- 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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