries, Japan takes 72 hours, which is 34 more times to EU. And other Asian countries is taking the more than 100 times hour than EU. So they need to digitalize this analog work to make the improve of the FCNC operations. Second point is the cost. In Japan's example, they use the 244.3 to 295 billion Japanese yen for analog operation costs. Because they are handling paper documents, people to people or company to company or government to government, those paper work need cost to handle. And we want to eliminate these kinds of costs. And third issue is the needs for remote work in COVID-19. As COVID-19 is offered, people want to work from not work in office, but from work from home. But in trade industry, analog paper or some analog document will be received by other office. So the workers in trade industry need to come to office to solve these kinds of analog works. So they cannot do the full remote work in COVID-19 situation. So we want to solve this problem also. And there are not only three trade issues, but also so many other trade issues existing in trade industry. Not all the problems can be solved by the electrical transaction or digitalization. But maybe half of these problems can be solved by the digitalized documents. So we want to solve these issues. In Japan, we started our challenge to solve these issues. We established cross-industry consortium, which is contained the old Japan member of trade industry in 2017 to solve the, to create the paperless international trade. The first member is a team, which is from banks, insurance companies, power owners, carriers, plastic companies, and also blockchain experts and the TT data. We started our activity from 2017. We discussed the programs in the trade industry and how to solve by blockchain technology. And not only discuss the problem, but we created the trade world systems prototype in 2017. And we did the proof of concept not only in Japan, but Singapore and also Thailand. And we did the lobbying activities to our government to change our government's role to accept the digitalization of trade documents. And we succeeded three times of changing our government's role. And we are now focusing on the last government, government role challenge, which needed to change the acceptance of EBR right now. And maybe we can finish this problem in next year. And we did create the not only trade consortium in Japan, but also we created the trade consortium in Thailand in 2019. And the last year, we started the commercialization of trade works and established the DX startup, which is called Trade Works Inc. in 2020. And the invested partners are seven, which is from the consortium and filled with red color in this. This is our approach time image. The trade works will be the intermediate position of platform. And the trade works will connect every trade industry players by API or using the UI. And these data will be securely stored in trade works. And this prototype image is listed in this YouTube video platform. So I will share this PDF slide after this meeting. So please check if you want to see the prototype. And we are using the blockchain technology. So we want to explain a little bit about that. As you know, there are so many blockchain technology emerging in the field. But we are using as a hypervisor base, the consortium blockchain here. We are not only set the node in Japan, but we will set the node in Singapore, New Zealand, Australia, and any other countries. But we will set the node one for each country, which is the node operating company by each country. This node operating company will be sometimes a government, like the Singapore, and sometimes by the private company, which is the whole New Zealand company for all Australian companies. Those kinds of very nice companies will have the node that records the trade data together. This is a trade works blockchain type, the consortium blockchain based on the hypervisor fabric. And the feature of our trade works platform is the three. The first one is the cross industry platform. There are so many trade platforms in the global wide, but some trade platform is focusing on the banks for LC, or sometimes focusing on their careers and issuing the EBA, and sometimes focusing on those kinds of single industry platform are so many. But we are connecting all the industry players, so cross industry platform is our first feature. And the second one is the wide coverage of documents. Some banks platform is focusing on only one document, rather credit, or sometimes the EBA, the Bureau of Reading, focusing on platform is existing. But we can cover all the documents and not only PDF, but we can store structure data like the unit price or the quantities or some customer's name. We can store these kinds of the structure data inside, so we can reuse these kinds of the structure data from documents to document. And also, we can utilize this data to create another success. And the third feature is the creation of ecosystem. Because we can utilize structure data and the linking API to other platforms, we can create the ecosystem together with other platforms exchanging the data. So that is a third feature for trade. This is an example. We are creating a blockchain infrastructure in the basic services and store the exchanging data very securely. And also, we are having the application services, which can make the trade process flow or the exchanging the data industry to industry or the government to government. Also, we can make the API connectivity to third party services and also the government throttle and so on. Like the example, we are now connecting the Japanese custom clearance system. Can I continue? Sure, don't worry. Thank you very much. And also, there is a Japanese trade document platform which is called Binance Tools Series. And we are now connecting Binance from yesterday. And we can create new services utilizing the data, not creating the operational efficiency improvement, but data aggregation and making dashboards or making some another services