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Topic: Coca cola bottlers use Blockchain (Read 511 times)

sr. member
Activity: 1694
Merit: 299
November 15, 2019, 02:40:19 AM
#87
It seems like companies are only adopting blockchain. The rate at which they make use of blockchain keeps on increasing, every day I see new companies that are making use of the blockchain to make things easier.

Blockchain is indeed the future, there are lots of industries that can make use of blockchain technology to make things fast and easy and avoid spending a lot of days. As for transactions, I think the world is finding it difficult to accept Bitcoin, maybe because of its volatile nature. A time might come when banks will start making use of blockchain for fast international transactions; though I know that's the purpose of having Ripple. Let's see how things how will turn out to be soon.
member
Activity: 858
Merit: 13
Christ The King
November 14, 2019, 09:02:16 AM
#86
This is the power of blockchain technology. It's evident that blockchain is going to take over major sector of the world economy as it's currently pushing hard on finance, Coca-cola is an intelligent company.
copper member
Activity: 336
Merit: 3
Cryptoknowmics - World's First Decentralized Media
November 14, 2019, 05:42:06 AM
#85
Nice news, but why are such companies are not announcing this public? I believe that huge companies are using blockchain in different industries, but more importantly they are doing this very silent, without any hype.
hero member
Activity: 1974
Merit: 502
Vave.com - Crypto Casino
November 14, 2019, 03:32:01 AM
#84
That is really appreciable work for having blockchain in order to serve their purpose, but this is not any healthy news for the cryptocurrency platform, I think cryptocurrency platform should reform and a set of regulation will bring back to its credibility to the people and in this way, People will use this platform for their own life, But coca-cola is just using the blockchain system for their own purpose, it's true that when Blockchain system will get popularity then people will also use this system and Cryptocurrency will also get popularity in this way, It's really a good issue that such a giant company Coca Cola is using Blockchain system, so the time is not so far where people avail this system for everyday use.
Always find for the good side of this news, and yes you mentioned regarding to blockchain it will surely drag crypto once those people who will be interested regarding to this system. The chance of adopting not only blockchain but also the crypto currency industry. Good start even it's not directly for crypto but still there's a good side if we are optimistic regarding to this industry.
It seems Blockchain is now becoming a trend, it is now being used by big companies and even some countries. If Blockchain began to be used across the world there's a chance that it can drag up the cryptocurrencies as well. If Coca-Cola had acknowledge the utilization of Blockchain, other big companies will eventually use this kind of technology. This could give a hype for investors to place investment and that would definitely be a good cause for Crypto industry.

We don't know yet until it's going to happen actually, and if this will probably creat a hype for investors the market should recover ultimately before seeing productive results. Great trend should start from an outstanding demand outbreak, that the people should patronize bitcoin as their daily method of payment. The utilization of Coca cola using blockchain is one good example for other businesses who haven't yet tried to implement this thing with their system. Because of this idea, more potential changes might further be improved in the future once this becomes a global standards.
sr. member
Activity: 854
Merit: 267
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November 14, 2019, 03:18:31 AM
#83
That is really appreciable work for having blockchain in order to serve their purpose, but this is not any healthy news for the cryptocurrency platform, I think cryptocurrency platform should reform and a set of regulation will bring back to its credibility to the people and in this way, People will use this platform for their own life, But coca-cola is just using the blockchain system for their own purpose, it's true that when Blockchain system will get popularity then people will also use this system and Cryptocurrency will also get popularity in this way, It's really a good issue that such a giant company Coca Cola is using Blockchain system, so the time is not so far where people avail this system for everyday use.
Always find for the good side of this news, and yes you mentioned regarding to blockchain it will surely drag crypto once those people who will be interested regarding to this system. The chance of adopting not only blockchain but also the crypto currency industry. Good start even it's not directly for crypto but still there's a good side if we are optimistic regarding to this industry.
It seems Blockchain is now becoming a trend, it is now being used by big companies and even some countries. If Blockchain began to be used across the world there's a chance that it can drag up the cryptocurrencies as well. If Coca-Cola had acknowledge the utilization of Blockchain, other big companies will eventually use this kind of technology. This could give a hype for investors to place investment and that would definitely be a good cause for Crypto industry.
legendary
Activity: 2982
Merit: 1028
November 14, 2019, 03:02:04 AM
#82
That is really appreciable work for having blockchain in order to serve their purpose, but this is not any healthy news for the cryptocurrency platform, I think cryptocurrency platform should reform and a set of regulation will bring back to its credibility to the people and in this way, People will use this platform for their own life, But coca-cola is just using the blockchain system for their own purpose, it's true that when Blockchain system will get popularity then people will also use this system and Cryptocurrency will also get popularity in this way, It's really a good issue that such a giant company Coca Cola is using Blockchain system, so the time is not so far where people avail this system for everyday use.
Always find for the good side of this news, and yes you mentioned regarding to blockchain it will surely drag crypto once those people who will be interested regarding to this system. The chance of adopting not only blockchain but also the crypto currency industry. Good start even it's not directly for crypto but still there's a good side if we are optimistic regarding to this industry.
hero member
Activity: 2156
Merit: 711
Telegram @tokensfund
November 14, 2019, 02:57:17 AM
#81
That is really appreciable work for having blockchain in order to serve their purpose, but this is not any healthy news for the cryptocurrency platform, I think cryptocurrency platform should reform and a set of regulation will bring back to its credibility to the people and in this way, People will use this platform for their own life, But coca-cola is just using the blockchain system for their own purpose, it's true that when Blockchain system will get popularity then people will also use this system and Cryptocurrency will also get popularity in this way, It's really a good issue that such a giant company Coca Cola is using Blockchain system, so the time is not so far where people avail this system for everyday use.
sr. member
Activity: 910
Merit: 261
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November 14, 2019, 02:50:23 AM
#80
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.

