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.

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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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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.

The Seam Chairman and CEO Speaks on Blockchain Technology at the BCI 2017 Global Cotton Conference

Our Chairman and CEO Mark Pryor is in Berlin, Germany, today speaking at the BCI 2017 Global Cotton Conference on developments in the cotton supply chain. One innovation we’re most proud of is the integration of Blockchain technology, which will help drive efficiencies to global trade as a whole by decentralizing, securing and distributing the data into a single source.

Mark Pryor, CEO of The Seam

To learn more, visit http://bettercotton.org/get-involved/events/bci-2017-global-cotton-conference-and-member-meeting-berlin/.

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.

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.