DCX is a holding company of Rice Exchange (2) and was established in
Based on this agreement, the two companies will promote joint projects by combining DCX's expertise in global transactions including customer verification (Know Your Customer) (3), contracts and trading operations, with the business knowledge and system design expertise accumulated by Fujitsu in the industrial and distribution fields. Ultimately, Fujitsu and DCX aim to deliver new innovations in trading operations by developing global trading platforms for the agricultural, food, manufacturing, and international trading businesses. Fujitsu will continue to offer its robust support for DCX, serving not only as a technology partner that builds platforms, but also as a business partner, working to provide services that contribute to SDGs through the power of digital technology.
Comments from
We are excited to bring DCX and Fujitsu closer together to address the growing data driven business. DCX's power to innovate commodity trading combined with Fujitsu's advanced technologies such as blockchain will allow us to accelerate our digital transformation business for our customers, industry, and society. We look forward to an even stronger collaboration with DCX and together building trust in data to overcome today's uncertainties for a more sustainable and prosperous future.
Comments from
We are excited to have agreed this alliance with Fujitsu. The rice and fertilizer marketplaces that we have developed with Fujitsu as our technology and business partner are operational and have attracted some of the biggest names in the trade. DCX group companies are changing the way commodities are traded by adding trust and efficiency. Purchasing managers that use DCX platforms can assess the environmental and social impact of their supply chain decisions using the verifiable data that our platforms offer. We are now evaluating the potential to deploy this technology into other verticals.
Comments from
(1) Commodity:
Grains such as sugar, rice and wheat, precious metals and non-ferrous metals, regardless of the producer, are treated as equivalent or almost equivalent in commodity value. Most are raw materials, core resources, agricultural products, mining products, and industrial products.
(2) Rice Exchange:
Rice Exchange is the world's first digital platform enabling rice buyers and sellers and third parties to trade rice in an efficient, cost effective and secure way. The blockchain enabled platform is designed to allow participants to interact and settle trade through a permissioned, smart contract solution that integrates buyers, sellers and service providers. It increases trust, reduces risk and delivers cost savings to the rice industry, benefiting all participants.
(3) Customer verification (Know Your Customer):
A complex process in which banks and securities companies verify the identity of their business partners before initiating transactions as an anti-money laundering, anti-terrorist financing, security trade control, or other risk measure. In recent years, not only financial institutions but also general companies have introduced the system as part of credit management checks, etc.
About Fujitsu
Fujitsu is the leading Japanese information and communication technology (ICT) company offering a full range of technology products, solutions and services. Approximately 126,000 Fujitsu people support customers in more than 100 countries. We use our experience and the power of ICT to shape the future of society with our customers.
About
DCX is the group holding company for a range of commodity trading platforms. It provides integrated and secure blockchain online ecosystems to trade and deliver physical commodities globally, starting with rice and fertilizers, with more markets in development.
About
URL: https://www.fujitsu.com/jp/group/fjv/en/
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