Coke One North America (CONA) plans to use the basic protocol to ensure supply chain transparency and reduce “inter-organization supply problems.”
In collaboration with the founders of the basic protocol – Unibright and Provide – it is planned to create a “port for the Coca-Cola bottling”. Blockchain will help increase the efficiency of transactions between internal suppliers of finished goods and external suppliers of raw materials.
It was previously reported that CONA will use a blockchain-based SAP solution for the management of supply chains. The company is currently expanding its adoption of distributed ledger technology. The blockchain-based platform will have access to both external raw material suppliers and cans and bottles. Moreover, even small companies will be able to join the platform.
It is expected that the results of the implementation of the Basic Protocol will become known as early as the fourth quarter of 2020. In addition to ensuring transparency in supply chains, the platform will provide an opportunity to issue tokens and participate in decentralized financial projects.
As a reminder, Coca-Cola vending machines in Oceania will soon begin accepting cryptocurrencies. This will be possible thanks to the partnership between Coca-Cola Asia Pacific Amatil and Centrapay.
