Coca-Cola Implements Blockchain Technologies

Before we wrote about different partnerships of any companies. Food, drinks, clothes, sport and sportsmen — many types of firms and lots of people work with blockchain and crypto technologies. Yes, surely, it`s a basic thing for us today. But when the giants of business join it, it is fantastic anyway! 2 days ago, Coca-Cola, Coke One North America (CONA), joint blockchain technologies.

Coca-Cola and SAP

Obviously, the first question is who supports Coca-Cola. It`s SAP, one of the greatest worldwide companies in Germany. SAP manages supply chain of a platform which offers tools and bottles day by day. By the way, it manages about 160 000 products daily. Andrei Semenov, senior manager at Coke One North America, commented the case. “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.”

Just imagine: these blockchain technologies will help Coca-Cola to cut some order processes from 50 days to several days. When the speech is about $21 billion in revenue per year, CONA moves really fast and cool.

Moreover, Andrei Semenov added. “There was a negotiation and discussion, getting to a consensus of what data we wanted to share. We started with a huge list of data attributes, and we narrowed it down to the list that everybody agreed on.”