October 25, 2020

Coca-Cola and SAP are working on the development of a large-scale blockchain project

Coca-Cola and SAP are working on the development of a large-scale blockchain project

According to Business Insider, now more than 70 Coca-Cola franchises can use the blockchain solution developed by SAP Unlike public blockchains, this solution protects records from unauthorized access.

The advantage of blockchain technology isthat each supplier will be able to submit applications that will be viewed by everyone who uses access to the distributed registry. Coke One North America, a firm that brings together 12 suppliers with hundreds of thousands of orders, believes that the SAP blockchain solution can reduce the time it takes to coordinate and organize orders.

According to Andrei Semenov, manager of Coke OneNorth America, most transactions between companies are inefficient, as they go through intermediaries and require additional processing time. Blockchain can not only improve this process, but also reduce the cost of it.

Supply Chain Solutions Includeorder tracking, registration and origin information. The blockchain can store all this data when publishing and broadcasting information. The SAP solution is not based on any well-known public protocol, but still maintains a public profile for a specific use case.

At the moment, the solution developed by Coca-Cola and SAP is in the testing phase. As expected, soon all organizations will keep records of deliveries in the form of transactions on the blockchain.