like trade finance services, EVL services, and so on. And this is POC's results in Japan in 2017. We proved that more than 60% of operational efficiency improved by using traders in car owners, banks, insurance companies, carriers, so all trade industry players. Not only in Japan, but we did POC in ASEAN countries. In Singapore, there is NDP, so we connected the system tradewords to NDP and exchanged the data between these two platforms. And we proved the interoperability between platforms. And in Thailand, we did, we lent the trade world system to Thailand and Thailand used the trade world in their operational efficiency improvement and proved that over 50% operational efficiency improved in Thailand's trade operators. So we proved, not only in Japan, but we can contribute to trade operational efficiency improvements in other countries. I introduced so many things of traders, but their number of digital trade platforms is increasing worldwide. These are the famous trade platforms in the world. And our expansion to global wide. The first are focusing on the ASEAN countries, and regarding the Thailand, the ASEAN APEX 2019 chair country of ASEAN and chair country of APEX in next year, 2022. We started the consultation business to Thailand's government and also JSCCIB, the private companies association. And Thailand's association considered to create the same kinds of trade consortium in Thailand and we did support. And in their consortium activity, they thought not only using the usual blockchain, but they wanted to use a specialized blockchain, like a trade words to block trades. Because these days, like Facebook or any other platformers are using some data to not intended objective in their platform or outside platform. So each country wants to store the full data or the secret data inside the own country. And sharing the data should be limited to share. That is the data governance policy. And to secure this kind of data governance, the data storing model should be hybrid. That means the secret data and the full data should be stored in the own country first. And the control information which will record the record history of the data modification will be stored in blockchain technology. This hybrid models blockchain is very special and trademarked in Japan by NTT research center. So this technology is evaluated by Thailand also. So we think these kinds of data governance, high-secure blockchain can be shared to other countries. And also we can share the application in partially, but each country can create unique services together in each country. This is a model for the trade war expansion to other countries. And we want to create this kind of blockchain sharing economy or ecosystem together and not only in Japan, but the ASEAN countries or APEC countries. And Thailand not only evaluated our hybrid blockchain model, but they set the digital trade policy, ASEAN agenda. And not only in Thailand, but they set the policy in 10 ASEAN countries in 2019. And these kinds of platforms interoperability, platform-to-platform connection will be very important. And the data governance security will be very, very good for the future model. So this model was mentioned at the World Economic Forum 2020 sideline event. And we released this model with ICC or the Singapore government and other cargo owners or banks and the NPT data and so on. And Preva is not only consulting the Thailand or there's a POC with Singapore, but right now developing the second trade consortium outside Japan in Vietnam with government and company. And to have interoperability with other platforms like connecting the node of the blockchain. And not only starting up the trade consortium or trade platform in other countries, but we are now connecting the trade platform to trade platform. This year on May, I presented with other countries government that's a trade watch vision for 2022. That means trade platform from Japan will connect the trade platform from Thailand and Singapore and New Zealand and Australia. We will connect the five countries platform together and share the stock information or the customer clearance, the efficiency improvement or the logistic data. And we can make very great trade efficiency together in these five countries. And not only countries nations platform together, but we are now having the conversation with top ranked platforms in each industry, the car owners, insurance companies or banks platform and so on to connect by API linkage and exchanging the data together. And then we can connect the H2H, the worldwide trade data together. And we can utilize these kinds of the trade data and matching, making matching and create the new services together in this alliance member. That is our concept to build the new future of trade, the ecosystem of next generation. Yeah. Thank you very much for hearing my introduction of services. Are there any questions or opinions about our services? Yep. There are already three questions basically. One is from a friend from Singapore and good one and there is the advanced question for the Q&A. How relevant is the URDTT to trade wars and is trade wars promoting its adoption? Yes. Thank you for our question. Yeah. URDTT mentioned from the ICC DSI and I'm the member of DSI right now and talk with Oswald, the managing director of DSI. And before the URDTT is press release maybe two months or three months ago, I checked in the Japanese side about the URDTT and the URDTT is based on the old type of the ICC's rules and making the adoption to the digital services. So, trade wars is fit to URDTT already and promoting its adoption and also promoting expansion in Japanese government and also Japanese community. We are having the trade consortium which is containing right now the 65 big companies of the trade industry right now and we are sharing the URDTT information in this consortium. Perfect. Okay. Yeah. Thank you. Next question from Pratik Sharma, my friend. Are you IGPNL licensed holder between ABLs, electronic bills relating? Thank