The Industrial Transformation Asia Pacific Industrial Transformation Annual Industrial Transformation Exhibition was held on 20-22 October. At ITAP-2020 there was presented a unified stand of Russian companies organized under the auspices of the international digital trading service B2B Platform RSTrade, operated by the Russia-Singapore Business Council. The platform promotes the digitization of business processes and the development of international cooperation based on digital solutions. At present on it is registered about 85 thousand companies from 26 countries, including more than 300 companies from perimeter of State Corporation «Rostec» with their civil products. RSTrade tools are designed to find foreign partners for the purchase and sale of goods and services, to organize contract production up to its localization. The integration of RSTrade with the international platform CamelOne (operator - Singapore company vCargo Cloud) represented in 16 countries allows efficient selection of suppliers of logistics, customs and other services in the sphere of foreign economic activity, including in the format of electronic auction. Within the framework of the virtual stand there were presented products and solutions of more than 20 Russian companies, including holding “Shvabe” and JSC “RT-Techpriemka”.

At the initiative of RSBC, in addition to the presentation on the virtual stand, a business mission of Russian companies was organized, which took place in full digital format. A key part of the program was negotiations at the site of the Foreign Promotion Center of Russian High Technology Companies in Singapore. The Russian delegates met with representatives of Singapore business associations, including the Singapore Economic Development Board and research institutes: National University of Singapore, Nanyang Technopreunership Centre and NTU Institute of Health Technologies. During the talks with representatives of the CPP discussed possibilities of further promotion of Russian solutions and high-tech products in the region and launching of joint projects, including in the field of R&D. The final event of the business mission was the online training “Fostering E-business: Blockchain, Digital Platforms & Cloud Solutions”. Speaker Desmond Tay, co-founder and CEO of vCargo Cloud, told listeners about the most promising directions of digital business, including the use of blockchain technology for logistics and customs operations.