Blockchain

Coca-Cola will use blockchain to track supply chains

Coke One North America (CONA) plans to use the Baseline Protocol to ensure supply chain transparency and reduce “cross-organization supply problems.”

As part of cooperation with the founders of Baseline Protocol – Unibright and Provide – it is planned to create a “Coca-Cola bottling harbor”. Blockchain will help simplify transactions between internal suppliers of the finished product and external suppliers of raw materials.

It was previously reported that CONA will use a blockchain-based SAP solution for supply chain management. The company is now expanding its deployment of distributed ledger technology. The blockchain-based platform will have access to both external suppliers of raw materials and suppliers of cans and bottles. Moreover, even small companies will be able to join the platform.

The results of the Baseline Protocol implementation are expected to be visible as early as Q4 2020. In addition to ensuring transparency in supply chains, the platform will provide an opportunity to issue tokens and participate in decentralized financing projects.

As a reminder, Coca-Cola vending machines in Australia and New Zealand will soon start accepting cryptocurrencies. This will be made possible by a partnership between Coca-Cola Asia Pacific Amatil and Centrapay.

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