Department of Agriculture Announces New Agribusiness Development Grant

This week, the Tennessee Department of Agriculture announced the Agriculture Enterprise Fund (AEF), a new agribusiness development grant that will provide assistance to new and expanding Tennessee agriculture and food businesses.

The AEF is an incentive program, with goals of eliminating distressed counties in Tennessee by 2025. It will focus on increasing on-farm income, farmers access to markets and agricultural innovation. The program supports Governor Bill Haslam’s priority of economic development and job creation, and is administered by the Department of Agriculture in conjunction with the Department of Economic and Community Development, a Rural Task Force partner.

It is encouraged that interested applicants apply for a grant soon, as the Department of Agriculture is accepting applications on a rolling basis. You can visit this webpage for further details on how to apply.

To check out more from the original post, visit TN Department of Agriculture.

In the Know: This Week’s Blockchain Round-up (August 18, 2017)

The world of blockchain is changing every day. Check out our weekly round-up to stay in-the-know on this evolving technology.

What’s in my food? DNA sequencing, blockchain provide a closer look

Blockchain will be available to grocers in the coming years, helping to record every time a product moves through the supply chain. This, in turn, will create an immutable digital record of movement from where the food has been.

Read more here, via San Francisco Chronicle.

How Blockchain Could Shape International Trade

Blockchain will be used by businesses and financial institutions, having an overall impact on global commerce. Adopting blockchain could reduce the widespread friction in the global economy, which could benefit importers and exporters who would be granted access to financial backing.

Read more here, via Foreign Affairs.

Blockchain May Give Rise to Even Smarter B2B Marketplaces

As the dot-com boom crested two decades ago, we saw a wide range of online B2B exchanges emerge across key industries, promising electronically delivered communications and trading between hubs, suppliers, customers and other parties. Now, blockchain is entering the enterprise mainstream.

Read more here, via Forbes.

In the Know: This Week’s Blockchain Round-up (August 11, 2017)

The world of blockchain is changing every day. Check out our weekly round-up to stay in-the-know on this evolving technology.

Arkansas Farming Cooperative Trials Blockchain to Track Chicken Shipments

A livestock farming cooperative in Arkansas will use blockchain to track the shipment of chicken, by scanning and tracing the transaction. The goal of the cooperative is for customers to learn about how the final product was crafted. This is the latest indication of tracking the movements of physical goods using blockchain technology.

Read more here, via Coindesk.

Practical Examples of How Blockchains Are Used in Banking and the Financial Services Sector

It’s predicted that blockchain, with its wide-reaching implications, will transform financial services, businesses and industries. By 2025, 10 percent of GDP will be stored on a blockchain or blockchain-related technology, according to a recent World Economic Forum report.

Read more here, via Forbes.  

From Farm to Fork: Your Food’s Entire History on the Blockchain

Blockchain can record the data from food sensors, which will help the overall transparency, security and automation on the global food supply chain. This will have a positive impact on the food ecosystem.

Read more here, via NASDAQ.

Blockchain and Retail: Four Opportunities

Since blockchain is a distributed ledger, this makes counterfeiting a lot harder. This technology will make it possible for an item’s history to have a verifiable record, which is great news for suppliers, manufacturers and shippers. It will also help to track the country of origin and product safety.

Read more here, via Forbes.

In the Know: This Week’s Blockchain Round-up (August 4, 2017)

The world of blockchain is changing every day. Check out our weekly round-up below to stay in-the-know on this evolving technology.

When blockchain meets big data, the payoff will be huge

Blockchain is becoming more mainstream, with audit trails and consensus-driven timestamping, to technology making an impact in the cost of storing data and the amount and quality of data available.

Read more here, via Venture Beat.

Big business booming with blockchain interest

57 percent of the world’s biggest companies and corporations are currently looking into blockchain technology as a potential integrated solution for various problems. 60 percent are actively considering the process of implementing the technology.

Read more here, via Cointelegraph.

Industries are ready for blockchain take off

The year 2018 could be a real breakthrough for blockchain technology within a number of industries. The information provided in this article was taken from a survey, where large companies are either considering or in the process of incorporating blockchain.

Read more here, via Finextra.  

The Seam presents at the APSA & NPBPA Pre-Harvest Meeting in Georgia

The Seam Chairman and CEO, Mark Pryor, presented at the 2017 pre-harvest meeting hosted by the American Peanut Shellers Association (APSA) and the National Peanut Buying Points Association (NPBPA) in Cordele, Georgia, this week.

Pryor spoke about the need for, and current lack of, business software technology in the agricultural industry, how real, actionable reporting benefits the industry, and how blockchain technology will provide “trusted” data for food safety and a wide range of sustainability initiatives.

It was also at the pre-harvest meeting that The Seam announced that it will provide grading data directly to the producer through SMS alerts this season.

Committee meetings were held on Tuesday, August 1, and the general business session was held the following day, with a welcome from U.S. Congressman Austin Scott. Those in attendance heard from a variety of speakers, like The Peanut Institute and the latest from Georgia Federal-State Inspection.

Check out our pictures below from the event.

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In the Know: This Week’s Blockchain Round-up (July 28, 2017)

The world of blockchain is changing every day. Check out our weekly round-up below to stay in-the-know on this evolving technology.

Blockchain Technology Global Market 2017 Trend, Segmentation and Opportunities Forecast to 2027

This post focuses on the blockchain industry, and how the application of this technology has shifted to different areas, from payments to documentation, offering essential benefits like trustless exchange, durability and reliability.

Read more here, via KFM BFM.

Building the Future of Finance with Blockchain

Learn how Chief Financial Officers (CFOs) can incorporate blockchain into their future finance function. CFOs are focused on new skill development and technological transformation, and blockchain technology will play a major role in reshaping finance as we know it today.

Read more here, via Financial Executive International.

 The Rate of Blockchain Patent Applications Has Nearly Doubled in 2017

Another good read to end this week’s round-up, this article highlights the doubled cryptocurrency and blockchain-related patent applications being submitted and published in the U.S. The article goes on to discuss how blockchain is experiencing a research and development boom.

Read more here, via Coindesk.

What Every CEO Must Understand About Blockchain Technology

Techvibes posted an insightful article recently titled, “What Every CEO Must Understand About Blockchain Technology” which breaks down what exactly blockchain is and highlights five main things that CEOs should know about the technology.

Here are a few takeaways:

  • Blockchain has grown to become a way of removing the friction that exists when using middle men, and is currently being looked at by corporations around the globe to settle transactions. These transactions involve everything from mortgages to shipping container contents to cross-border payments.
  • With blockchain, companies can resolve transactions in seconds instead of days. It also helps to reduce tampering, fraud and cybercrime.
  • 65 percent of banks plan to start using blockchain by the end of this year, according to IBM. It’s predicted that other industries will catch on to this technology such as healthcare, gaming and government ID creation to name a few.
  • Now is the perfect time to integrate blockchain for companies that would like to transform their industry.
  • Business leaders need to identify which model they plan to transform early on, as blockchain will impact banking in all different areas like retail payments, reference data and consumer lending.