The Seam Joins Field to Market to Link Sustainability Data with Blockchain Technology

MEMPHIS, Tenn.February 22, 2018 – The Seam, a leading provider of agribusiness software and trading solutions, today announced its affiliate membership with Field to Market, an alliance for sustainable agriculture dedicated to defining, measuring and advancing the sustainability of food, fiber and fuel production.

The Seam“We are excited to join Field to Market to begin integrating sustainability metrics and associated algorithms from the Fieldprint Platform into The Seam’s agribusiness software products,” said Mark Pryor, Chairman and CEO at The Seam. “Combined with blockchain technology, these integrations provide us with a powerful new tool set for delivering provable sustainability attestations, selective transparency, data security and privacy through a comprehensive platform.”

Field to Market began as a conversation on sustainability between agricultural supply chain stakeholders back in 2006. Since then, it has built a diverse group of more than 125 members representing all facets of U.S. agriculture, which includes grower organizations; agribusinesses; food, beverage, restaurant and retail companies; conservation groups; universities and public-sector partners. Its Fieldprint Platform, which links all points on the agricultural value chain, is a pioneering assessment framework that empowers brands, retailers, suppliers and farmers at every stage in their sustainability journey, to measure the environmental impacts of commodity crop production and identify opportunities for continuous improvement.

Notable agribusiness members of Field to Market include American Peanut Council, Cotton Incorporated and the National Cotton Council, all of which The Seam is involved with as well.

About The Seam
The Seam was founded by leading global agribusinesses and specializes in custom software development, commodity trading and management systems. In December 2000, it began operating the world’s first online, anonymous exchange for cotton trading. Since that time, the company has leveraged its software and development expertise in agriculture to expand into other commodity segments, including peanuts, grains and dairy. The Seam is a proven leader in the agritech space, having cleared or processed more than $8 billion through its platforms, and recently launched innovative business intelligence tools for peanut producers and handlers. For more information, visit www.theseam.com.

About Field to Market
Field to Market: The Alliance for Sustainable Agriculture is a diverse collaboration working to create opportunities across the agricultural supply chain for continuous improvements in productivity, environmental quality and human well-being. Its work is grounded in science-based tools and resources, unparalleled, system-wide collaboration and increased supply-chain transparency. For more information, visit fieldtomarket.org.

January Employee of the Month: Eric Garrison

A native Californian, Eric moved to Memphis in the mid 1990s with his grandparents. A very involved member of the Memphis community, Eric graduated from Houston High School, where he then went on to attend and become a graduate of Southwest Tennessee and the University of Memphis. He also has a younger sister who attends Cecil C. Humphreys School of Law at the University of Memphis.

Eric’s degree in engineering technology prepared him well for his position as a senior developer here at The Seam, and he is an integral part of our company.

He currently serves on the media team for The Life Church, where he performs the many audio/visual tasks necessary for each service, and trains others in his skills.

His recent travels include a visit to Hong Kong, with the Damascus Road Leadership Team, to assist Lifehouse International Church with their English summer camp for local children.

Eric was presented with an Amazon gift card, and he has chosen Memphis Dream Center, whose vision is to see rescued individuals building a city of hope, as The Seam’s donation.

We are honored to award him with the title of January Employee of the Month!

Screen Shot 2018-01-24 at 5.52.00 PM

The Seam adds five agribusiness leaders to Board of Directors

MEMPHIS, Tenn., Jan. 9, 2018 – The Seam, a leading provider of agribusiness software and trading solutions, today announced that it has recently added five new board members, who will continue to help guide and position the company as a leader in agritech. Joining The Seam’s Board of Directors are Kevin Brinkley, Jay Hardwick, Tommy Hayden, Hank Reichle and Krista Rickman.

theseam-logo“We are fortunate to have global-leading agribusinesses and industry thought leaders serving on our board,” said Mark Pryor, Chairman and CEO at The Seam. “True innovation requires the right combination of technology and business know-how. The accumulative industry knowledge and experience of our board and leadership team provide a globally-reputable foundation for developing agriculture technology solutions of the future.”

