Pacific Software, Inc. (PFSF) Aiming to Build Digital Silk Road with Blockchain eCommerce Platform

December 20, 2018 09:00:29
  • Pacific’s B2B cross-border platform aims to facilitate trade expansion
  • China strengthens trade ties with Latin America
  • Blockchain technology holds promise to improve food safety and quality

Different times call for different measures. In antiquity, caravans traversed the 4,000 miles between China and the West bearing silk, spices and news. They traveled along what is now known as the Silk Road, a term coined by German explorer Baron Ferdinand von Richthofen in the late nineteenth century. But that was then. Today, both goods and information can travel by other channels. While trade must go by train, boat and plane, trading information between East and West can occur electronically through a platform like the one being developed by Pacific Software, Inc. (OTC: PFSF). The tech company is out to facilitate trade between China and Brazil with an e-commerce trade platform that looks set to become an important hub in a digital Silk Road.

Trade between China and Brazil looks set to increase. Although China has been Brazil’s largest trading partner since 2009, trade between the two giants is a fraction of what it might be. Currently, exports and imports between the two countries run at around $40 billion per annum. This is a mere seven percent or so of the $600 billion traded between the U.S. and China. Moreover, the incentives for China to diversify its trading relationships are intensifying. The Trump administration’s approach is likely to keep trade between…


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