Tokio Marine & Nichido Fire Insurance, NTT Data Corporation, Standage Inc. and TradeWaltz Inc., in the fall of 2021, jointly conducted a proof of concept toward establishing a new trade settlement system and confirmed that electronic B/Ls (bills of lading) and digital currencies (or crypto assets) can be exchanged simultaneously. Blockchain technology makes possible the simultaneous transfer of platform-generated electronic B/Ls and of digital currencies or crypto assets. This makes it possible to conduct trade settlements in a manner that has not been previously available. The four companies engaged in this project will move forward in rolling out this world-first system by the end of fiscal 2023.