Business
Pacific Software, Inc. Receives Letter of Intent from Brazil’s Government of Rondonia
Pacific Software, Inc. Receives Letter of Intent from Brazil’s Government of Rondonia.
About this update from Pacific Software, Inc.
[{"type":"text","content":"\n\n Pacific Software, Inc. launches initiative to enter Brazil’s $185 billion export market through its association with the Government of Rondonia and some of its commodities exporters DANA POINT, CA, July 17, 2018 (GLOBE NEWSWIRE) -- Pacific Software, Inc. (OTC: PFSF:PK),(“Pacific Software” or the “Company”),a publicly traded emerging technology corporation positioned for investments, mergers and acquisitions of software technologies and platforms, today announced that it received a letter of intent from Brazil’s Government of Rondoniadated May 25, 2018 to assist, coordinate, organize and promote trade between Brazil’s commodities exporters and China’s importers. The company’s effort will be facilitated by the design and launch of its B2B/B2C trade portal and its Agri-Blockchain technology solutions for the export supply chains and logistics sectors. According to the World Bank, Brazil’s exports exceeded $185 billion in 2016; agriculture and meats made up approximately $70 billion of total exports.   Pacific Software Inc. aims to become the dominant player in supply chain and logistics solutions in Brazil through its proprietary state-of-the-art blockchain technology trade portal now under design with KB Quest and its collaboration with IBM’s Hyperledger Blockchain Infrastructure Backend as a Solution (BaaS).  The Company may lead a trade delegation with a possible visit to China in the near future to further discuss trade relations between Brazilian exporters and Chinese importers with the emphasis on agricultural products such as beef, pork and soy beans in collaboration with the Government of Rondonia in Brazil.  The launch of its B2B and B2C E-commerce platform which may be built on IBM’s blockchain software could feature multi-level, multi-channel trade portal capabilities available in Cantonese, English, Portuguese and Mandarin. The platform is designed to empower users to track the provenance of products from producers to exporters to buyers, assuring audit-trails and a transparent chain of custody. The portal could issue and validate certifications for all participants in addition to conducting audits of certificates, aiding exporters, importers, distributors and food exchanges for consumers. In addition, th...