{"id":4844,"date":"2023-10-30T13:00:21","date_gmt":"2023-10-30T04:00:21","guid":{"rendered":"https:\/\/wp.standage.co.jp\/?p=4844"},"modified":"2026-02-06T13:56:37","modified_gmt":"2026-02-06T04:56:37","slug":"20231030_1","status":"publish","type":"post","link":"https:\/\/wp.standage.co.jp\/us\/2023\/10\/30\/20231030_1\/","title":{"rendered":"Partnering with CargoX, an eBL issuing platform, to realize the world's first simultaneous exchange of "money" and "goods""},"content":{"rendered":"

Simultaneous exchange of stable coins and NFT securities on the blockchain Eliminate trade inequalities such as deferred and advance payment risks<\/strong><\/p>\n

 <\/p>\n

STANDAGE Co., Ltd. (Minato-ku, Tokyo, CEO: Akinori Adachi, hereinafter referred to as Standage), which develops and provides digital trade platforms, has partnered with CargoX Ltd. (Slovenia, CEO: \u0160tefan Kukman, hereinafter referred to as CargoX), which provides blockchain-based document and business data transfer solutions, for a new trade settlement system that utilizes blockchain and stable coins, which are its core business. By combining Standage's trade settlement system with CargoX's blockchain platform that allows the delivery of electronic bills of lading (eBL), it will be possible to simultaneously exchange "money" and "goods" in trade settlement, a world first. The two companies plan to complete a prototype of the system by the end of 2023, and after demonstrations both domestically and overseas, they will work together to put it into practical use within 2024.<\/p>\n

 <\/p>\n

\u25a0 Current status of stable coin and eBL utilization in Japan<\/strong><\/p>\n

The amendment of the Payment Services Act in June 2011 made it possible for Japan to issue domestically-produced stable coins, a world first. Major banks and trust banks in Japan are working to issue domestically-produced stable coins, and attention is being paid to the use of virtual currencies, which have so far mostly been used for individual investment purposes, in business, especially for trade settlements, which have large transaction volumes.<\/p>\n

 <\/p>\n

Furthermore, in a trade business where paper-based processing with emphasis on originality still continues, the electronicization and domestic use of bills of lading (BL), which certify the ownership of goods, is steadily progressing.<\/p>\n

It is said that electronic bills of lading (eBLs) will not be put into practical use in Japan until after 2025, but under the guidance of the Digital Container Shipping Association (DCSA), nine major container shipping companies announced in February 2023 a policy to achieve 100% use of eBLs by 2030.<\/p>\n

 <\/p>\n

\u25a0 Trade settlement using blockchain and stable coins<\/strong><\/p>\n

Since its founding in 2017, Standage has been working on developing a new trade settlement system that utilizes blockchain and stablecoins.<\/p>\n

This will enable safe, cheap and fast trade settlements in any country or region around the world, regardless of country risk or the credibility of the local currency.<\/p>\n

We are currently conducting Proof of Value (PoV) for this trade settlement system with the cooperation of a major general trading company and a major manufacturing company.<\/p>\n

 <\/p>\n

CargoX is a blockchain-based electronic bill of lading (eBL) issuing platform and a startup based in Slovenia. There are only six eBL issuing platform providers in the world recognized by the Japan P&I Club (Japan Shipowners' Mutual Insurance Association), including CargoX, and of these, only three are blockchain-based.<\/p>\n

 <\/p>\n

Both Standage and CargoX systems use the same blockchain, Ethereum.<\/p>\n

We decided to partner with CargoX because our two companies' systems work very smoothly together and we share a common desire to bring about change in the trading industry, which has apparently remained unchanged for 100 years.<\/p>\n

 <\/p>\n

By partnering with CargoX and combining Standage's stablecoin-based trade settlement system with CargoX's platform, which also enables the delivery of electronic bills of lading (eBL) on the blockchain, it will be possible to simultaneously exchange "payment (stablecoin)" and "goods (eBL)" in trade, completely without intermediaries and in a tamper-proof manner.<\/p>\n

