- The
e-commerce platform will incorporate Pacific Software’s Agri-Blockchain
technology, as well as IoT solutions to increase transparency and safety
- In its
annual letter to shareholders, Pacific Software outlined a number of
additional financial and company development goals accomplished throughout
2018
- Based
on its rapid growth, the company expects to maintain the speed of
development through 2019 and to implement a business plan focused on
further expansion
Business development technology innovator Pacific Software
Inc. (OTC: PFSF) anticipates the launch of its cross-border Brazil-China
ecommerce trade platform in Q1 2019, as the company announced in a
recently-issued shareholder letter (http://ibn.fm/0At7w). The letter outlines the company’s
biggest accomplishments and milestones in 2018. It also sheds some light on
future goals and anticipated developments for 2019.
The e-commerce platform is currently in the process of being
developed. It will be a digital, blockchain-supported e-commerce website that
will link Brazilian agricultural suppliers to China. Pacific Software’s
Agri-Blockchain technology will be incorporated to increase the transparency of
transactions and guarantee trust in the origin, quality and safety of products.
Additionally, Pacific Software is working toward the
integration of Internet of Things (“IoT”) solutions with the platform. Such
capabilities are expected to enable the extraction of data derived from
Internet-connected devices like barcode readers. This way, the e-commerce
platform will accumulate valuable product data to ensure effective supply chain
management.
The annual shareholder letter also highlighted the key
Pacific Software milestones of 2018. During the year, the company opened an
office in Hong Kong and incorporated HyperSoft Ventures as a wholly owned
subsidiary. The subsidiary may host the B2B cross border e-commerce platform
and procure clients as an application service provider.
An audited financial statement was completed in 2018, as the
company’s also considering an uplisting to the OTCQB Venture Market or other
stock trading platforms. The company’s revenue model has manifested in the form
of a monthly subscriber fee for basic functionality, higher fees for premium
functionality, variable fees for marketing tools, revenue sharing with platform
partners and transaction fees for collective product orders.
As far as 2018 accomplishments go, Pacific Software also
announced that it has completed the development of e-commerce platform
solutions and features for the company’s subscribers. Some of these features
include smart contracts, digital marketing, customs levies, search/match
applications, blockchain solutions, advertising and more.
The shareholder letter concluded with a brief statement
outlining plans for 2019 and beyond, underlining Pacific Software’s commitment
to work hard as to maintain the rapid pace of development from 2018. The
business plan provides for further expansion into the commercial markets of
Brazil and China with product, business and staffing development.
Pacific Software is an emerging development technology
corporation that focuses on investments, mergers and acquisitions of
software-based technological solutions and platforms. The company boasts a
major strength in terms of B2B and B2C e-commerce blockchain solutions
development – its utilization of the IBM Hyperledger Blockchain Backend as a
Service (“BaaS”) infrastructure. The Pacific Software trade platforms is
expected to improve product traceability and digitize the trade process.
For more information, visit the company’s website at www.PacificSoftwareInc.com
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