you very. Right now we have no licensed holder for ABL. Our first developing ABL is two direction. The first one is developing by oneself and the second one will be connecting to other ABL platform. And right now we are focusing on the changing the government role in Japan. So, developing ABL system is a little bit redder. And right now we are having the conversation with the ABL services including the blockchain using ABL services or non-blockchain ABL services together. So, some customers are now requesting us to making the linkage to ABL services to trade wars. So, we will maybe press release in next year to combine those kinds of ABL services and trade wars and making it acceptance in a Japanese ABL role. Yeah. We go different to some interesting topics. I mean double spending, namely there is Mr. Frederic Paquet who asks, how do you avoid double invoicing challenges on the platform? It's a pretty interesting one. You see that double spending, double finances to you. It's a huge problem in international trade. Yeah. Thank you for questions. We did POC in Thailand for avoiding the double finance using trade wars. Trade wars is storing the data all trade records. What is the status of this trade? So, trade one is in the purchase order phase or making contract phase or right now deliver or this is already in voice or something. So, we can check these status and when and how this trade is paid. So, we can control this flag and this flag cannot change because that is recorded in blockchain. So, we could prove that our technology could prevent the double finance in Thailand. Maybe with Ayutthaya Bank, the Chris Madhu Bank and a very big mega bank together. So, yeah, we proved this kind of double finance problem. Perfect. A question coming from my Turkish friend, Ayhan Kersheolu is asking, is there any ongoing API studies of the platform with three new platform for new transaction management platform which is the only, you know, valuable one for the payments at present? Yeah. Thank you for creating. Not ongoing API studies for our platforms. We are now opening some API references from our subsets but not deeply consider to create the API linkage with the Swiss news platform. Sometimes using the Swiss but the blockchain technology finance platform. We are making the conversation but not deeply the studies are to connect these platforms yet. There's one more question from Frederic is asking, do you accept risk management service providers on your platform or do you push each existence stakeholders to work on the role of A&L KYC credit release? Yeah. In the sweetest term or regarding SWIFT, we are having the bank's partner and also stakeholder like the MUFG Bank in our stakeholder. So, connecting to SWIFT is made by a bank. So, we will share the document data to bank and then bank will pay by SWIFT's mechanism and also new SWIFT's mechanism. So, not directly link the SWIFT platform and the credit ones. But we will do creating those kinds of financial platform to trade world's link directly in future plans. So, we will ask for making the discussion with SWIFT's new platform. Thank you. Any other question from the attendants? It's going to be a unique opportunity for digging out more into trade world's projects for the future. Andrea, it's Eugenio. If there's no other question, I would like to ask a few things to Sitaru, just to find the communication. Yeah, I would ask to you, Sitaru, if you could give us a few information about your business model. How did you structure it in the beginning? How this may be changing according to your international strategy because you're also going overseas to Thailand, to Vietnam and how does this fits with the differences you may have found on different countries. So, it's not more on the technical side but also on the business strategy side. Thank you very much. First, we consider the franchise model to expand our business. That means the blockchain sharing as a path to the other government and creating the application in each country. That is the first model. And the second model is the SAS. We will arrange not only the platform infrastructure but the application level to other countries. But in the expansion to other countries, they tend to ask the license model. So, we will provide the application to them and they will create the other application using trade wars technology. That is, of course, one type of the case. And sometimes like some government wants to use not API technology but some other technology for ranking the company to trade wars or the government to trade wars. So, we want to make the uniform connecting type for the system to system. But sometimes that is a little bit difficult in some countries. So, we need to adapt those kinds of routes in local area. That is the second point. And the third one is we are considering the node setting companies or node setting government in each country. But sometimes they want to and the government is very positive for red words but they cannot gather the company in between. So, we need to gather the company in local area and talk with government and making the consortium. That kind of sometimes happens. So, those three are a little bit difficult to expand our business right now. Okay, Mr. Thank you. I think there is another question. Hold on. In the chat. Let me see. Let me see. No, no other question in the moment. Anybody else would like to make a question? Thanks to you. Perfect. So, I think if anybody else would love to make question, I think we can thank Mr. Somaia for this nice speech. It was really, really an interesting one. Thank you very much. We will be back in two weeks time with another meeting on the different times. This time we're going to cover the Americas, USA. Thanks everybody for being with us today. And it was a pleasure to hear from you, Mr. Todrusson. Talk soon again and thanks again for your presence here today. Goodbye everybody and see you soon. Bye everybody. Bye. Bye. Thank you Andrea. Thank you very much. Bye. Bye. Bye. Bye. Bye.