When IBM CEO Ginni Rometty took the stage as keynote speaker at the FinTech Ideas Festival this month in San Francisco, she mentioned how the tech giant is working with a Memphis agribusiness to improve trading.
“We were just talking about this at the break,” Rometty said. “We also just announced a blockchain consortium with [Memphis-based] The Seam. It’s cotton trading. Well, when a big party wants to make a play, they don’t want the other to see what they’re doing. So these really professional, serious business blockchains allow for what can be seen and what can’t be seen.”