Coca cola bottlers use Blockchain

[karanggatak]

https://www.businessinsider.com/coca-cola-bottlers-sap-scaling-up-a-major-blockchain-project-2019-10?r=US&IR=T

https://cointelegraph.com/news/coca-cola-using-blockchain-for-21-billion-per-year-network

Coca Cola bottles use blockchain technology to manage their cross-party transactions.

A report from Business Insider today November 5, 2019 reveals that Coke One North America (CONA) - a technology company that manages IT operations for bottling soda coca cola - uses blockchain technology developed by the German software company SAP to manage its supply chain.

Able to Manage 160,000 Orders Per Day
CONA was assigned to manage a platform as a watchdog for several franchises that produce, ship bottles, and ship 160,000 orders for Coca-Cola products every day. Andrei Semenov, senior manager at CONA, told Business Insider:

"There are a number of inefficient cross-company and multiparty transactions. They passed a number of intermediaries; and this is very slow. We feel that we can overcome this problem and save more money of course. "

With the blockchain, CONA hopes to reduce the duration of order reconciliation from 50 days to just a few days. Ledgers that are distributed across organizations and transparently will provide real-time insight into transactions carried out by all the different bottlers in the network, which generate revenues of more than 21 billion US dollars per year.

yes, everything will be faster and easier for calculations and transactions if it uses a blockchain. more transparent and efficient.

yes you are right by using blockchain technology all work can be done more efficiently, effectively and safely. and news shows that blockchain technology is heading for mass adoption. I am optimistic that in the future companies and industries will increasingly use blockchain technology. not everyone can accept bitcoin but I'm sure almost everyone wants to accept the blockchain as a new breakthrough in technology.

[stompix]

Please link an article that people are able to see without being forced to sign up/pay a fee to read.

Here is the full text if anyone is interested:
https://justpaste.it/2sj5d

I won't paste is here since it's pretty long but it tells how and why the technology was adopted:

Contrary to what people here are posting probably because for most blockchain means only coins and trade, it's not about transactions it's about communicating inventories and maintaining a flux in distribution.

Say one franchise — like Coca-Cola United, one of the nation's largest private bottlers for the company — receives an order for 100 bottles. It might have only 80 on hand. Historically, the Alabama-based Coca-Cola United could go to another franchise, like the Kentucky-based C.C. Clark, and purchase the remaining 20 bottles from them to fulfill the order. But say C.C. Clark has only 15 bottles in its inventory or, because of human error, just 15 are shipped. Coca-Cola United won't realize that and, by the time the order arrives, it does not have enough time to source additional bottles and is unable to fulfill the entire order.

With blockchain, a franchise would immediately put in the shipment information so others could see in real-time whether it is unable to send the necessary quantity. That's because blockchain creates an online database that spans organizational boundaries, which wouldn't otherwise happen for fear of releasing private company information.

Quite ironic is that efficiency will come through the blockchain by centralizing data , and a centralized chain of command will be more efficient than a decentralized one currently in use.
Anyhow, I wonder how they managed to stay in business when they waited for years to solve problems like the ones highlighted.

[Oneandpure]

https://www.businessinsider.com/coca-cola-bottlers-sap-scaling-up-a-major-blockchain-project-2019-10?r=US&IR=T

https://cointelegraph.com/news/coca-cola-using-blockchain-for-21-billion-per-year-network

Coca Cola bottles use blockchain technology to manage their cross-party transactions.

A report from Business Insider today November 5, 2019 reveals that Coke One North America (CONA) - a technology company that manages IT operations for bottling soda coca cola - uses blockchain technology developed by the German software company SAP to manage its supply chain.

