As a co-sponsor of Latin America Night at the 124th session of the Canton Fair PDC (Product Development Council) Design Show in Guangzhou, China, in early November, representatives of Pacific Software, Inc. (OTC: PFSF) fostered emerging connections with high-level government contacts and prominent importers, a news release states (http://ccw.fm/Us0XY). The company’s expertise in e-commerce marketing solutions utilizing IBM’s Hyperledger Blockchain “Backend as a Service” (BaaS) infrastructure was a highlight in several discussions as connections were fostered with both government contacts and prominent private importers.
Pacific Software executive management team members also capitalized on their time in China by hosting and cosponsoring several events at the Canton Fair and during the first ever China International Import Expo (CIIE) held in Shanghai. The CIIE attracted companies from around the globe in a bid to seal import/export deals with potential partners. According to several media reports, nearly $58 billion in planned deals for the upcoming year are now in the works (http://ccw.fm/q74Hx).
The potential to boost trade between China and Brazil, the largest countries in Asia and South America, respectively, is significant. China is already Brazil’s largest trading partner, with exports from Brazil to China hovering around $40 billion per year. Pacific Software seeks to expand that trade relationship with a proprietary e-commerce trade platform under development that could also generate additional trade between other Asian and Latin American countries.
Pacific Software’s e-commerce platform will digitalize the trade process, which includes product certification, marketing, logistics, trade finance, cross-border payment solutions and customs clearance through smart contract technology for global supply chain management. The company has commissioned Cobalt 47 Technologies Ltd., a spin-off of KBQuest Group, to construct its multi-lingual e-commerce B2B and B2C trade platform using IBM’s BaaS infrastructure (http://ccw.fm/4V1Yt). KBQuest Group, Inc. is a leading Microsoft distributor in China and was named ‘Microsoft SQL Partner of the Year 2017’.
The IBM BaaS platform is uniquely capable of tracking, recording and storing a variety of digital product information that makes agri-business more transparent and secure. This technology, which will integrate blockchain components and has the ability to link to the “Internet of Things,” will increase reliability and response time in the supply chain. As an emerging development technology corporation, Pacific Software’s trip to China was an undeniable success. The company will continue to foster trade between China and Brazil and has plans to open an office in Shanghai, China, to serve as a crossroads for business, development and networking opportunities.
For more information, visit the company’s website at www.PacificSoftwareInc.com
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