Cryptocurrency Short News

Coco-Cola Uses Blockchain Technology To Revise its Supply Chain

Coca-Cola is the latest food and beverage supply to implement blockchain in its working structure. The bottlers within the organization are using a blockchain developed by the German software company SAP. 

As per a report, Coke One North America (CONA) has to handle about 160,000 orders daily. CONA manages a platform to oversee multiple franchises that manufacture, bottle and ship orders of Coca-Cola products daily. CONA expects to reduce the order reconciliation duration to a few days earlier which used to be 50 days. The blockchain will further give real-time insights on transactions on Coca-Cola’s network. Additionally, It will generate over $21 billion in revenue per year.

Tags
Show More

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

Related Articles

Back to top button
Close
Close