Today Trade Waltz, founded by NTT Data, announced another four companies have joined the trade blockchain platform and invested Yen 900 million ($8 million), bringing the member count to eleven. The new additions include the University of Tokyo venture fund, marine cargo firm Mitsui-Soko Holdings, transport and warehousing firm Nissin Corporation and TW Link.
In October last year, NTT Data announced that the Japanese blockchain platform had incorporated with the backing of itself, Mitsubishi, Toyota Tsusho and four others to the tune of Yen 2.1 billion ($19 million). The project aims to digitize international trade processes.
Meanwhile, TW Link is a joint venture investment company expressly incorporated to promote Trade Waltz. It’s owned by four logistics firms Kawanishi Warehouse, Suzue Corporation, Daitokoun and Fuji Warehouse.
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