 <\/p>\n

\u25a0 Future outlook<\/strong><\/p>\n

Standage and CargoX plan to complete a prototype of a platform by the end of 2023 that will enable the simultaneous exchange of "payments (stablecoins)" and "products (eBL)" by linking the two companies' systems. After conducting demonstrations both domestically and internationally, they will continue to collaborate with the aim of commercializing the platform within 2024.<\/p>\n

Through the development and dissemination of new trade payment systems, Standage will continue to bring innovation to the way trade is conducted, which is said to have remained unchanged for 100 years, and strive to create a world in which all countries have equal access to all goods.<\/p>\n

 <\/p>\n

About CargoX<\/strong><\/p>\n

CargoX is an international company specializing in Blockchain Document Transfer (BDT) solutions. The CargoX platform provides the secure creation and transfer of all electronic trade documents for government and regulatory agencies in the logistics, manufacturing, finance, trade, energy and services industries. It is specifically designed to improve the convenience and efficiency of the creation, signing, exchange, control, transfer of ownership, processing and archiving of electronic trade documents.<\/p>\n

The CargoX platform acts not only as a web-accessible service but also as a secure transport layer for large organisations, with seamless API integration to existing logistics software and government systems.<\/p>\n

\u25c7CargoX Platform Official Website: https:\/\/cargox.digital<\/a><\/p>\n

Established: March 2018<\/p>\n

Representative: \u0160tefan Kukman, CEO<\/p>\n

URL: https:\/\/cargox.io<\/a><\/p>\n

 <\/p>\n

\u25a0About Standage<\/strong><\/p>\n

Founded in March 2017. With a vision of "creating a world where all countries have equal access to all things," the company is developing a new trade settlement system that utilizes blockchain and stable coins to enable the safe, secure, and inexpensive simultaneous exchange of "goods" and "money" regardless of region or country. The company sees its main market as emerging countries, especially in Africa, and has established bases in four African countries, including Nigeria, to carry out trade business with Africa. It is not limited to the trade settlement field, but develops and provides systems that realize digital transformation for the entire trade system, including market development, ordering, and international logistics, while also working to support exports by small and medium-sized enterprises in order to increase the number of new domestic trade players.<\/p>\n

\u25c7"DigiTrad" service official website:https:\/\/standage.co.jp\/digitrad<\/a><\/p>\n

Established: March 2017<\/p>\n

Representative: President and CEO Akinori Adachi<\/p>\n

Capital: 608,568,500 yen (including capital reserve of 302,782,500 yen)<\/p>\n

URLhttps:\/\/standage.co.jp\/<\/a><\/p>","protected":false},"excerpt":{"rendered":"

STANDAGE Co., Ltd. (Minato-ku, Tokyo, President & CEO), a company developing and providing a digital trade platform, will enable simultaneous exchange of stablecoins and NFT securities on the blockchain, eliminating trade inequalities such as prepayment\/deferred payment risks. Continue reading Partnering with CargoX, an eBL issuing platform, to realize the world's first simultaneous exchange of "money" and "goods"<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":4845,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[46],"tags":[],"acf":{"en_news":{"custom_css":"","en_title":"STANDAGE partners with eBL issuer CargoX to achieve world's first simultaneous exchange of \"Payment\" and \"Goods\"","content":"
(Tokyo, Japan \u2013 30 October 2023)<\/i> \u2013\u00a0 STANDAGE, a Tokyo-based specialist for the development and provision of digital trade platforms, and CargoX, a provider of blockchain-based document and business data transfer solutions, have set to integrate their platforms to facilitate the world's first simultaneous exchange of \"payment\" and \"goods\" in trade settlements.\u00a0<\/strong>

\r\n\r\n \r\n\r\nStandage, led by CEO Akinori Adachi, has entered into a partnership with CargoX Ltd., a Slovenia-based provider of blockchain-based document and business data transfer solutions, led by CEO \u0160tefan Kukman. This collaboration aims to integrate CargoX's blockchain-based electronic bill of lading (eBL) delivery platform with STANDAGE's new trade settlement system that leverages blockchain and stablecoin technologies. The result will be the world's first simultaneous exchange of \"payment\" and \"goods\" in trade settlements. Both companies plan to complete the prototype of this system in 2023, conduct demonstrations domestically and internationally, and work towards practical implementation in 2024.<\/span>


