- Pacific
Software is working to facilitate trade between China and Brazil, breaking
new ground for the two largest countries on their respective continents
- A
newly-announced partnership with a Brazilian trade organization in the
Amazon region state of Rondônia is expected to provide an international
network for businesses there
- The
company’s BOAPIN e-commerce platform is on pace to be completed within the
coming weeks, providing a blockchain-based supply management utility
- Pacific
Software’s portal and trade platform will also create solutions for smart
contracts, digital marketing and digital finance needs
Emerging technology development company Pacific Software
Inc. (OTC: PFSF) is building a framework to enhance international trade for
South American businesses, beginning in the Amazonian interior of the continent
with a newly-announced partnership that will promote ties between a Brazilian
trade organization’s members and Chinese markets (http://ibn.fm/fGVMc).
The agreement will allow the 7,500-plus members of the
Federation of the Industries of the State of Rondônia (“FIERO”) to enlist as
subscribers to Pacific Software’s in-development BOAPIN platform, a
cross-border, multifaceted, B2B and B2C e-commerce resource designed to improve
the standards of international commodities trade. In the case of the
import/export market between Brazil and China, the platform is helping to
establish a ‘Digital Silk Road’ connecting producers and buyers, particularly for
agricultural commodities.
The global agriculture industry is increasingly becoming the
focus of some market uneasiness, as scientists and consumers alike express
fears about land use policies, environmental impacts and population health
crises. One world policy researcher referred to current industrial practices as
“unsustainable” (http://ibn.fm/zAWFN),
while, in Germany, a large group of protesters from diverse parts of the
country recently used an international agricultural fair to voice their
concerns about large-scale farming (http://ibn.fm/3ciSN) and imbalances hindering smaller
growers’ operations. Technological innovations have become critical to responding
to the global challenges people face (http://ibn.fm/LYfGY), and the trend has created a market
space for businesses such as Pacific Software Inc.
Pacific Software’s focus on developing an e-commerce platform
to improve the standards of international commodities trade is expected to
create an unprecedented best practices potential. In the process, the company
is making it easier for producers of differing sizes within the largest
countries on their respective continents to compete for space based on the
quality of their products and their processes (http://ibn.fm/yIJIy), using
smart contract technology to improve product certification, market data
analysis, commodities searches and cross-border payment avenues.
China has been the world’s leading trading nation for much
of the past decade, surpassing the United States in many quarters (http://ibn.fm/Kvkng). In 2016,
China exported $2.3 trillion worth of commodities and imported $1.2 trillion.
The country’s gross domestic product that year was $11.2 trillion, and its GDP
per capita was $15,500 (http://ibn.fm/b1sig).
The European Union, Asian nations and the United States have been China’s
primary trade partners, but the United States has created new hurdles for its
trade relationship with China during the last couple of years, and Pacific
Software’s role in boosting Brazilian trade could be just the beginning of a
sea change for multiple South American nations.
In July, Pacific Software signed a letter of intent with the
governor’s office of Rondônia, declaring a mutual interest in promoting
exporters to China (http://ibn.fm/mHAZf).
The FIERO subscription agreement, announced on January 29, provides
“opportunities and functionalities not readily available with current supply
chain solutions” for the Brazilian agricultural businesses, and BOAPIN’s
China-based social marketing program will strengthen the branding of goods from
Rondônia by streamlining information shared through international trade.
“We are pleased to partner with Pacific Software and
leverage its trade portal BOAPIN.com to promote regional business of Rondônia,”
FIERO Chairman Marcelo Thomé da Silva de Almeida stated in a news release.
“Together we aim to further the reach of the great products from our region.”
The BOAPIN platform is set for launch during the first
quarter of this year, and the service’s website is currently under
development (http://ibn.fm/qjWt9),
according to PFSF. The platform will store product information digitally while
ensuring tracking and recording capabilities through the Internet of Things.
IBM’s Hyperledger Blockchain Backend as a Service (“BaaS”) infrastructure
provides the technological power behind BOAPIN.
For more information, visit the company’s website at www.PacificSoftwareInc.com
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