Commodity trading and management systems company The Seam announced that it is collaborating with IBM to create a cotton industry consortium devoted to the creation of a blockchain-based “supply chain and trading ecosystem.” The effort will make use of IBM’s blockchain technology and expertise, and will use the Hyperledger Fabric in an industry-first.
Commodities markets rarely feature in blockchain conversations, but if Memphis-based commodities brokerage The Seam and their technology partners at IBM and Hyperledger are successful, cotton will be the first commodity where an industry-wide consortium takes advantage of a blockchain to improve the trade process.
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.