IoT M2M Council: The Seam forms cotton blockchain consortium with IBM

Memphis-based commodities trading and agribusiness software provider The Seam is forming a blockchain consortium for the global cotton industry. Working with IBM, the company intends to lead an industry-wide collaboration initiative to create a supply chain and trading ecosystem built on IBM blockchain technology, specifically using the Hyperledger Fabric.

Combined with “smart contracts”, blockchain has implications for global trade with cross-border settlement and instantaneous transfer of currency or other assets when defined conditions are met.

Read more via IoT M2M Council.

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