Able to Manage 160,000 Orders Per Day
CONA was assigned to manage a platform as a watchdog for several franchises that produce, ship bottles, and ship 160,000 orders for Coca-Cola products every day. Andrei Semenov, senior manager at CONA, told Business Insider:

"There are a number of inefficient cross-company and multiparty transactions. They passed a number of intermediaries; and this is very slow. We feel that we can overcome this problem and save more money of course. "

With the blockchain, CONA hopes to reduce the duration of order reconciliation from 50 days to just a few days. Ledgers that are distributed across organizations and transparently will provide real-time insight into transactions carried out by all the different bottlers in the network, which generate revenues of more than 21 billion US dollars per year.

yes, everything will be faster and easier for calculations and transactions if it uses a blockchain. more transparent and efficient.

yes you are right by using blockchain technology all work can be done more efficiently, effectively and safely. and news shows that blockchain technology is heading for mass adoption. I am optimistic that in the future companies and industries will increasingly use blockchain technology. not everyone can accept bitcoin but I'm sure almost everyone wants to accept the blockchain as a new breakthrough in technology.

Coca Cola want adopt blockchain as their distribution payment, the coca cola owner want to get transparent payment by using bitcoin and altcoin as legal payment transaction. Coca cola big company if really true for adopting blockhcain for their payment make bitcoin grow up and keep higher price later, nice waiting for when Coca cola want use bitcoin as blockchain payment.

[desticy]

That's great, it should be.
A business is simply obliged to use blockchain technology, because it optimizes a lot of business processes while saving a huge amount of money,

and also making everything significantly more secure because it is a blockchain.
I would like to collect the statistics of companies that were not afraid to keep pace with the times and implement such useful technology in their businesses.

[Colt81]

It's great to know that big companies like Coca-cola is adopting blockchain technologies because there assets will be more secured and it will be convenient for them to make transactions business to business. I think it will be much better if Coca-cola and other big companies will start to accept bitcoin or other cryptocurrencies as payment because it will help be huge help for bitcoin to grow it's value.

[Kprawn]

"The Blockchain" has become the new trend and the "cool" thing to do, if you are on the cutting end of new technologies, so it is no surprise that

the biggest soda manufacturer in the world would try and get the edge over their competition by including the latest technology in their IT systems.

It is just a pity that these guys are only interested in the Blockchain and not in using the Bitcoin token.    It would have been great for Bitcoin if

they added Bitcoin (BTC) payments to their suppliers and distributors and also to the retailers to boost their financial systems. (Tracking payments

for more transparency) 

[karanggatak]

https://www.businessinsider.com/coca-cola-bottlers-sap-scaling-up-a-major-blockchain-project-2019-10?r=US&IR=T

https://cointelegraph.com/news/coca-cola-using-blockchain-for-21-billion-per-year-network

Coca Cola bottles use blockchain technology to manage their cross-party transactions.

A report from Business Insider today November 5, 2019 reveals that Coke One North America (CONA) - a technology company that manages IT operations for bottling soda coca cola - uses blockchain technology developed by the German software company SAP to manage its supply chain.

Able to Manage 160,000 Orders Per Day
CONA was assigned to manage a platform as a watchdog for several franchises that produce, ship bottles, and ship 160,000 orders for Coca-Cola products every day. Andrei Semenov, senior manager at CONA, told Business Insider:

"There are a number of inefficient cross-company and multiparty transactions. They passed a number of intermediaries; and this is very slow. We feel that we can overcome this problem and save more money of course. "

With the blockchain, CONA hopes to reduce the duration of order reconciliation from 50 days to just a few days. Ledgers that are distributed across organizations and transparently will provide real-time insight into transactions carried out by all the different bottlers in the network, which generate revenues of more than 21 billion US dollars per year.

yes, everything will be faster and easier for calculations and transactions if it uses a blockchain. more transparent and efficient.

yes you are right by using blockchain technology all work can be done more efficiently, effectively and safely. and news shows that blockchain technology is heading for mass adoption. I am optimistic that in the future companies and industries will increasingly use blockchain technology. not everyone can accept bitcoin but I'm sure almost everyone wants to accept the blockchain as a new breakthrough in technology.

Coca Cola want adopt blockchain as their distribution payment, the coca cola owner want to get transparent payment by using bitcoin and altcoin as legal payment transaction. Coca cola big company if really true for adopting blockhcain for their payment make bitcoin grow up and keep higher price later, nice waiting for when Coca cola want use bitcoin as blockchain payment.

yes you are right with the use of blockchain it will encourage to also use cryptocurrency as a means of payment. and if more companies accept bitcoin and altcoin as a means of payment. then bitcoin is headed for mass adoption and this will make bitcoin demand increase and in the end can make bitcoin prices more expensive.

