Coca-Cola’s bottle manufacturing supply chain is planning to implement blockchain technology.
Business Insider reported on Tuesday that Coke One North America (CONA) and its blockchain project with SAP would be expanded across 70 manufacturers that supply the 160,000 bottles Coca-Cola shops regularly.
The project will facilitate distribution, and manufacturers will be able to access a permissible Blockchain containing orders and requirements. The firm also plans to shorten the order reconciliation time.
Andrei Semenov, senior manager at CONA, stated,
“There are a number of transactions that are cross-companies and multi-party that are inefficient, they go through intermediaries, they are very slow.”
“And we felt that we could improve this and save some money.”
The pilot project’s positive outcomes caused the shipping of more bottles and introduced more firms to the SAP platform. CONA hopes to work with the supply chains of big e-commerce companies like Walmart and Target in the future.
Torsten Zube, chief of SAP’s ICN, said,
“What we achieved here with blockchain is creating a document flow across the supply chain.”
PepsiCo, Coca-Cola’s main competitor, also arranged a blockchain trial in May. The firm cited efficiency increased by 28 percent after the trial.