Coca-Cola Deploys SAP Blockchain Solution for Supply Chain Tracking

More than 70 Coca-Cola Company franchise companies around the world can now use SAP’s blockchain solution for supply chain management.

According to Business Insider, the managed network created by SAP provides not only cryptographic data protection, but also protection against unauthorized access to it. Coke One North America, a company that combines 12 suppliers with hundreds of thousands of orders, believes that the SAP blockchain solution can reduce the time it takes to coordinate and organize orders.

“There are a number of transactions between companies and several parties that are ineffective. They go through intermediaries and are carried out very slowly. We felt that we could change that and save some money, ”said Andrei Semenov, senior manager at CONA.

The blockchain solution for the supply chain includes order tracking, registration and origin information. The partnership between Coca-Cola and SAP entered the testing phase when all organizations begin to record shipments in the form of transactions in a managed blockchain.

However, in the future, the program may develop into partnerships with supermarkets such as Target and Walmart, Semenov hopes. Partnership with Walmart is very likely, as last year the company obligated
suppliers implement a blockchain system for product tracking

More and more companies around the world are introducing blockchain-based solutions for tracking supply chains. Recently, the largest US food retailer Topco Associates announced
plans to use the Mastercard blockchain solution to track supply chains.

In addition, last month Walmart network announced
on a partnership with IBM to track shrimp shipments from the Andra Pradesh region of India on the blockchain. Shoe and clothing manufacturer New Balance also said at the end of September that the authenticity of its products could be traced.
via the Cardano blockchain.