STANDAGE Inc. (Minato-ku, Tokyo, CEO: Akinori Adachi, hereinafter referred to as "Standage"), a company that develops and provides digital trade platforms, participated in the "Study Group for Promoting the Utilization of Trade Platforms" (hereinafter referred to as "this Study Group") hosted by the Ministry of Economy, Trade and Industry as a trade platform provider.
\nThis study group will be held three times from November 2023 to March 2024. In March, the Ministry of Economy, Trade and Industry published an interim report that summarized the challenges and barriers to advancing the digitalization of trade procedures that were raised throughout the three meetings and outlined the direction of future responses by both the public and private sectors.<\/p>\n
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\u25a0 Background of the event and interim report<\/strong> <\/p>\n In light of this, it was decided to hold this study group, bringing together major manufacturing companies engaged in trade globally, trade platform providers, and relevant ministries and organizations involved in the digitalization of trade procedures, with the aim of sharing challenges facing the digitalization of trade procedures between the public and private sectors and determining concrete solutions.<\/p>\n <\/p>\n An interim report published by the Ministry of Economy, Trade and Industry in March 2024 set a goal of increasing the proportion of trade transactions digitized through trade platforms to 10%, stating that achieving this goal is expected to result in cost savings of 300 billion yen per year.<\/p>\n <\/p>\n By providing a digital trade platform, Standage will contribute to achieving a 10% digitalization rate for trade, and will continue to develop and provide all trade-related services and systems with the aim of realizing "a world in which all countries have equal access to all goods."<\/p>\n <\/p>\n *For more information about this study group, please see the relevant METI website. \u25a0About Standage<\/strong> Established: March 2017 STANDAGE Co., Ltd. (Minato-ku, Tokyo, CEO: Akinori Adachi, hereinafter referred to as Standage), a company that develops and provides digital trade platforms, has participated in the "Study Group for Promoting the Utilization of Trade Platforms" (hereinafter referred to as the "Study Group"), which is sponsored by the Ministry of Economy, Trade and Industry... Continue reading Standage attends the "Study Group for Promoting the Use of Trade Platforms" hosted by the Ministry of Economy, Trade and Industry<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":5333,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[46],"tags":[],"acf":{"en_news":{"custom_css":"","en_title":"Standage attends METI-sponsored \" Conference on Promoting the Utilization of Trade Platforms\".","content":"(\" Standage\"; Minato-ku, Tokyo; President: Akinori Adachi), a developer and provider of digital trade platforms, participated as a trade platform provider in a METI-sponsored discussion group to promote the use of trade platforms.\r\nThe discussion group met three times from November 2023 to March 2024, and in March, the Ministry of Economy, Trade and Industry (METI) released an interim report summarizing the issues and barriers to the digitization of trade procedures identified at the three meetings and the direction of future measures to be taken by the public and private sectors.\r\n\r\n \r\n\r\n\u25a0Background of the Meeting and the Interim Report\r\nThe global trade volume is on an upward trend, reaching a record high in 2022. On the other hand, the digitization of trade has been recognized as a long-standing issue, as the entire trade-related operations are still strongly based on original documents and manual work.\r\nAlthough a number of trade platform services have been launched around the world to promote digitalization, the use of trade platforms by shipper companies has not yet fully penetrated the market.\r\n\r\n \r\n\r\nTherefore, METI has decided to hold this meeting to bring together major global manufacturing companies, trade platform providers, and ministries and organizations involved in the digitization of trade procedures, in order to share the challenges of digitizing trade procedures in the public and private sectors, and to identify concrete solutions.\r\n\r\n \r\n\r\nThe interim report released by the Ministry of Economy, Trade, and Industry (METI) in March 2012 set a goal of increasing the percentage of trade transactions digitized through trade platforms to 10%, which, if achieved, is expected to reduce costs by 300 billion yen per year.\r\n\r\n \r\n\r\nStandage will continue to contribute to achieving a 10% digitalization rate of trade through the provision of a digital trade platform. The company will also continue to develop and provide a full range of trade-related services and systems with the aim of realizing a world in which all countries have equal access to all goods.\r\n\r\n \r\n\r\n\u203bFor more information on this study group, please refer to the relevant page of the Ministry of Economy, Trade and Industry (METI).\r\nhttps:\/\/www.meti.go.jp\/shingikai\/external_economy\/digital_trade_platform\/index.html<\/a>\r\n\r\nAbout Standage<\/b>\r\nEstablished in March 2017, with a Nigeria office in December of the same year and local offices in Kenya, South Africa, and Egypt in 2021. Offers Digitrad, a comprehensive digital trade service that completes all trade operations, from matching trade sellers and buyers to settlement, financing, and cargo delivery. Developed a secure, inexpensive, and speedy payment system utilizing blockchain and crypto assets for settlements in emerging countries. By leveraging the functions of a trading company and technology, we aim to develop a society that seamlessly connects small- and medium-sized Japanese companies with the entire world.\r\n\r\n\u25c7Official website of \"Digitrad\" service: https:\/\/standage.co.jp\/digitrad<\/a>\r\nEstablished March 2017\r\nRepresentative Akinori Adachi, President and Representative Director\r\nCapital: 68,568,500 yen (including 327,850,250 yen in capital reserve)\r\nURL https:\/\/standage.co.jp\/<\/a>"},"author":{"author_image":"","author_name":"","author_image_link":"","introduction":""},"production_published":true},"_links":{"self":[{"href":"https:\/\/wp.standage.co.jp\/us\/wp-json\/wp\/v2\/posts\/5332"}],"collection":[{"href":"https:\/\/wp.standage.co.jp\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wp.standage.co.jp\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wp.standage.co.jp\/us\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/wp.standage.co.jp\/us\/wp-json\/wp\/v2\/comments?post=5332"}],"version-history":[{"count":3,"href":"https:\/\/wp.standage.co.jp\/us\/wp-json\/wp\/v2\/posts\/5332\/revisions"}],"predecessor-version":[{"id":5346,"href":"https:\/\/wp.standage.co.jp\/us\/wp-json\/wp\/v2\/posts\/5332\/revisions\/5346"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wp.standage.co.jp\/us\/wp-json\/wp\/v2\/media\/5333"}],"wp:attachment":[{"href":"https:\/\/wp.standage.co.jp\/us\/wp-json\/wp\/v2\/media?parent=5332"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wp.standage.co.jp\/us\/wp-json\/wp\/v2\/categories?post=5332"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wp.standage.co.jp\/us\/wp-json\/wp\/v2\/tags?post=5332"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nThe total volume of global trade transactions is on the rise, reaching a record high in 2022. However, much of trade-related work is still based on original documents and manual processes, and the digitalization of trade is recognized as a long-standing challenge.
\nIn this situation, although a number of trade platform services that promote digitalization have been launched around the world, the current situation is that shippers have not yet fully adopted the use of trade platforms.<\/p>\n
\nhttps:\/\/www.meti.go.jp\/shingikai\/external_economy\/digital_trade_platform\/index.html<\/a><\/p>\n
\nFounded 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
\nRepresentative: President and CEO Akinori Adachi
\nCapital: 608,568,500 yen (including capital reserve of 302,782,500 yen)
\nURLhttps:\/\/standage.co.jp\/<\/a><\/p>","protected":false},"excerpt":{"rendered":"