Skip to content

Coca-Cola uses DLT and Ethereum to improve supply chain efficiency

August 5, 2020

Coke One North America or CONA, partner of the largest The US-based Coca-Cola bottling company will apply the baseline protocol Increased transparency and reduced inconvenience in “cross-organizational supply chain transactions”.

As part of the project CONA will work with distributed ledger technology companies and Unibright and Provide, the founding members of the Baseline Protocol, to establish a “Coca-Cola bottleneck”.to streamline transactions between internal bottling suppliers and external raw material suppliers.

Coca-Cola bottlers expand blockchain acceptance

On August 3, Unibright announced the CONA plans to expand the use of blockchain technology through its supply chain.

Coca-Cola uses DLT and Ethereum to improve supply chain efficiencyCoca-Cola uses DLT and Ethereum to improve supply chain efficiency

The announcement says that The 12 largest North American bottlers of Coca-Cola started using a blockchain platform last year based on Hyperledger Fabric for internal supply chain management to achieve more “transparency and efficiency” in the complex supply chains of bottlers.

The new project will enable CONA Extend the use of DLT beyond your internal network to include external providershow the raw material suppliers sell cans and bottles.

The announcement not only facilitates the recording of sensitive data and the “complex automation of business processes between organizations”, but also that The baseline protocol can be used for the use of asset tokens and for decentralized financing cases.

CONA expects to publish the results in the fourth quarter

The data is based on the main network of Ethereum (ETH) Creation of an “integrated, private and distributed integration network” for CONA.

In conversation with Cointelegraph, ConsenSys developer and co-founder of the Baseline Protocol, John Wolpert, described the “Baselining” as “a technique used to use Ethereum’s public backbone to maintain consistency between different registries and registration systems”.

Baselining uses the main network as “middleware” or intermediate software to check the authenticity of the dataDuring zero knowledge tests are used to ensure that other network participants cannot access the data of the entities participating in the protocol.

The baseline protocol was introduced by Microsoft, Ernst Young and ConsenSys in March of this year.

First results are expected to be presented in the fourth quarter of 2020 Unibright tries to demonstrate that zero knowledge tests can be applied to standard business processes, that the data processed by baselining can be used to eliminate coordination problems and that tokenized billing can be used.

Do not stop reading:

Receive Breaking News !

Enable Notifications    Ok No thanks