Bitcoin and blockchain technology is really gaining it's popularity all over the world and that makes big companies like Coca-Cola used blockchain technology to manage it's supply chain. With the help of blockchain technology,  everything in their company will be efficient when it comes to making fast and secured transactions. I think in the near future more big companies will be using blockchain technology.
sr. member
Activity: 1330
Merit: 326
November 13, 2019, 11:04:39 PM
#79
Coca cola company do not want to be late in this kind of technology. Since blockchain system do helps a lot, I know for sure that there decision will lead to success for both to the company and to the blockchain technology field.

Here's a statement from one of the Coca Cola's head;

Quote from: Torsten Zube, head of SAP’s Innovation Center Network
“What we achieved here with blockchain is creating a document flow across the supply chain,”
source

If it is all about the improvement and development in distribution of their products, this may be the answer for it, saving money with convenient system.
legendary
Activity: 3122
Merit: 1140
November 13, 2019, 03:28:13 PM
#78
Is this some kind of bullshit that Coca-cola suddenly shifted their focus on? Last year ago I was reading an article that Coca-cola is creating a blockchain for the purposes of weeding out forced labor (slavery) in the world now they have launch a different kind of blockchain one that would just benefit their overall operations. After that article I didn't have any kind of updates regarding their blockchain about that and now the first update we have a blockchain from Coca-cola is a totally different one. Hopefully I'm wrong about this one since we are talking about different Coca-cola companies here.
Doesnt care on what would be their main motive but any company does have the freedom on integrating blockchain tech into their operation no matter what the reason behind.
hero member
Activity: 1680
Merit: 655
November 13, 2019, 02:13:26 PM
#77
Is this some kind of bullshit that Coca-cola suddenly shifted their focus on? Last year ago I was reading an article that Coca-cola is creating a blockchain for the purposes of weeding out forced labor (slavery) in the world now they have launch a different kind of blockchain one that would just benefit their overall operations. After that article I didn't have any kind of updates regarding their blockchain about that and now the first update we have a blockchain from Coca-cola is a totally different one. Hopefully I'm wrong about this one since we are talking about different Coca-cola companies here.
sr. member
Activity: 1176
Merit: 286
November 13, 2019, 02:03:26 PM
#76
when we hear companies like coca cola bottles entre technologie of blockchain bitcoin; this is good news . coca cola have lot of followers in all categorie ; use of bitcoin will grow between people of all the world . in the end fast and easy use of money generally ; and coca cola can advertise bitcoin to the world from bottles in the future
sr. member
Activity: 1071
Merit: 253
November 13, 2019, 01:53:43 PM
#75
A great example of how Bitcoin can improve many processes in society. It is clearly shown that blockchain can be used not only in cryptocurrencies, but also to optimize business processes. Those companies that are the first to introduce this technology into their business processes will win against competitors.
Blockchain itself is an amazing technology and the tech and giant companies cannot deny this. They want to get most out of this innovation. Coca cola is a brand. Crypto currencies are just the starting point for blockchain to make its way through the systems of the world. We cannot deny the power of potential coins. We must be open to changes and adapt them as quick as we can for our own success.
legendary
Activity: 1526
Merit: 1179
November 11, 2019, 03:54:46 PM
#74
A great example of how Bitcoin can improve many processes in society. It is clearly shown that blockchain can be used not only in cryptocurrencies, but also to optimize business processes. Those companies that are the first to introduce this technology into their business processes will win against competitors.
I'm not sure if you are aware of what this means, but it has nothing to do with Bitcoin.... it's just the blockchain as technology they apply in a centralized way to be more efficient in what they do.

