Coca-Cola begins to use Ethereum blockchain for control of supply chains

At the beginning of August, 2020 it became known of the solution of Coca-Cola company to use the solution Baseline Protocol based on public Ethereum blockchain system for ensuring transparency of supply chains. It is expected that the blockchain technology will allow to reduce quantity of the problems arising between the enterprises by deliveries. "Subsidiary" of producer of Coke One North America (CONA) carbonated drinks was engaged in project implementation.

According to the portal Ledger Insights, CONA also uses Hyperledger Fabric solution blockchain, developed together with SAP. It allows participants to exchange data. Within the new project in which startups of Unibright and Provide also take part, it is going to improve process of deliveries, having connected producers of a plastic container. The blockchain will allow not only to simplify data exchange, but also to accelerate transactions between internal suppliers of a ready-made product and external suppliers of raw materials.

Coca-Cola will use a blockchain for tracking of supply chains

It is expected that results of implementation of Baseline Protocol will be visible already in the fourth quarter 2020. In addition to ensuring transparency of supply chains the platform will give an opportunity for release of tokens and participation in projects of the decentralized financing.

Baseline Protocol represents a set of solutions which allows to synchronize internal systems of two or more companies without storage of confidential data in a public chain of blocks. Therefore, if the supplier has not enough stocks to satisfy a request of the buyer, it instead of organizing delivery of other goods quantity, informs on shortage by making changes in a blockchain which are displayed afterwards to all participants.

Baseline Protocol stores not parts of the order, but its protocol (The proof with zero disclosure) which also serves as protection for any smart contracts. Besides, using a new solution such data as invoices, will be tokenized. It means that invoices can be factorized using DeFi.^[1]

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