ICA Singapore Speaker Spotlight

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.

Below are a few of Mark’s words. Check out the full article here.

The ICA’s annual trade event truly represents borderless diversity gathered around a common thread. Software technology is becoming a vital part of the overall strategy for efficiency, traceability and trading opportunities. It’s an honour to be given the opportunity to present new innovations that weave into the future of a business collaborative, global cotton supply chain.

In the Know: This Week’s Blockchain Round-up

Blockchain can be confusing to understand sometimes, but that is why we’re here to break it down for you in our weekly blockchain round-up.

Confused about blockchain? Here’s what you need to know

In this article by Matthew Cochrane, he stresses the importance for investors to understand the implication of blockchain technology. His article dives deeper into why so many are excited about blockchain and its potential benefits, and how some companies are already incorporating it into their existing operations.

He goes on to highlight how blockchain technology calls for fewer middlemen to be involved in each transaction, payment processors and banks.

Read more here, via The Motley Fool.


Why the use of blockchain in the cloud is growing quickly

This piece, written by Dave Shackleford, discusses what options are available as organizations could potentially shift away from traditional cryptography models. Shackleford goes on to explain that a few traditional software vendors now have blockchain services for their software-as-a-service (SaaS) cloud offerings.

Read more here, via Tech Target. 


Emerging applications for blockchain

And last but not least, this article by Chalmers Brown is a great read. Brown highlights some of the many ways that blockchain is applied to make a difference in various industries beyond the financial world.

Read more here, via Forbes.

Blockchain Lunch & Learn

This week, our very own Mike Vandenbergh, Director of Emerging Technologies for The Seam, led a blockchain lunch & learn at our headquarters. Mike recently joined us at The Seam after previously working at Micopact Global as Vice President of Information Technology.

Check out a few pictures from the session in the slideshow below.

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The Seam Office Grand Opening

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.

Attendees included: 1. Representatives from The Seam, the Greater Memphis Chamber and Shelby County Mayor Mark Luttrell’s office; 2. Kelly Nelson, Susan Simpson, Teaha Carter and Nikki Barber; 3. Ellen Mitchell, Steve Mitchell and Keith Temple; 4. Jeff Johnson, Tom McCune, Charles Garner, Amy Baine and John Stevens.

This feature appeared in the July 7 edition of the Memphis Business Journal. Grab yourself a copy, and flip to the After Hours section!

 

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In the Know: This Week’s Blockchain Round-up

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.


Blockchain explained: All you need to know about the transaction technology

In this article, Mark Mayne breaks down blockchain technology, explaining it to be a relatively simple concept as a decentralized ledger system that is accessible and secure.

Mayne dives into the history of blockchain, with the Bitcoin blockchain concept first taking place in 1998. From there, he goes further into how this technology is more than just an online currency, with businesses and governments showing interest in blockchain technology for its significant cost savings over traditional centralized databases.

Read more here, via IBC365.


Blockchain: what is it good for, in real-world IT?

In this article, CIO contributor, Chris Bovasso, highlights how blockchain has the chance to recreate the world’s financial systems and how it also has the potential to make IT departments more secure and efficient.

Bovasso sheds light on how transactions work within blockchain technology and how they need to be implemented in order to improve IT.

Read more here, via CIO.


Today’s number is about… blockchain adoption

Blockchain technology should transform the market by 2020, with an expected 80 percent of financial institutions to adopt this concept.

This article mentions the future adoption of blockchain within banks and institutions, and gives new perspectives from companies regarding how they feel about the technology, taken from a report by Bain & Company. The report holds a great deal of new information, but one to know is that 35 percent of institutions express that they will implement this new technology before 2018.

Read more here, via BBVA.

The Seam to present at the American Cotton Shippers Association International Cotton Institute and the Texas International Cotton School this summer

It’s been a busy summer this year for The Seam with Chairman and CEO Mark Pryor presenting on blockchain technology in different parts of the U.S. and in Europe. He recently returned from presenting at the European Cocoa Association in Paris on how this technology has the potential to modernize and transform physical commodities trading.

