Express

Coca Cola Hops On The Blockchain Bandwagon

Ramsey Baker

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

Last Update:

Tags: ,,
Link: Coca Cola Hops On The Blockchain Bandwagon   [Copy]
  • From Data Rights to Digital Property: Whistleblower Brittany Kaiser on Blockchain, RWA,... 5 days ago
  • The Base Chain's Ascent: How Deep Coinbase Integration and JPMorgan's Pilot Are Reshapi... 11 days ago
  • Tether in Trouble? U.S. Senate Just Passed a Law That Could Dethrone the $155B Stableco... 14 days ago
  • Justin Sun's Nasdaq Gamble: How Six Years Forged Ties with the Trump Family 15 days ago
  • The Crypto IPO Wave: From Fringe to Front Page 18 days ago
  • You need to login to comment.