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://ccw.fm/Ku3IJ).
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://ccw.fm/U8jLO), 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://ccw.fm/VqI3E). 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://ccw.fm/BI2ct). 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://ccw.fm/Ov4oI). 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
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