Coca cola bottlers use Blockchain - page 3.

karanggatak

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Quote from: Oneandpure on November 07, 2019, 05:01:13 AM

Quote from: karanggatak on November 06, 2019, 10:18:52 PM

Quote from: crossabdd on November 05, 2019, 07:48:54 PM

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.

Kprawn

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"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. Angry

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)

Colt81

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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.

desticy

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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.

Oneandpure

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Quote from: karanggatak on November 06, 2019, 10:18:52 PM

Quote from: crossabdd on November 05, 2019, 07:48:54 PM

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.

stompix

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Quote from: Kyraishi on November 05, 2019, 07:54:54 PM

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.

Quote

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 Tongue

, 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.

karanggatak

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Quote from: crossabdd on November 05, 2019, 07:48:54 PM

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.

romero121

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There is global need for technology to do big things that hasn't been achieved by the traditional system. Already several large scale companies have implemented the blockchain technology into their system. Now Coca-Cola using it adds more value to the technology.

When something has got more efficiency automatically the growth through the same will be big, and in such a way is the adoption happening. Till date we could've found the technology being used on other processes, now this into the core process gives it various dimension of usage which weren't known by the people.

Mometaskers

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What's good about this is that Coca-Cola is large manufacturer (not just some company that sell software) and if their blockchain would become successful then that would encourage other manufacturing companies to try blockchain of their own. Which could make product distribution more efficient and possibly even cheap (in Coca-cola's case it'll be mostly with the orders).

Currently they do have some problems with distribution. We get our's from intermediaries and many times the products we are ordering is out of stock and it's taking some time for them to be distributed from the factory.

Obito

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No more traffic in transaction though how they would handle loads of transactions. It seems they would be receiving over loaded of transaction, thus, new facilities and employees must be added. Convenient it is, well, proud of them that they now see the essence of blockchain in business and they have quite a big name in the industry as well. I think blockchain technology will be going all around the world, as other companies maybe are waiting for someone to start, fear wall has been open.

asus09

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Quote from: crossabdd on November 05, 2019, 07:48:54 PM

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.

Coca - Cola have announce for adoption bitcoin as their payment partner, Coca - cola have try for adopting bitcoin and altcoin as transaction payment to know with their costumer payment and how service giving the government store, hope government keep trusted with Coca - cola water become asset a while in your life because I have go for several days later.

Doell

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Quote from: Kambal2000 on November 06, 2019, 09:52:23 AM

Quote from: airdnasxela on November 06, 2019, 09:36:32 AM

One of the reason why blockchain is really beneficial to companies. It's not only about cryptocurrency but blockchain technology can be use in different field. We just have to maximize its use. And I think it's now starting for more adoption of blockchain technology in various field and country, which is good since they're now seeing its importance.

Quote from: Oasisman on November 05, 2019, 08:48:07 PM

That's a smart move from Coca Cola adapting the latest technology to improve efficiency and transparency. No more manual calculations everything will be recorded in the blockchain and it's more than reliable result.
What I can see as a disadvantage from developing this technology through various kinds of businesses is the possibility of less employments of manpower.

Indeed it can affect worker and employees when more companies will adopt this technology. We've ben hearing this, if one day people will have to compete with AI, especially with these kind of things. But right now, I don't see it as a risk yet since there are still a lot of things that only hhumans can do and not technologies.

For most of us, we will feel pity for those employees, as they might reduced their employee, but the thing is, it is not happening yet, so let's not think too advance, maybe they will just reduce the cost for overtime, and reduce the workload of employees, as we all know that there's a high turnover of employees these years in a company due to overworked and can't even rest at work due to stressing and toxic work, let's just stay positive about it.

blockchain technology will still be monitored by workers because all of the input data chains are numerous ,workers will be divided into different tasks but still in the same space ,this technology simplifies and minimizes the level of corruption so it is very good for company development ,we not to make people unemployed too there is still plenty of room to work in this company

Genemind

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Quote from: Oasisman on November 05, 2019, 08:48:07 PM

That's a smart move from Coca Cola adapting the latest technology to improve efficiency and transparency. No more manual calculations everything will be recorded in the blockchain and it's more than reliable result.
What I can see as a disadvantage from developing this technology through various kinds of businesses is the possibility of less employments of manpower.

It's one of the disadvantages of crypto adoptions. Yes, it could definitely replace manpower but it could also make tasks faster and more convenient which would benefit huge companies just like Cocacola. It will also have a good impact on crypto which will be beneficial for most users. Let's look at the positive side of crypto adoption first because it has lots of advantages rather than its negative effects.