\r\n\r\n \r\n\r\nThe power of japanese stablecoins with global electronic BLs<\/b>
\r\n\r\nIn June 2023, amendments to the Payment Services Act opened the door for the issuance of domestically produced stablecoins in Japan. Major domestic banks and trust banks have been actively pursuing the issuance of domestic stablecoins, with a particular focus on their application in the business of virtual currencies, which had primarily been used for personal investment purposes.\u00a0<\/span>

\r\n\r\n \r\n\r\nSimultaneously, efforts to digitise and domestically implement bills of lading (BL), which certify ownership of goods and have traditionally been paper-based, have been progressing steadily within the trade industry. While the practical use of electronic bills of lading (eBL) in Japan is projected to occur after 2025, in February 2023, nine major container shipping companies announced their commitment to utilising eBLs 100% by 2030 under the aegis of Digital Container Shipping Association (DCSA).<\/span>


\r\n\r\n\u00a0<\/span>\r\n\r\nTrade settlement with blockchain and stablecoins<\/b>
\r\n\r\nSTANDAGE has been dedicated to developing a new trade settlement system using blockchain and stablecoin technologies since its inception in 2017. This system aims to provide secure, cost-effective, and swift trade settlements worldwide, regardless of country-specific risks or local currency trust. Currently, with the cooperation of major trading companies and large-scale manufacturing enterprises, STANDAGE is conducting a Proof of Value (PoV) of this trade settlement system.<\/span>

\r\n\r\n\u00a0<\/span>\r\n\r\nCargoX is a blockchain-based eBL issuance platform. Among all worldwide eBL issuance platforms recognized by the Japan P&I Club (Japan Shipowners' Mutual Protection & Indemnity Association), CargoX is one of only six, with three of them, including CargoX, being blockchain-based.\u00a0<\/span>

\r\n\r\n \r\n\r\nSTANDAGE and CargoX both utilise the Ethereum blockchain in their systems. The partnership between the two companies was forged due to the seamless integration of their systems and their shared commitment to bringing transformation to the trade industry, which has remained unchanged for a century.<\/span>

\r\n\r\n\u00a0<\/span>\r\n\r\nThrough the collaboration of STANDAGE and CargoX, the simultaneous exchange of \"payment (stablecoin)\" and \"goods (eBL)\" in trade can be realised in a mediator-free and tamperproof manner.<\/span>


\r\n\r\n\u00a0<\/span>\r\n\r\nFuture outlook<\/b>
\r\n\r\nSTANDAGE and CargoX plan to complete the prototype of the platform that enables the simultaneous exchange of \"payment (stablecoin)\" and \"goods (eBL)\" through the collaboration of their systems by around 2023. Following trials both domestically and internationally, they aim to work towards practical implementation by around 2024.<\/span>

\r\n\r\n\u00a0<\/span>\r\n\r\nSTANDAGE will continue to innovate the trade industry, which has remained unchanged fo r a century, through the development and widespread adoption of a new trade settlement system. The company's vision is to create a world where all countries have equal access t o all goods.<\/span>


\r\n\r\n\u00a0<\/span>\r\n\r\nAbout CargoX<\/b>
\r\n\r\nCargoX is an international company that specialises in Blockchain Document Transfer (BDT) solutions. The CargoX Platform for Blockchain Document Transfer (BDT) provides secure creation and transfer of all electronic trade documents in logistics, manufacturing, finance, trading, energy, and services, as well as for governmental agencies and regulators. It is designed specifically to promote better collaboration and increase the effectiveness of trade document creation, signing, exchange, control and possession transfer, processing and archiving. Besides being used as a web accessible service, the CargoX Platform can also operate as a secure transfer layer for documents in big organisations, seamlessly integrating through API into already deployed logistics software or government systems.\u00a0<\/span>
\r\n\r\nOfficial website for CargoX Platform: <\/span>https:\/\/cargox.digital<\/span><\/a>\u00a0<\/span>
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