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.

Leave a Reply