Business
Pacific Software Inc. Agreement Aims to Use BOAPIN.com Trade Portal to Increase Cross-Border Transactions Between China and Brazil
Pacific Software Inc. Agreement Aims to Use BOAPIN.com Trade Portal to Increase Cross-Border Transactions Between China and Brazil.
About this update from Pacific Software, Inc.
[{"type":"text","content":"\nTORONTO, June 06, 2019 (GLOBE NEWSWIRE) -- via NetworkWire - Pacific Software Inc. (OTC: PFSF) (“Pacific Software” or the “Company”) today announces that it has entered into a Memorandum of Understanding (MOU) with Império Assessoria em Informaçoes LTDA (Império) located in Sao Paulo, Brazil. Pursuant to the MOU, the parties agree to commercially market and promote the activities of the commodities trade portal BOAPIN.com powered by Pacific Software and Atlas Cargo Suite, an agribusiness, logistics management software module owned and operated by Império.\n The MOU and further collaboration between the parties were created in an effort to increase trade between China and Brazil in sectors highly reliant on supply chain transparency, management and efficiency for commodities and products sold. Trade between the two countries is underdeveloped and technology solutions are expected to fuel growth in cross-border transactions and business expansion. BOAPIN.com is uniquely positioned to supply competitive B2B pricing advantages to commodities traders by deploying cutting-edge technologies to its subscribers such as: trading data analytics, search/match interface, smart contracts, artificial intelligence (AI) and blockchain solutions. Given the current economic and trade environment, China is seeking additional commodities trading partners to offset the trade tariffs imposed by the USA. As such, Brazil is a viable supplementary trading partner alternative.    “This collaboration will include the commercial marketing and promotion of the BOAPIN.com platform as a front-end e-commerce solution and the assimilation of ‘Chain Integration Intelligence,’ a client application from the Atlas Cargo Suite into the BOAPIN portal,” stated Peter Pizzino, president of Pacific Software. Design and deployment of future generations of the enterprise applications and solutions will also be released upon completion.” The deployment of the applications, tools and user solutions through the BOAPIN.com platform may include features such as: financial technologies (fintech), export payments, customs clearance, logistics, taxation and product certification.  These and other business technologies may provide competitive advantages to portal subscribers in commo...