Brinkley joins the board representing Plains Cotton Cooperative Association (PCCA), where he serves as the President and CEO. PCCA is one of the largest originators of U.S. cotton to textile mills worldwide.

Hardwick represents EWR Inc., a company that provides electronic warehouse receipt solutions for a variety of industries like cotton and peanuts. Hardwick is the past Chairman of Cotton Incorporated, National Cotton Council and American Cotton Producers.

Hayden was selected to the board as a representative of Louis Dreyfus Company, where he serves as the Chief Operating Officer – Cotton Platform.

Reichle serves as the Executive Vice President of Staple Cotton Cooperative Association (Staplcotn), one of the largest cotton marketing cooperatives in the United States.

Rickman represents Cargill Cotton, where she is the Global Operations Manager. Cargill Cotton serves growers, buyers, ginners and textile mills through their buying and selling networks, along with warehouses and cotton gins.

Other board members include Joe Nicosia of Louis Dreyfus Company, William Barksdale of Cargill Cotton, Lonnie Winters of PCCA, and Phil Burnett.

About The Seam
The Seam was founded by leading global agribusiness companies and specializes in commodity trading and management systems. In December 2000, it began operating the world’s first completely online, anonymous exchange for cotton trading. Since that time, the company has leveraged its software and application development expertise in agriculture to expand into other commodity segments, including peanuts, grains and dairy. The Seam is a proven leader in the agritech space, having cleared or processed more than $8 billion through its platforms, and recently launched an innovative BI tool for peanut producers and handlers. For more information, visit www.theseam.com.


Coverage

Memphis Business Journal

AgFax

Yahoo! Finance

Markets Insider 

Market Watch

Seeking Alpha

The Seam Office Grand Opening in the Memphis Business Journal

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.

Attendees included: 1. Representatives from The Seam, the Greater Memphis Chamber and Shelby County Mayor Mark Luttrell’s office; 2. Kelly Nelson, Susan Simpson, Teaha Carter and Nikki Barber; 3. Ellen Mitchell, Steve Mitchell and Keith Temple; 4. Jeff Johnson, Tom McCune, Charles Garner, Amy Baine and John Stevens.

This feature appeared in the July 7 edition of the Memphis Business Journal. Grab yourself a copy, and flip to the After Hours section!

 

Screen Shot 2017-07-11 at 1.14.20 PM

The Seam Chairman and CEO presented at the 93rd Annual Meeting for the American Cotton Shippers Association

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.

The presentation broke down how the cotton blockchain will operate, explaining it as a transformative ecosystem that will soon unite the cotton supply chain from field to fabric. Blockchain technology offers a way to track transactions using a collective, secure digital ledger. The best thing about blockchain technology is that users are in complete control of their transactions, through the use of “smart contracts,”  and trades are processed instantaneously.

“Information is usually exchanged between businesses with dissimilar software and re-keyed by parties in the critical path of development,” Pryor said. “This leads to discrepancies along the way, and costly reconciliation.

“With the cotton blockchain, we can now control the parties involved and protect it from the sight of others. This is a very efficient, trustworthy and secure process. With blockchain technology, we are helping to transform the cotton industry, which is something that we are incredibly proud to support.”

2017 marked the 93rd annual meeting of the ACSA. The convention brought together respected industry experts, who presented on various topics of interest to those in attendance. The ACSA handles more than 80 percent of the U.S. cotton sold in domestic and foreign markets. Membership within the ACSA includes promoting the increased use of cotton in the U.S. and abroad, as well as helping to establish other cotton trade organizations.

This year, the meeting took place at the Four Seasons in St. Louis, Missouri. The ACSA is a not-for-profit organization that relies on sponsorships to help cover the costs of the annual convention.

Watch Mark’s introduction video to the cotton blockchain here: https://vimeo.com/210033809/a8c8a56f49