The Seam is dedicated to educating the industry on the future of the cotton industry, as well as furthering their knowledge on blockchain. In the upcoming weeks, Pryor and Charles Garner, Director of Trading at The Seam, will present at the American Cotton Shippers Association (ACSA) International Cotton Institute at the University of Memphis on June 26, as well as at the Texas International Cotton School in Lubbock, Texas, in August.

The Seam’s involvement in these schools promotes education within the industry. It’s about the education of technology, as it applies to the cotton industry, and The Seam is frequently involved in collaborative efforts like these to do just that. One of the many goals that The Seam has when presenting is to help students understand the significance of working with a system of transactions that are secure, distributed and immutable, enabling companies to work together on a foundation of trust, increased speed and reduced interference. Combined with “smart contracts,” the technology has powerful implications for global trade with cross-border settlement and instantaneous transfer of currency or other assets when defined conditions are met.

Blockchain technology encourages broad involvement with the benefits of a network effect, whereby a service becomes more valuable the more participation it has. With both of these international programs, The Seam hopes to educate students by offering a new perspective on blockchain technology from field to fabric.

The ACSA International Cotton Institute at the University of Memphis

This six week program provides a basic education on all aspects of the cotton industry and its international business environment, offering an in-depth look at cotton from virtually every perspective from production to processing, and manufacturing. This year, the Institute will take place at the Fogelman Executive Conference Center and Hotel at the University of Memphis. Students will attend cotton classing lessons and classroom lectures.

Students at the Cotton Institute will also attend field trips such as a visit to USDA headquarters and a trip to Cotton Inc. in North Carolina.

Texas International Cotton School

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The Lubbock Cotton Exchange, in conjunction with The Fiber & Biopolymer Research Institute and Texas Tech University, is proud to host the 37th session of the Texas International Cotton School. This session will be held August 7-18, 2017 in Lubbock, Texas. The School aims to give students a basic knowledge of U.S. cotton production, processing and marketing systems. The School focuses on staying up-to-date on their curriculum to stay ahead of advances affecting the cotton industry from field to fabric.

The Seam has helped lower the overall costs to market through the use of technology, which aims to gives graduates of this program an understanding of this new technological leap.

The Seam Chairman and CEO presents at the European Cocoa Association in Paris

On June 12, our Chairman and CEO, Mark Pryor, spoke at the European Cocoa Association (ECA) in Paris on how blockchain technology has the potential to modernize and transform physical commodities trading.

“The cocoa blockchain will be transformative for global trade, increasing efficiencies through its secure, trusted, industry-shared, digital ledger,” Mark said.

Mark spoke about the cocoa blockchain as a common digital legend that will soon unite the supply chain. With blockchain technology, documents are cryptographically recorded once and then preserved forever. Cocoa is visibly recorded on the blockchain and controlled by the parties involved and protected from the sight of others.

“For food safety, cocoa blockchain provides provenance and transparency through the immutable recording of transactions, shipments, documents and certifications.”

The ECA is a trade association in Europe that categorizes major companies involved in cocoa bean trade and processing, in warehousing and related logistical activities. Founded in 2000, the Association monitors and reports on developments impacting the cocoa sector at both regulatory and scientific levels. The goal of the ECA is to respond to issues of ongoing globalization, increased regulations and consolidation within the cocoa industry.

“We would also like to thank you for clarifying what could be the Cocoa blockchain – from bean to bar and bar to bean, with the focus on traceability of sustainable cocoa, verification of information, and certification and transactions in an efficient way,” said Catherine Entzminger, ECA Secretary General.

The Association also offers discussions to companies directly or indirectly involved in the cocoa chain from a senior-management level. ECA members represent two-thirds of Europe’s cocoa beans grinding, half of Europe’s industrial chocolate production and 40 percent of the world production of cocoa liquor, butter and powder.

Members of the ECA are directly involved in the cocoa bean trade, processing or production of industrial chocolate. Joining the ECA is a cost-effective way to know regulatory developments that could affect your business before they are even implemented.

To learn more about the ECA, visit www.eurococoa.com.