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.

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 (July 21, 2017)

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.