- Pacific
Software is a development technology innovator focused on facilitating
greater trade between China and Latin America
- The
company is preparing to take import industry subscribers for its new
BOAPIN blockchain-based trade solution
- The
company’s virtual technological Silk Road will initially link China and
Brazil import/exports, with eye on expansion through Latin America
- BOAPIN
is designed for trade transparency to facilitate solutions across
international borders
Emerging business development technology innovator Pacific
Software Inc. (OTC: PFSF) announced earlier this month that its anticipated
e-commerce platform for international transactions, known as BOAPIN, will soon
begin to register new buyers and sellers as it builds a virtual Silk Road for
trade between China and South America.
“As global economies explore strategies to improve
cross-border data infrastructure, Pacific Software is creating smart contract
technology that integrates important functionalities for seamless global supply
chain management,” Pacific Software CEO and Chairman Harrysen Mittler stated in
the January 3 news release (http://ibn.fm/EmGrY).
Pacific Software’s mission is to enable global trade
expansion by creating a technological portal that crosses borders and allows
buyers and sellers to work seamlessly and transparently without being stymied
by barriers of language, distance or regulations. BOAPIN is designed to improve
how product movement through the supply chain is traced so its subscribers can
manage quality and certification issues. The smart contract technology also
provides solutions that facilitate data collection and analysis, marketing,
searches for specific commodities, payments across borders and customs
clearance.
The company is focused on building its virtual Silk Road
between China and Brazil, the largest countries on their respective continents
but half a world away from each other geographically. China is an increasingly
international player (http://ibn.fm/fb7sl),
as evidenced by its recent efforts to practically corner the market on critical
components in the lithium-ion batteries that power the majority of the world’s
computer products.
A heightened trading partnership between Brazil and China
through a proprietary Pacific Software platform at a time when the United
States is questioning its dominant trade relationship with China could
strengthen Brazil’s already $40 billion yearly pipeline (http://ibn.fm/A50jt). Once it is
in place, Pacific Software could use it as a springboard for lengthening the
virtual Silk Road to other areas of South America.
Pacific Software co-sponsored the Latin America Night event
at the 124th session of the Canton Fair PDC (Product Development Council)
Design Show in Guangzhou, China, in November to foster potential networking
relationships between government officials and businesses (http://ibn.fm/oYaLs). The
company also represented itself at the China International Import Expo in
Shanghai.
The technological wizardry of BOAPIN is due to the
contributions of IBM’s Hyperledger Blockchain Backend as a Service (BaaS)
infrastructure. The platform tracks, records and stores digital product
information by integrating blockchain components, and it is accessible via a
variety of channels linked into the Internet of Things.
“Reassurance regarding the provenance, safety and quality of
products delivered may save exporters significant time and resources in the
event a product becomes subject to recall,” the company stated in a news
release issued on November 29 (http://ibn.fm/m85In). Through the use of the company’s
blockchain-based solution, “an error free, tamper proof record covering the
entire supply chain may be provided which could pinpoint the precise origin of
any contamination, thereby enabling a narrow, focused and efficient recall of
the affected products.”
For more information, visit the company’s website at www.PacificSoftwareInc.com
About MissionIR
MissionIR is
primarily focused on strategic communications. We have executed countless
communications programs to address the needs of companies ranging from
start-ups to established industry leaders, gaining valuable experience and the
expertise necessary to determine the most effective strategy for any given
situation.
For more information, visit www.MissionIR.com
Please see full terms of use and disclaimers on the Mission
Investor Relations website applicable to all content provided by MIR, wherever
published or re-published: http://www.missionir.com/disclaimer.html
