- 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
