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Coca-Cola Embraces Blockchain Technology Developed by SAP

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    Coca-Cola bottlers now use SAP's blockchain technology to make the supply chain more transparent and efficient

Coca-Cola Embraces Blockchain Technology Developed by SAP
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Alabama-based Coca-Cola has become the latest major corporation to recognize the advantages of blockchain technology.

According to a recent Business Insider report, Coca-Cola's bottlers now rely on the blockchain solution, which was developed by German software corporation SAP to keep track of all transactions that take place within 70 franchises. 

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While big corporations are still able to control their own supply chains, it's challenging to deal with other organizations. For instance, Coke One North America (CONA), which cooperates with 12 largest bottlers to distribute Coke products, has to manage about 160,000 orders on a daily basis. 

By embracing blockchain, CONA will increase the efficiency and transparency of the gargantuan supply chain. CONA expects to reduce the duration of order-reconciliation from months to just days since it will be able to view all transactions made by different bottlers on a distributed ledger.   

"There are a number of transactions that are cross-companies and multiparty that are inefficient. They go through intermediaries; they are very slow. And we felt that we could improve this and save some money," said Andrei Semenov, the senior manager at CONA.

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The pilot program has been expanded to all franchises, and Semenov claims that its success could lead to a future cooperation between Coca-Cola and Walmart and Target.

Back in 2017, Walmart started testing IBM’s Food Trust blockchain for tracking its food suppliers.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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Crypto Expert Says Bitcoin and Ethereum Are 'Formidable' Collateral Economies

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    Holding Bitcoin as a collateral is the next big use case for the top cryptocurrency

Crypto Expert Says Bitcoin and Ethereum Are 'Formidable' Collateral Economies
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Contents

According to cryptocurrency influencer Chris Burniske, both Bitcoin and Ethereum already represent formidable collateral economies.

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Moving beyond a medium of exchange

In his earlier tweet, Burniske also predicts that holding Bitcoin as a collateral could eclipse its medium of exchange (MoE) use case.  

He even goes as far as claiming that Bitcoin could morph into an off-chain collateral for the world. 

Burniske states that Ethereum has already created a burgeoning collateral economy around it. Apart from extending its utility beyond a pure MoE, this could also drastically decrease the coin's volatility because of all DeFi use cases.   

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The next big thing in crypto

As reported by U.Today, Genesis Capital, a subsidiary of Digital Currency Group (DCG) that rules the roost in the cryptocurrency lending sector, had a record-breaking third quarter with a whopping $870 mln in new originations. 

In Q3, Bitcoin remained the best collateral for crypto with fiat money and altcoins breathing down its neck. The share of USD loans increased by 25 percent quarter-over-quarter.

However, a group of Wall Street traders made a dire warning about crypto lending, claiming that the breakneck speed of its growth could result in another crypto bubble. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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