NetworkNewsBreaks – Pacific Software, Inc. (PFSF
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Posted On: 09/28/2018 6:11:10 PM
NetworkNewsBreaks – Pacific Software, Inc. (PFSF) Developing Blockchain-based E-Commerce Platform
Pacific Software (OTC: PFSF), an emerging development technology corporation, offers product tracking from farm to fare through its blockchain ecommerce trade platform which is currently under development. A recent article discussing the company reads: “The Hyperledger technology offers a number of advantages. Its consensus algorithm is Practical Byzantine Fault Tolerance (PBFT), not the Proof-of-Work (PoW) widely employed by cryptocurrencies. This eliminates the need for the large amounts of power needed to solve cryptographic hash functions and also reduces the time it takes for transactions to be validated, to seconds. In contrast, a transaction with bitcoin, which uses PoW, will only be confirmed after 10 minutes. Hyperledger also allows permissioned systems to be built, which increases the privacy and security of the network. In a permissioned blockchain, an issuing authority grants identities to transactors on the network and assigns the appropriate level of access. The permissioned network can provide privacy by granting different levels of access and provide accountability with a record of all the transactions for an identity. This differs from the bitcoin network, which is publicly accessible.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Pacific Software (OTC: PFSF), an emerging development technology corporation, offers product tracking from farm to fare through its blockchain ecommerce trade platform which is currently under development. A recent article discussing the company reads: “The Hyperledger technology offers a number of advantages. Its consensus algorithm is Practical Byzantine Fault Tolerance (PBFT), not the Proof-of-Work (PoW) widely employed by cryptocurrencies. This eliminates the need for the large amounts of power needed to solve cryptographic hash functions and also reduces the time it takes for transactions to be validated, to seconds. In contrast, a transaction with bitcoin, which uses PoW, will only be confirmed after 10 minutes. Hyperledger also allows permissioned systems to be built, which increases the privacy and security of the network. In a permissioned blockchain, an issuing authority grants identities to transactors on the network and assigns the appropriate level of access. The permissioned network can provide privacy by granting different levels of access and provide accountability with a record of all the transactions for an identity. This differs from the bitcoin network, which is publicly accessible.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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