- Pacific Software begins development of blockchain-based B2B/B2C e-commerce platform
- Product tracking from farm to fare
- System will gather data from devices linked to Internet of Things
With the development of its blockchain ecommerce trade platform, Pacific Software, Inc. (OTC: PFSF) offers the prospect of supply chains with a level of transparency and integrity that is sorely lacking in current systems. By its immutability, which makes it impossible to game, and its capacity to track products, the technology will identify origins; speed up the removal of contaminated food in agricultural channels; and flag fraud. Undertaken using IBM’s Hyperledger Blockchain ‘Backend as a Service’ (BaaS) infrastructure, the PFSF platform will have the capability to record, store and track digital product information, such as farm origination details, batch numbers, factory and processing data, expiration dates, storage temperatures and shipping details. In addition, PFSF is working to incorporate data from devices, such as barcode and RFID readers, connected to the internet. By linking to the ‘Internet of Things’, the PFSF platform will make complex supply chains safer and a great deal more manageable.
Managed by the Linux Foundation, the Hyperledger Project is an undertaking meant to facilitate collaboration among developers aiming to apply the blockchain concept to transactional markets other than cryptocurrencies. The initiative was launched in…
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