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Coca Cola Hops On The Blockchain Bandwagon
Summary: Coca Cola is hopping on the blockchain bandwagon with the implementation of blockchain technology to oversee their cross-party transactions, according to Business Insider. Coke One North America (CONA), the tech firm that manages IT operations of Coca Cola’s bottlers, utilizes blockchain developed by German software firm SAP to manage the supply chain. CONA oversees multiple ...
Coca Cola is hopping on the blockchain bandwagon with the implementation of blockchain technology to oversee their cross-party transactions, according to Business Insider.
Coke One North America (CONA), the tech firm that manages IT operations of Coca Cola’s bottlers, utilizes blockchain developed by German software firm SAP to manage the supply chain. CONA oversees multiple franchises that manufacture, ship and bottle around 160,000 orders daily.
CONA hopes the new blockchain will reduce the order reconciliation from 50 days to only a few days. Blockchain will also allow for an inter-organizational, transparent distributed ledger that provides real-time insights into the transactions made by all the bottlers on the network.
By Ramsey Baker
Tags: Blockchain,Coca Cola,Cryptocurrency
Link: Coca Cola Hops On The Blockchain Bandwagon [Copy]