[barabarian1]

this is good news coa cola is a fairly large beverage company in the world. if coca cola adopts blockchain into its company this can encourage other companies to also use blcockhain. using blockchain will make transactions more secure, fast, effective and transparent. and the use of blockchain can prevent us from corruption and can also reduce transaction costs.

[Getmon]

this is good news coa cola is a fairly large beverage company in the world. if coca cola adopts blockchain into its company this can encourage other companies to also use blcockhain. using blockchain will make transactions more secure, fast, effective and transparent. and the use of blockchain can prevent us from corruption and can also reduce transaction costs.

Basically, the use of blockchain technology by this company is not for the reduction of cost, nor the avoidance of corruption, but for the quantity information to be available to all the franchises and other clients to keep track in real time the amount that is being shipped. This is really efficient as compared to other online real-time database that could be screened or censored or risking certain information in cross-border shipping transactions.

[Hippocrypto]

this is good news coa cola is a fairly large beverage company in the world. if coca cola adopts blockchain into its company this can encourage other companies to also use blcockhain. using blockchain will make transactions more secure, fast, effective and transparent. and the use of blockchain can prevent us from corruption and can also reduce transaction costs.

Basically, the use of blockchain technology by this company is not for the reduction of cost, nor the avoidance of corruption, but for the quantity information to be available to all the franchises and other clients to keep track in real time the amount that is being shipped. This is really efficient as compared to other online real-time database that could be screened or censored or risking certain information in cross-border shipping transactions.

This brings fast and convenient ways of dealing product transactions most especially with payment system. The issue about corruption was rampant on several shipment deliveries, and it's undeniable due to logistics concern which cannot be stopped. Blockchain will provide the transparency and efficiency of coca processing particular on product output and customer satisfaction.

[Getmon]

this is good news coa cola is a fairly large beverage company in the world. if coca cola adopts blockchain into its company this can encourage other companies to also use blcockhain. using blockchain will make transactions more secure, fast, effective and transparent. and the use of blockchain can prevent us from corruption and can also reduce transaction costs.

Basically, the use of blockchain technology by this company is not for the reduction of cost, nor the avoidance of corruption, but for the quantity information to be available to all the franchises and other clients to keep track in real time the amount that is being shipped. This is really efficient as compared to other online real-time database that could be screened or censored or risking certain information in cross-border shipping transactions.

This brings fast and convenient ways of dealing product transactions most especially with payment system. The issue about corruption was rampant on several shipment deliveries, and it's undeniable due to logistics concern which cannot be stopped. Blockchain will provide the transparency and efficiency of coca processing particular on product output and customer satisfaction.

Correct, I should extend my apologies for having thought that corruption is monopolized by the government alone. I forgot private companies, local or international, big or small, have also their own corruption issues within. Blockchain will somehow address that with a transparent ledger that is available to each and every stakeholder and even the entire public.

By the way, does Coca-cola still add coca to their products? I thought it was already stopped decades ago.

[Oneandpure]

this is good news coa cola is a fairly large beverage company in the world. if coca cola adopts blockchain into its company this can encourage other companies to also use blcockhain. using blockchain will make transactions more secure, fast, effective and transparent. and the use of blockchain can prevent us from corruption and can also reduce transaction costs.

Basically, the use of blockchain technology by this company is not for the reduction of cost, nor the avoidance of corruption, but for the quantity information to be available to all the franchises and other clients to keep track in real time the amount that is being shipped. This is really efficient as compared to other online real-time database that could be screened or censored or risking certain information in cross-border shipping transactions.

This brings fast and convenient ways of dealing product transactions most especially with payment system. The issue about corruption was rampant on several shipment deliveries, and it's undeniable due to logistics concern which cannot be stopped. Blockchain will provide the transparency and efficiency of coca processing particular on product output and customer satisfaction.

Coca cola want adopt bitcoina s currency payment to get faster currency if using bitcoin as payment than using cash money, they have many part Coca Cola in the world and make bitcoin as currency payment give easy way how to sent their money with bitcoin as currency, without use bitcoin maybe they take much time for sending money.

