MEDIA RELEASE

SGTraDex launches digital data exchange to tackle supply chain inefficiencies● Over 70 participants signed up to share data on SGTraDex’s easy-touse, secure and neutral utility● Digital data exchange raises productivity, promotes sustainability, andcreates new value● Existing participants projected to capture more than $100 million overnext five years from initial three use cases

Singapore, 1 June 2022 – The Singapore Trade Data Exchange (SGTraDex), a
public-private initiative, was launched today on the sidelines of Asia Tech x Singapore(ATxSG) 2022 by Minister for Communications and Information, and Minister incharge of Smart Nation and Cybersecurity Mrs Josephine Teo.
SGTraDex, a trusted, secure, and easy-to-use digital utility, seeks to connect
ecosystem partners in the local and global supply chains via a common data
infrastructure.
More than 70 participants have signed up for this digital utility which seeks to tackle
supply chain inefficiencies. It is expected to unlock more than $100 million of value forexisting participants from three initial use cases by 2026. This will come through costsavings from improved efficiency and productivity, optimal use of assets, faster accessto financing, and other value-creating benefits.
The participants are from multinational corporations, large local enterprises and smalland-medium-sized enterprises. They include DBS Bank, OCBC Bank, Standard
Chartered Bank, UOB, commodity trader Trafigura, PSA, Jurong Port, PacificInternational Lines (PIL), Ocean Network Express (ONE), Advario (a carve-out ofOiltanking), Jurong Port Universal Terminal and energy companies ExxonMobil Asia
Pacific and Chevron.
SGTraDex Services Chief Executive Officer, Mr Antoine Cadoux said: “Digitalisation
has transformed many sectors, but in the global supply chain and trade sector, its
promise has yet to materialise. The physical exchange of paper remains the norm.”“We believe that the plug-and-play digital infrastructure we have created at SGTraDex
will go a long way to make it easy for all participants to share data under an agreed
set of rules. Our goal at SGTraDex is to enable global trade to happen more quickly,
more reliably, and with higher integrity.”
SGTraDex Technologies Chief Executive Officer Mr Liau Eng Soon said: “By helping
participants shift from a manual and paper system to sharing data through a neutral
common data infrastructure, SGTraDex will raise their productivity and efficiency.
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“Participants will also have complete autonomy in what data they wish to share with
their ecosystem partners, and no one will be forced to share confidential information.”
For example, in the container logistics use-case, one of the pain points was the limitedaccess to timely data, which leads to congestion at ports and various transport nodes.
SGTraDex enables the exchange of data between shipping lines, hauliers, and port
operators, thereby improving planning, increasing asset utilisation, and boostingproductivity.
In the bunkering optimisation use-case, by allowing a range of ecosystem partners
such as storage facility operators, barge operators, and financial institutions, todigitalise their relationships, SGTraDex mitigates inefficiencies, builds trust andstrengthens trade in the sector.
SGTraDex also builds trust and resilience in the ecosystem by allowing documents tobe verified using the TradeTrust framework and distributed ledger technology.
TradeTrust provides participants with proof of authenticity and origins of thedocuments exchanged on the SGTraDex infrastructure.
Mr Cadoux noted that SGTraDex had undergone multiple rounds of testing to get tolaunch stage today. “We are encouraged by our live testing recently and are pleased
that more participants are being onboarded every day. We urge others to sign up as
early as possible to maximise the benefits.”
He added: “We are working with industry participants to identify problems that
digitalisation can help resolve and demonstrate the value of coopetition, the idea thatcompetitors should build differentiated capabilities and competitive advantage, butthey should also collaborate to solve common problems.”
SGTraDex is also working with partners to pilot three new use cases in the coming
months, on green and sustainable trade financing, reducing demurrage costs, andincreasing transparency in supplies and spare parts in the maritime industry.
Companies that sign up will be supported and guided on the integration. As an
incentive for early adopters, the sign-up fee for the first year is free, after which they
will pay according to usage. Companies can also apply for government subsidies andgrants as part of the digital transformation programme.
For more information, visit: sgtradex.com.

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About SGTraDex
Launched on 1 June 2022, the Singapore Trade Data Exchange (SGTraDex) is adigital utility that facilitates the sharing of data between supply chain ecosystem
partners, streamlining information flows through a common data highway where data
can be shared in a trusted, secure and inclusive manner.
SGTraDex uses proprietary technology anchored through a public-private partnershipmodel to resolve pain points in supply chain ecosystems including a heavy reliance ona paper-based system which lacks efficiency, transparency and sustainability. Themove to digitise information will increase productivity and build supply chain resilience.
New efficiencies and opportunities will be unlocked when ecosystem partners cancollaborate to achieve a shared visibility of the end-to-end supply chain. For more
information, visit sgtradex.com.
Media Contacts
Catherine Ong Associates
Catherine Ong
cath@catherineong.com+65 9697 0007

Romesh Navaratnarajahromesh@catherineong.com+65 9016 0920

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