On June 12, our Chairman and CEO, Mark Pryor, spoke at the European Cocoa Association (ECA) in Paris on how blockchain technology has the potential to modernize and transform physical commodities trading.
Chain Business Insights, LLC, an independent research firm, released its first benchmark survey on blockchain in supply chain. The firm, which focuses on the application of blockchain in supply chain management and trade finance, states that the survey provides the current state of play of blockchain in the industry, and can be effectively monitored for change.
On May 25, The Seam Chairman and CEO Mark Pryor, presented on cotton blockchain technology at the American Cotton Shippers Association (ACSA) annual convention. The ACSA is a respected trade association in the U.S. and abroad that represents the merchants of raw cotton.
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.
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.
MEMPHIS, Tenn., May 10, 2017 – The Seam, a leading provider of agribusiness software and trading solutions, today announced a new multi-year agreement with a major peanut shelling organization for its growing commodity management platform.
At the heart of a Denver-based company’s recent crisis was the ever-present problem faced by companies that depend on multiple suppliers to deliver parts and ingredients: a lack of transparency and accountability across complex supply chains. Unable to monitor its suppliers in real time, this company could neither prevent the contamination nor contain it in a targeted way after it was discovered.
MEMPHIS, Tenn., March 16, 2017 – The Seam, a commodities trading and agribusiness software provider, today announced it is expanding operations in the Memphis area and will move to 3400 Players Club Parkway, part of the Southwind Office Plaza. The transition comes after the company’s announcement in January that it is working with IBM and cotton industry leaders to create a blockchain-based ecosystem for global trading and field-to-fabric supply chain innovations.
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.