- Company’s
blockchain-based solution is able to track agricultural products from farm
to table, providing an accurate, tamper-proof record
- Company
has a working relationship with IBM, as well as the government in the
Brazilian state of Rondônia and some of the largest e-commerce companies
in China
Pacific Software, Inc. (OTC: PFSF), an emerging development
technology corporation and master licensor of Hyperledger blockchain-based
systems, was recently featured in an interview by NewEconomies.com (http://ibn.fm/Z4UWb). Pacific
Software President Peter Pizzino sat down with New Economies hosts Lucce
Cervigni and Alice Hlidkova in the Nasdaq Times Square studio to talk about
Pacific Software and the company’s recent developments and achievements.
Pizzino commenced the interview by talking about Pacific
Software and the company’s business model, describing Pacific Software as a
development technology company investing in blockchain applications. The
company’s first application, currently being rolled out, integrates blockchain
and e-commerce within the agriculture space. This “agri-blockchain” technology
will make it possible to track the provenance of food products, creating an
accurate record from origin to point of sale and thereby addressing current
problems relating to food exports, such as lack of transparency, product
integrity issues, recordkeeping inefficiencies and more.
Pacific Software has developed a working relationship with
the local government in the Brazilian state of Rondônia, one of Brazil’s
largest agricultural regions, to assist in enhancing the exportation of
agricultural products to China.
The company’s farm-to-table blockchain solution is a
game-changer, completely transforming the verification and certification
process for exported agricultural goods. With news about zombie meat scares and
food product recalls dominating headlines around the world, the ability to
accurately track the entire journey of a product, from origin to final
destination, and to eliminate fraud, human error and other issues, will have a
widespread impact for producers, exporters, importers and consumers alike.
Pacific Software’s solution will not only give importers and
consumers much-needed reassurance regarding the origins, safety and quality of
food products; it could further save companies significant time and resources
in the event that a product becomes subject to a recall. Providing an
error-free, tamper-proof record covering the entire supply chain, this
blockchain-based solution can pinpoint the precise origin of contamination, for
instance, and thereby enable a narrow, focused and efficient recall of affected
products.
The first aspect of Pacific Software’s business model is the
implementation of its blockchain applications, and the second is commerce. The
company’s commerce-related endeavors are primarily geared to the Chinese
market, and Pacific Software is developing relationships with the largest
e-commerce companies in China through the help of its partners in that country,
with the ultimate aim of building a trade bridge into China through its
blockchain/e-commerce portal.
Pacific Software’s next step is to implement its application
for customers.
For more information, visit the company’s website at www.PacificSoftwareInc.com
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