Commodity trading and management system The Seam announced that they are working closely with IBM to create a consortium of the cotton industry devoted to the creation of blockchain based “trade supply chain and the ecosystem.” Efforts will utilize blockchain IBM technology and expertise, and will use Fabric Hyperledger in the industry-first.
U.S. commodities specialist The Seam is setting up what is thought to be the first trading system for the global cotton industry built on blockchain technology.
The Seam, a commodities trading and agribusiness software provider has partnered with IBM to form a blockchain consortium for the global cotton industry. The company intends to lead an industry-wide collaboration initiative to create a supply chain and trading ecosystem built on IBM blockchain technology, specifically using the hyperledger fabric.
The U.S. software provider of commodity trading and agribusiness The Seam, which has cleared or processed over $7 billion dollars through its cloud – based platforms, is forming a blockchain consortium with IBM for global industry cotton Fabric Hyperledger deployed. Beginning earlier this year and prepared to produce significant efficiencies.
The Seam, a commodities trading and agribusiness software provider, today announced that it is forming a blockchain consortium for the global cotton industry. Working with IBM, the company intends to lead an industry-wide collaboration initiative to create a supply chain and trading ecosystem built on IBM blockchain technology, according to a press release issued today.
Blockchain in the industry! A blockchain profile consortium for the cotton industry enterprises was created by American company The Seam, based on IT-giant IBM’s project Hyperledger Fabric.
The Seam is an American company focused on providing technological and cutting-edge solutions to the trade and exchange of the farming sector, especially in the cotton industry. Since its inception the company has maintained its innovative nature and was the first to accommodate the first online trade for this raw material. Therefore, the company recently announced the formation of a consortium with IBM to use blockchain technology in order to improve processes in the complex cotton industry.