Coca Cola goes Blockchain
Andrei Semenov, Senior Manager at Coke One North America, told the news magazine Business Insider:
There are a variety of inefficient transactions across companies and industries. They run via intermediaries and are very slow. We thought we could improve that and save some money.
Despite the benefits Blockchain brings to logistics companies, distributed ledger technology is still skeptical of large companies. So far, there is still a lack of pioneering pilot projects that demonstrate the benefits of large scale applications. When Coca-Cola, one of the largest corporations in the world, relies on technology, it sends a far-reaching signal to other corporations.
With SAP, Coca Cola has an experienced tech group at its side. The software vendor has recently entered into a collaboration with blockchain company Chronicled, working together to verify prescription drugs. The development of a blockchain-based system is intended to help companies implement U.S. Pat. Helping Supply Chain Security Act (DSCSA).
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