Coca-Cola Implements Blockchain Technology for Supply Chain

Asia Blockchain Review
November 14, 2019

Coke One North America (CONA), Coca-Cola’s entity responsible for the digital platform for the beverage supply chain, has revealed that it is adopting SAP’s blockchain platform to increase the efficiency of its franchises across the supply chain.

Connecting Bottling Firms and Ensuring Efficiency

According to a report from Business Insider, the project spearheaded by CONA will help connect between 70 franchised bottling firms and ensure more efficiency in the product supply chain.

With SAP’s solution, inventory data will be stored on a single platform, enabling related parties to fill orders with more convenience and greater transparency. CONA also revealed that the system is expected to decrease reconciliation time from 50 days to under 7 days in the future.

Previously, two bottling franchises — C.C. Clark and Coca-Cola United — participated in the trial for the blockchain solution, before the project was expanded to cover all 70 franchises.

With CONA’s large-scale operations, the new platform could potentially offer the firm millions of dollars in savings due to higher efficiency in the management system.

Saving Operational Costs with New Technology 

Andrei Semenov, Senior Manager at CONA, revealed that the blockchain platform will speed up the entire process for the franchises. He stated:

“There are a number of transactions that are cross-companies and multiparty that are inefficient. They go through intermediaries; they are very slow. And we felt that we could improve this and save some money.”

Torsten Zube, Head of the SAP Innovation Center Network, said the decentralized technology will help with the flow of information within the supply chain, while the number of invoice disputes will decrease due to the transparency of the blockchain solution.

Source: https://u.today


About Asia Blockchain Review

Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. It aims to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.

Our goal is to cultivate and encourage a collaborative community for our members to gather, share their experiences and endeavors in the blockchain space, and brainstorm the potential uses of blockchain technology.

Follow Asia Blockchain Review on:

    Related Article
    Embrace The Transformative Power Of Blockchain In Supply Chains
    In the ultra-competitive modern commercial world where time is at a premium and cost reduction is th...

    July 6, 2020

    Exclusive Interview With EMURGO Indonesia 
    ABR recently had a chat with the CEO of EMURGO Indonesia, Shunsuke Murasaki, on the traceability sol...

    July 2, 2020

    Blockchain Utopia: A Conclusion To Decentralized Governance
    We will explore the potential use of blockchain in bringing to life the concept of technological uto...

    June 30, 2020

    Karen New’s “Wish I Knew” : Unscripted
    ABR hosted a chat between DLF Holdings, Samuel Lay and a reputable serial technopreneur, Karen New o...

    June 23, 2020

    We provide information about Asia Blockchain Review latest activities as well as global blockchain news and research. Subscribe to our Newsletter now or Contact us