October 30, 2020

Coca-Cola has implemented blockchain in its supply chain with an annual turnover of $ 21 billion

Coca-Cola has implemented blockchain in its supply chain with an annual turnover of $ 21 billion

Coca-Cola's IT department, which is responsible for transaction processing and deliveries in the United States, has integrated a blockchain solution to increase the effectiveness of interaction with contractors.

After a successful pilot, CokeOne North America decided to implement the solution at 70 enterprises that produce the beverage and daily deliver about 160 thousand bottles to stores.

Blockchain-based software was developed by SAP, a company specializing in industrial control systems.

New platform boosts sales efficiency through intermediaries simplifies and accelerates multilateral coordination of order volumes, as well as reduces document flow.

According to senior manager at Coke One NorthAmerica by Andrey Semenov, the solution is intended primarily for cooperation with giants such as Walmart and Target, for whom it is difficult to make calculations due to the scale of their activities.

Although Coca-Cola has just begun to take advantage of the blockchain, Walmart has long been using this technology in its activities and even plans to release its own cryptocurrency.

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