[Kemarit]

It could be that it is the cool thing to do:

(https://www.techrepublic.com/article/5-companies-using-blockchain-to-drive-their-supply-chain/)

1. Walmart
2. Maersk
3. British Airways
4. UPS
5. FedEx

So as we can see those companies are going to use this technology, for transparency. We might see some some industry standards here specially if we see more adoption of blockchain in the future. But I'm not sure though if they are going to used crypto here, they just wanted to use blockchain to improved their process and of course save money and improved their efficiency.

[dimonstration]

...
So as we can see those companies are going to use this technology, for transparency. We might see some some industry standards here specially if we see more adoption of blockchain in the future. But I'm not sure though if they are going to used crypto here, they just wanted to use blockchain to improved their process and of course save money and improved their efficiency.

Since blockchain will provide them much easier job and can lessen their operating and managing cost they see and want to consider blockchain importance, if only all of those countries will adopt crypto as payment like in Walmart and Coca cola, many who are not aware in BTC or crypto will get idea and can be curious about it. Maybe sooner when regulations and governments don't see it a threat and more as a helpful tool then crypto adoption will be see in big companies.

[kaya11]

Old companies that are having a hard time on tracking their production orders should just follow this kind of idea. The only problem is they are afraid or maybe they don't the time to try it. Someday another company that produces the same product would acknowledge using blockchain and the moment the old ones realize they are being left behind will already be too late to catch up. Let's set the Nokia company and example, they are just keep producing and never tried the new things leaving them in what they are now, a reminder for the big companies out there.

[josephdd1]

Just read the article, seems to be that these bottlers are actually using blockchain to allow difficult franchises operating under the Coca Cola banners to essentially share resources (for a fee).

This could be an amazing invention if its allows cross collaboration between different industries.

[el kaka22]

There will be a lot more companies and manufacturers who will use blockchain, it is just simply the best way of keeping data and there is no better database than a blockchain.

It will start with cars I think, there are technologically sound electric cars right now that can do many many miles with the electricity they get instead of old hybrid ones that had 40 miles electric then gas like normal car but the technology improved with Tesla and those could have a blockchain number added to them so that it would be easier to collectively find problems and which cars should be returned and who it belongs to and what kind of warnings there is required. That way cars would be easily called or giving warnings etc and there would be easily solved instead of databases they use right now.

[Greed Dev]

This is nothing too new. This is just the distribution agent of Coca Cola and like other businesses that are using blockchain technology.
Currently, blockchain technology is being tried in agricultural model and even real estate. We can see that the Blockchain Virus is spreading very fast and that is what we should pay attention to.
Hopefully in the future there will be a business about setting up and upgrading blockchain technology, I will definitely all in 

[SquallLeonhart]

These are companies that you can really see that they are matured, at least they have been able to use Blockchain technology to solve a solution to a particular challenge that they have without having to create a cryptocurrency, wherein companies like coke are really the ones that will have a very successful cryptocurrency if they consider one because they have product that is being used by many people worldwide.

The happy thing about coca cola acceptance of using  Blockchain  is that it will also help spread the news being a very popular company, and other companies will begin to work towards that too which this is how we will eventually have a Blockchain running companies, and could also lead to the awareness of bitcoin also as the crypto project out of blockchain.

[Edraket31]

These are companies that you can really see that they are matured, at least they have been able to use Blockchain technology to solve a solution to a particular challenge that they have without having to create a cryptocurrency, wherein companies like coke are really the ones that will have a very successful cryptocurrency if they consider one because they have product that is being used by many people worldwide.

The happy thing about coca cola acceptance of using  Blockchain  is that it will also help spread the news being a very popular company, and other companies will begin to work towards that too which this is how we will eventually have a Blockchain running companies, and could also lead to the awareness of bitcoin also as the crypto project out of blockchain.

Imagine how much powerful Coca Cola is and how much they can inspire companies for initiating this kind of concept that they will develop to help their company to reduce time consumption in doing work which can lessen the error.

Once it has started, the power of their company to say this good news to everyone can influence and will help blockchain technology to adopt and as well as cryptocurrency to become famous too.