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.

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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.

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.

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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In the Know: This Week’s Blockchain Round-up (July 10, 2017)

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.