- Pacific Software has opened a Hong Kong office and retained an adviser to lead its operations in China
- The hyperledger systems developer expects to complete a blockchain-based software platform by month’s end to manage supply tasks
- Supply chain management is particularly crucial to the food industry, which has dealt with high-profile contamination concerns during the past year
- The company’s e-commerce portal and trade platform will also provide services in smart contracts, digital marketing and fintech
Two days before Thanksgiving, the U.S. Centers for Disease Control (CDC) issued a warning to the entire country — don’t eat romaine lettuce. For the second time this year, restaurants and grocers found themselves pressured to toss their inventory for fear it might be among the produce tainted by the E. coli bacteria, and the Thanksgiving cooks at home had to decide if they needed to do something different for salads. Emerging technology development business Pacific Software Inc.’s (OTC: PFSF) foray into blockchain-based agricultural supply chain management envisions a world in which such incidents are limited in scope, and the source of the contamination is more rapidly ferreted out.
Pacific Software is a designer and developer of hyperledger blockchain-based systems that is focusing its resources on agricultural and drug trade supply lines. The company’s farm-to-table blockchain solution aims to help the market follow the distribution of products such as heads of romaine lettuce, particularly through the use of Internet of Things (IoT) barcode or RFID technology that can allow easy application with handheld computers.
The U.S. Food and Drug Administration ultimately determined that this fall’s E. coli outbreak could be traced back to a specific Santa Maria, California, farm and potentially others, as well, according to an announcement (http://nnw.fm/WSe0O) by the federal agency on December 13 that led the identified farm to recall three additional types of produce “out of an abundance of caution.”
The fall E. coli outbreak sickened a reported 59 people from 15 states and Washington, D.C., hospitalizing nearly half of them (http://nnw.fm/8ylJw). None died, but in the E. coli taint incident linked to romaine lettuce in Arizona between March and June of last year, five of the 210 sickened people died, and the specific farm from which the lettuce originated was never able to be identified. While the two cases do not appear to be related, the E. coli strain involved in the latest case appears to have the same genetic fingerprint as one that sickened people in the United States and Canada late last year, according to the Washington Post (http://nnw.fm/U5Rrm). The source of that contamination was also never identified.
“The quick and aggressive steps we’re taking today are aimed at making sure we get ahead of this emerging outbreak, to reduce risk to consumers, and to help people protect themselves and their families from this foodborne illness outbreak. This is especially important ahead of the Thanksgiving holiday, when people will be sitting down for family meals,” FDA commissioner Scott Gottlieb told the Post after the most recent romaine alert was issued.
Pacific Software is developing a multi-lingual software platform designed not only to protect the agricultural pipeline domestically from such a nationwide scare, but to safeguard the international transport of food products, as well (http://nnw.fm/e2z9E). The e-commerce portal and trading platform is scheduled for release at the end of Q1 2019, and it is expected to provide services that include blockchain solutions, smart contracts with a search interface, digital marketing and fintech applications.
The company announced on November 29 that it had opened an office in Hong Kong, and it has retained experienced investment businessman Wallace Lo to serve on its advisory board and to oversee its business operations in China (http://nnw.fm/y5zNE).
“Reassurance regarding the provenance, safety and quality of products delivered may save exporters significant time and resources in the event a product becomes subject to recall,” the company stated in making the announcement. Through the use of its blockchain-based solution, “an error free, tamper proof record covering the entire supply chain may be provided which could pinpoint the precise origin of any contamination, thereby enabling a narrow, focused and efficient recall of the affected products.”
For more information, visit the company’s website at www.PacificSoftwareInc.com
About NetworkNewsWire
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 888-902-4192 (U.S. Mobile Phones Only)
For more information, please visit https://www.networknewswire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.networknewswire.com
212.418.1217 Office
[email protected]