Overall, I never really saw much of an advantage of blockchain technology over a database, which generally provides more scalability too.... the hype around blockchains has made an empty industry become booming.

The funny part is that databases existed decades before blockchains became a thing yet it's still largely ignored.... this once again shows how poorly most companies have adapted to everything around IT.
sr. member
Activity: 2296
Merit: 315
SOL.BIOKRIPT.COM
November 11, 2019, 12:12:20 PM
#73
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.

Huge company like Coca-cola that are using blockchain technology would be great idea because there might be chances that other huge companies could also adopt blockchain technology in the near future for them to be secured and will be having fast transactions.
Big company Coca Cola have adopt bitcoin as legal currency payment transaction too get benefit with their companies have many part in the world, now we are waiting which one next big companies want to adopt bitcoin and altcoin as legal currency payment, will be competitor of Coca Cola is Pepsi want to use bitcoin as their payment transaction or not.
member
Activity: 1120
Merit: 68
November 11, 2019, 11:02:08 AM
#72
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.

Huge company like Coca-cola that are using blockchain technology would be great idea because there might be chances that other huge companies could also adopt blockchain technology in the near future for them to be secured and will be having fast transactions.
hero member
Activity: 1498
Merit: 586
November 11, 2019, 07:32:24 AM
#71
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.
If it will happen, it could not be harm but a very advantage for us, if one of the famous company in the market will accept blockchain and other cryptocurrency to their bussiness other companies even their rivals will soon adopt the technology too, in order for them to stay on what is new and what is effective and what does their competitor are doing.
legendary
Activity: 2254
Merit: 2253
From Zero to 2 times Self-Made Legendary
November 11, 2019, 06:35:50 AM
#70
As far as I know, the beverage industry is a manufacturing company that processes various raw materials into drinks that are ready for consumption by consumers. Strategic industries with bright prospects to be developed in all countries. In my opinion, the beverage industry is one of the industries that investors are interested in because the market is clear.

The beverage industry is also a labor-intensive industry that absorbs a large workforce and also contributes a large number to a country's economic growth. So that the beverage industry will not become a sunset industry.

Because it is a labor-intensive industry and relies on raw materials in the upstream industry, the mineral industry relies on volume to get a significant margin because the costs of production and distribution are very large. Distribution interest is very impacting on the supply chain and also the company's slow cash flow.

Although it is a multinational company, Coca Cola is also not immune to the problems that occur above. Therefore, the application of blockchain technology is expected to be able to connect broken supply chains quickly and of course more efficiently at lower costs.

Distribution efficiency means accelerating the velocity of money, eliminating the possibility of deadstock, increasing demand, and increasing profits.
sr. member
Activity: 994
Merit: 252
November 10, 2019, 10:09:07 AM
#69
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.
 We need more famous brands like coke to spread awareness regarding crypto currencies. The project teams of coins shall approach these brands to run their campaigns. This will make tremendous change in audience. Most of the people are ready to use blockchain technology and famous coins; they are just looking for green signals from people or companies who are already into it. Coke has business all over the world; its involvement is going to increase users.
sr. member
Activity: 994
Merit: 260
November 10, 2019, 01:28:49 AM
#68
A great example of how Bitcoin can improve many processes in society. It is clearly shown that blockchain can be used not only in cryptocurrencies, but also to optimize business processes. Those companies that are the first to introduce this technology into their business processes will win against competitors.
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