Blockchain can be confusing to understand sometimes, but that is why we’re here to break it down for you in our weekly blockchain round-up.
This week, our very own Mike Vandenbergh, Director of Emerging Technologies for The Seam, led a blockchain lunch & learn at our headquarters. Mike recently joined us at The Seam after previously working at Micopact Global as Vice President of Information Technology.
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.
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.
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., January 5, 2017 – 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 (NYSE:IBM), 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.