Pacific Software (OTC: PFSF), an emerging development
technology corporation, offers product tracking from farm to fare through its
blockchain ecommerce trade platform which is currently under development. A
recent article discussing the company reads: “The Hyperledger technology offers
a number of advantages. Its consensus algorithm is Practical Byzantine Fault
Tolerance (PBFT), not the Proof-of-Work (PoW) widely employed by
cryptocurrencies. This eliminates the need for the large amounts of power
needed to solve cryptographic hash functions and also reduces the time it takes
for transactions to be validated, to seconds. In contrast, a transaction with
bitcoin, which uses PoW, will only be confirmed after 10 minutes. Hyperledger
also allows permissioned systems to be built, which increases the privacy and
security of the network. In a permissioned blockchain, an issuing authority
grants identities to transactors on the network and assigns the appropriate
level of access. The permissioned network can provide privacy by granting
different levels of access and provide accountability with a record of all the
transactions for an identity. This differs from the bitcoin network, which is
publicly accessible.”
To view the full article, visit http://ibn.fm/gud8L
About Pacific Software Inc.
Pacific Software, Inc. (OTC: PFSF) is an emerging
development technology corporation positioned for investments, mergers and
acquisitions of software technologies and platforms. The company is a designer,
developer and commercial distributor of blockchain-based systems. The company
intends to be uniquely positioned to deliver B2B and B2C blockchain solutions
by utilizing IBM’s Hyperledger Blockchain “Backend as a Service” (BaaS) Infrastructure
for three key industries: Agriculture, to target farm-to-table beef exports;
Cannabis, to improve Seed-to-Sale supply chain management and traceability; and
Opioids/Controlled Substance Management, to create a verifiable and trusted
ledger between pharmaceutical manufacturers and consumers. For more
information, visit the company’s website at www.PacificSoftwareInc.com.
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