Last week the CEO of Memphis based firm, The Seam,
revealed that it plans to release a blockchain-based traceability and sustainability solution for cotton. The project is being developed in association with the U.S. National Cotton Council. Currently, it is in a soft-launch phase, with a full-scale deployment planned for January.
The company already runs a (non-blockchain) platform for trading the crop and provides tech solutions to agriculture. Some days over a million pounds of cotton are sold on its cotton trading system in a single day.
The Seam also focuses on sustainability, which is far easier to achieve with a trustworthy and accurate data log based on distributed ledger technology (DLT). Tracking agricultural products from the source is another step towards this goal.
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