Kambal2000

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Quote from: airdnasxela on November 06, 2019, 09:36:32 AM

One of the reason why blockchain is really beneficial to companies. It's not only about cryptocurrency but blockchain technology can be use in different field. We just have to maximize its use. And I think it's now starting for more adoption of blockchain technology in various field and country, which is good since they're now seeing its importance.

Quote from: Oasisman on November 05, 2019, 08:48:07 PM

That's a smart move from Coca Cola adapting the latest technology to improve efficiency and transparency. No more manual calculations everything will be recorded in the blockchain and it's more than reliable result.
What I can see as a disadvantage from developing this technology through various kinds of businesses is the possibility of less employments of manpower.

Indeed it can affect worker and employees when more companies will adopt this technology. We've ben hearing this, if one day people will have to compete with AI, especially with these kind of things. But right now, I don't see it as a risk yet since there are still a lot of things that only hhumans can do and not technologies.

For most of us, we will feel pity for those employees, as they might reduced their employee, but the thing is, it is not happening yet, so let's not think too advance, maybe they will just reduce the cost for overtime, and reduce the workload of employees, as we all know that there's a high turnover of employees these years in a company due to overworked and can't even rest at work due to stressing and toxic work, let's just stay positive about it.

airdnasxela

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One of the reason why blockchain is really beneficial to companies. It's not only about cryptocurrency but blockchain technology can be use in different field. We just have to maximize its use. And I think it's now starting for more adoption of blockchain technology in various field and country, which is good since they're now seeing its importance.

Quote from: Oasisman on November 05, 2019, 08:48:07 PM

That's a smart move from Coca Cola adapting the latest technology to improve efficiency and transparency. No more manual calculations everything will be recorded in the blockchain and it's more than reliable result.
What I can see as a disadvantage from developing this technology through various kinds of businesses is the possibility of less employments of manpower.

Indeed it can affect worker and employees when more companies will adopt this technology. We've ben hearing this, if one day people will have to compete with AI, especially with these kind of things. But right now, I don't see it as a risk yet since there are still a lot of things that only hhumans can do and not technologies.

audaciousbeing

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Quote from: crossabdd on November 05, 2019, 07:48:54 PM

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.

Times without number we all know that blockchain is the technology of the future. It might not solve the entire problem because the complexities that surrounds an organisation routine activities especially companies whose activities cut across countries and continents and with several plants across the world couple with the quest for one centralised location in other to ensure uniformity of quality across board, then blockchain at the moment is the solution. Its no surprise that companies are beginning to see the possibility that this could bring to them and the cost reduction which is the ultimate goal of every company makes it a coveted piece of technology. The two companies mentioned here could bring about a sizeable change considering SAP cliente and consumers that coke reaches on a daily basis.

Clement Kaliyar

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Quote from: X-ray on November 06, 2019, 06:18:06 AM

Well there is a research out there that saying the use of AI or machine will surely replace some of the repetitive jobs however it will create new jobs as well.

There is no doubt that the job market will evolve with change in technology but implementation of AI and robots will reduce the number of jobs available in the market too and it is a fact, technology will improve the accuracy level in the job industry and all the companies will be looking to automate their jobs with much lesser work force than they used to have.
Blockchain implementation will have some clarity and reduce the cost in the industry and many companies are doing research and how effective they can use the system and we will see more implementation in the coming years.

dioanna

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Blockchain technology will definitely help big companies like coca-cola, I am very thrilled to know this information.
If big companies use it, small businesses will consider also.

Strongkored

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Quote from: stadus on November 06, 2019, 12:37:44 AM

They are now embracing the blockchain, what's next to this? are they going to accept crypto?

I think it's still too far, what the company needs is how to make the business work efficiently and they will look at the technologies that can make it happen, volatile crypto will make their income and expenses change according to the price of crypto they use in their company.
Blockchain will be a technology that has been adopted by many companies first, while for crypto it takes more time to prove that crypto can make their business better.

X-ray

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I just hope that this fact will change the general perception regarding the block chain system which the government is always recognize as an anonymous ways of transaction which actually is not true at all except those anonymous coin that are initially designed that way.
The fact that block chain could be benifical in term of efficiency and transparency for various sectors is also one of thing that hopefully trigger the development and implementation of block chain system into certain company and will prove that the system is robust.

Quote from: Oasisman on November 06, 2019, 05:18:12 AM

I hope you understand the definition of efficiency. Machines and computers are more efficient than humans.
Blockchain technology can lessen the workload in the production floor. So, what do you think will most likely to happen to the employees who has lesser workload than what's supposed to be thei job?

Well there is a research out there that saying the use of AI or machine will surely replace some of the repetitive jobs however it will create new jobs as well.

Topic: Coca cola bottlers use Blockchain - page 3. (Read 511 times)