The partner of the largest U.S bottling company, Coca-cola, plans to integrate blockchain to increase efficiency on the company’s supply chain and enhance transparency in its organization.
Coke One North America, the Coca Cola bottlers is launching a Baseline Protocol @baselineproto project on @ethereum— Ledger Insights (@LedgerInsights) August 5, 2020
There's an existing @SAP / Fabric #blockchain solution which will be integrated with Baselinehttps://t.co/7xiaXYWmiQ
Coke One North America (CONA) shared on Cointelegraph that the company acknowledges using blockchain as it builds partnership with Unibright and Provide Technologies, Baseline Protocol founding members, to establish what they call “Coca-Cola Bottling Harbor,” a streamlined transaction among its internal bottler-suppliers and external suppliers of raw materials. In an article published, it states that the company’s bottlers began the use of Hyperledger Fabric-based blockchain platform on their internal supply chain management since last year with SAP, which increased transparency and efficiency on its intricate supply chains.
Baseline Protocol, launched in March, is an open-source smart contract and tokenization protocol and a product of the partnership of EY, Microsoft, and ConsenSys. Unibright, a Distributed Technology Ledger firm and other companies that operated under the Cryptocurrency sector collaborated for its development. Its co-founder John Wolpert explained to Cointelegraph a technique called “baselining” will be the main focus on this new project because they will be using the public Ethereum mainnet to create an integrated, private, distributed integration network for the organization. In this technique, he explained further, that the mainnet will serve as a “middleware” to help authenticate the data while ensuring that these data have not tampered in the complex inter-organization business process of the company.
The initial outcome of this collaboration will be available during the fourth quarter of 2020, report says.