The Seam Newsroom
The Seam‘s Chairman and CEO, Mark Pryor, will present at ICA Singapore this October. Mark was recently featured in the association’s Speaker Spotlight, which highlighted his previous work and achievements.
Greater Memphis Chamber president Phil Trenary and various cotton, peanut and other commodity industry leaders were present as The Seam celebrated its expanded agritech operations this past April. The expansion came after an announcement in January that it was working to form a blockchain-based ecosystem for global trading and field-to-fabric supply chain innovations.
In this week’s blockchain round-up, we have compiled three articles on this hot topic. Each one offers a unique perspective into blockchain technology, with an article on the technology’s background to articles on how it will improve IT and its adoption within banks and institutions.
Our Chairman and CEO Mark Pryor is in Berlin, Germany, today speaking at the BCI 2017 Global Cotton Conference on developments in the cotton supply chain. One innovation we’re most proud of is the integration of Blockchain technology, which will help drive efficiencies to global trade as a whole by decentralizing, securing and distributing the data into a single source.
The Seam Chairman and CEO Mark Pryor was interviewed for a May 11, 2017, story on Venture Nashville, the full text of which is available via this link. Below are a few portions of the Chairman’s comments in that story, summarized by The Seam.
At DeveloperWeek, an IBM executive explains how blockchain efforts like the Hyperledger Project are going to change the way financial services and agritech companies do business.
U.S. commodities trading and agri-business software provider The Seam, which has cleared or processed over $7 billion through its cloud-based platforms, is forming a blockchain consortium in conjunction with IBM for the billion dollar global cotton industry deployed on the Hyperledger Fabric, with the project kicking off early this year and poised to yield significant efficiencies.
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.
The cotton industry may evoke images of rural farmers and old Memphis industry, but modern-day businesses rely heavily on cutting-edge technology for production and trade.
In another example of how IBM is using blockchain, it also just announced that it’s partnering with The Seam, a commodity trading and management systems company, to create a cotton industry consortium devoted to the creation of a blockchain-based “supply chain and trading ecosystem.” The effort will make use of IBM’s blockchain technology and expertise and will use IBM’s Hyperledger Fabric in an industry-first.