The Seam launches peanut platform with real-time, actionable insights for farmers

MEMPHIS, Tenn., October 3, 2017 – The Seam, a leading provider of agribusiness software and trading solutions, today announced the launch of new business intelligence tools to provide peanut farmers and handlers with actionable data for changing or improving practices both on and off the farm.

Instant grading and inspection information is now available to peanut farmers through automated text messaging and includes foreign materials, grade, moisture levels and other attributes. A new online Producer Portal provides access to graphical metrics and more detailed intelligence, including inspection certificates, contract documents, farm purchase reports, electronic warehouse receipts and so forth. This technology, which is the first of its kind in the peanut industry, comes at the optimal time with this year’s historic-sized crop.

“Just as businesses rely on instant, meaningful data for making sound decisions, so do farmers,” said Mark Pryor, Chairman and CEO at The Seam. “This technology provides the insights needed to quickly adjust practices ‘on-the-spot’ for increasing efficiency and value, thereby saving time and money. We’re excited to get this software into the hands of more producers and handlers, as it pushes us another step toward our mission of investing in the industry, providing modernization to agriculture and being a truly collaborative partner to our customers.”

Continue reading The Seam launches peanut platform with real-time, actionable insights for farmers

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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.

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.

The Seam Office Grand Opening in the Memphis Business Journal

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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Memphis Agritech: The Seam launches blockchain venture, considers strategy for product roadmap, global footprint

The Seam Chairman and CEO Mark Pryor was interviewed for a May 11, 2017, story on Venture Nashville, the full text of which is available via this link. Below are a few portions of the Chairman’s comments in that story, summarized by The Seam.

The Seam, the Memphis-based creator of agribusiness software and trading and settlement solutions, has created The Seam Blockchain LLC startup. The Seam Chairman and CEO, Mark Pryor, said the company is “actively in discussions” with “powerful tech companies and [ag-commodity] businesses” globally about its plans to extend its offerings beyond [its] long-standing global cotton and peanuts customer bases, to serve players in cocoa, coffee and other sectors, as well.

The Seam and its Blockchain unit aim to quickly move well beyond proof-of-concept work with Blockchain. Asked about the possible extent of its future supply-chain innovations, Pryor indicated that he sees a broad array of use-cases and opportunities, adding that cotton has a presence “from field to fabric” and peanuts have life “from seed to shelf.”

Pryor said the new wholly owned subsidiary is essential to pursuit of the company’s Blockchain-centric agenda, and will allow the company to achieve “the network effect” of global industry participation that it needs.

He explained, “we have worked closely with IBM and the Hyperledger Fabric since January, but are also increasingly working with Ethereum, while reviewing Corda, in parallel. These Blockchain technologies will soon be interoperable, which make it very important for us to have a solid understanding and experience for bridging cross-industry transactions,” in which, for example, banking might prefer Corda, while agribusiness might align with Ethereum or Fabric.

“I think Blockchain is absolutely revolutionary,” said Pryor. He noted that the challenge of widespread Blockchain adoption “is not so much about technology as about research and education” that help people understand the significance of “working with a system of transactions that are immutable, irrefutable.”

What developers need to know about the Hyperledger Project

The Seam Cotton Blockchain

At DeveloperWeek, an IBM executive explains how blockchain efforts like the Hyperledger Project are going to change the way financial services and agritech companies do business.

The core concepts are still in their early stages. One prototype is already being implemented by The Seam, a multibillion cotton exchange. IBM has an experimental Bluemix blockchain cloud service now available. A more refined implementation based on Hyperledger fabric is coming soon.

Read more via TechTarget.

IBM CEO Ginni Rometty’s keynote at the FinTech Ideas Festival 2017

At the 2017 FinTech Ideas Festival, IBM CEO Ginni Rometty discussed cognitive business, recent developments with blockchain and the future of finance, as well as our work to form a cotton blockchain using the Hyperledger Fabric.

The Seam is mentioned around the 18:00 mark.