IBM creating blockchain consortium with U.S.-based startup, The Seam, to create supply chain and trading ecosystem for global cotton industry using Hyperledger Fabric

Briefing

January 6, 2017

Briefing	Blockchain Consortium – IBM established blockchain consortium in early 2017 with U.S.-based startup, The Seam, to create supply chain and trading ecosystem for global cotton industry using Hyperledger Fabric Hyperledger Fabric – Framework hosted by Linux intended for developing blockchain solutions with modular architecture, while having permissioned network, confidential transactions, no cryptocurrency, and programmable smart contracts Cotton Trading Exchange – The Seam’s interactive marketplace providing buyers real-time access to online inventory and trade with transparency and anonymity Expected Benefits – Drive industry growth, help create greater efficiency, and serve as foundation of robust system for industry-wide collaboration
Accelerator	Web3 Ecosystems, Tokens and Consensus Mechanisms
Market Disruption	Intelligent, Data-Optimized Supply Chains
Business Model and Practices Business Model and Practices	Optimized Supply Chain
Sector	Agriculture, Forestry and Fishing, Information Technology
Organization	IBM Security
Source	Aitken, R., "IBM's blockchain consortium with the seam deploys 'Hyperledger' for cotton trading", Forbes, https://www.forbes.com/; "The Seam to form cotton blockchain consortium with IBM on Hyperledger Fabric," The Seam, https://www.theseam.com/; "The Seam to form cotton blockchain consortium with IBM on Hyperledger Fabric," PR Newswire, http://www.prnewswire.com/; AcceleratingBiz analysis
Original Publication Date	January 5, 2017

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