STANDAGE Co., Ltd. (Headquarters: Minato-ku, Tokyo; President and CEO: Akinori Adachi; hereinafter referred to as STANDAGE) commenced a demonstration experiment of trade between Japan and Nigeria using its "Shake Hands Contract" service (hereinafter referred to as SHC) on Wednesday, April 17, 2019.

In this demonstration experiment, we purchased five used personal computers from FAIRWAY Co., Ltd. (Headquarters: Minato-ku, Tokyo; President and CEO: Takeo Ajima; hereinafter referred to as FAIRWAY), received the order at STANDAGE's Nigeria branch, and handled the trade operations, escrow, and remittance at SHC.

≪Procedure of the demonstration experiment≫
STANDAGE Nigeria branch is the Buyer, and FAIRWAY is the Seller.
① Seller offers product trade
② Buyer receives an offer
③ The seller sends the contract, price, and other details.
④ The Buyer deposits the specified amount onto the SHC platform.
⑤ After the seller confirms the buyer's payment, the seller ships the product.
⑥ The buyer receives the product.
⑦ The seller receives the escrowed payment.

The process involves completing steps ① through ⑤ in about an hour, actually shipping the goods and confirming their arrival (⑥). Once approved on the SHC platform, the escrowed payment for the goods will be credited to your account (⑦).
We verified that using SHC (Supervisory Control Hazard) can shorten the normal trade process by more than half, demonstrating its convenience and practicality.

We will continue to conduct pilot tests and strive to launch this project as quickly as possible, so that we can be the first to introduce to the world an SHC service that is "fast, inexpensive, and easy to use," overturning the conventional, cumbersome trade flow.

[Contact Information]
Shiba NA Building 4F, 3-6-10 Shiba, Minato-ku, Tokyo 105-0014
STANDAGE Co., Ltd.
President and CEO: Akinori Adachi
Executive Vice President/COO: Kenta Omori
Press Contact Email: info@standage.org