- Ecommerce platform fostering international trade between Brazil and China
- Based on marquee hyperledger blockchain technology
- Built on IBM Hyperledger Blockchain BaaS Infrastructure
Since the publication of Adam Smith’s ‘The Wealth of Nations’ in 1776, which, among other things, set out the theory of absolute advantage, and David Ricardo’s ‘On the Principles of Political Economy’, published in 1819, which introduced the advantageous subtleties of comparative advantage, no sensible person has sought to deny that international trade has its benefits. Even if a nation were the most efficient producer of all goods and services, it could still profit from trade because of the inescapable toll of opportunity cost. Economic resources are scarce and so making one thing always means not producing some other thing. Consequently, rather than trying to be a jack of all trades, which inevitably means being master of none, a nation should specialize in what it does best. In line with that economic theory, accepted by the U.S. Chamber of Commerce, Pacific Software, Inc. (OTC: PFSF) is now out to facilitate global trade (http://nnw.fm/4b3AJ). The company has announced the signing of a definitive agreement to begin construction of its proprietary ecommerce trade platform.
Under the agreement, Cobalt 47 Technologies Ltd., a spin-off of KBQuest Group, will commence construction of Pacific Software’s multi-lingual e-commerce B2B and…
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