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.

Forbes: IBM’s Blockchain Consortium with The Seam Deploys ‘Hyperledger’ for Cotton Trading

U.S. commodities trading and agri-business software provider The Seam, which has cleared or processed over $7 billion through its cloud-based platforms, is forming a blockchain consortium in conjunction with IBM for the billion dollar global cotton industry deployed on the Hyperledger Fabric, with the project kicking off early this year and poised to yield significant efficiencies.

By using a secure, distributed and immutable digital ledger through the blockchain, the protagonists behind the project scheduled to commence over the first quarter of 2017 posit that it enables companies to work together on a “foundation of trust, increased speed and reduced interference.”

Working with IBM, the company headquartered in Memphis, Tennessee, has revealed its intention to lead an “industry-wide collaboration” to create a supply chain and trading ecosystem built on IBM blockchain technology, specifically using the Hyperledger Fabric, which provides a foundation for developing blockchain solutions with a modular architecture, pluggable implementations and so-called container technology.

Read more via Forbes.

Memphis Business Journal: Memphis company working with IBM to trade cotton in the cloud

When IBM CEO Ginni Rometty took the stage as keynote speaker at the FinTech Ideas Festival this month in San Francisco, she mentioned how the tech giant is working with a Memphis agribusiness to improve trading.

“We were just talking about this at the break,” Rometty said. “We also just announced a blockchain consortium with [Memphis-based] The Seam. It’s cotton trading. Well, when a big party wants to make a play, they don’t want the other to see what they’re doing. So these really professional, serious business blockchains allow for what can be seen and what can’t be seen.”

Read more via Memphis Business Journal.