The project is aimed at expanding the use of blockchain and DLT to integrate bottling companies’ internal networks with external suppliers
A partner of the largest US-based Coca-Cola bottling company, Coke One North America (CONA), has announced that it will now use The Baseline Protocol — a public Ethereum blockchain technology targeted at enterprise use cases.
The project aims to capitalise on the benefits of blockchain to enhance transparency and reduce friction in cross-organisation supply chain transactions. CONA is looking to establish a “Coca-Cola Bottling Harbour” to streamline transactions with both internal bottle suppliers and external raw material suppliers.
CONA is a platform that provides tools to 12 of the largest Coca-Cola company bottling partners in North America and enables them to collaborate as one company to meet the supply needs of Coca-Cola. This project will involve CONA working with several distributed ledger technology firms: along with Baseline Protocol founding members, Unibright and Provide.
The Baseline Protocol is a collection of software on top of Ethereum that enables the internal systems of two or more companies to be synchronised without storing confidential data on the public blockchain.
The Monday announcement, made by blockchain solution developer, Unibright, outlined CONA’s plans to expand the use of blockchain across its supply chain to improve security and transparency.
The 12 largest North American Coca-Cola bottlers began using a Hyperledger Fabric-based blockchain platform for internal supply chain management last year, with plans to improve efficiency in the bottlers’ intricate supply chains through the project, the announcement noted.
ConsenSys developer and Baseline Protocol co-founder, John Wolpert, described “baselining” as “a technique for using the public Ethereum Mainnet to maintain consistency between different records and systems of recording.”
Data will be baselined into the Ethereum mainnet to create “an integrated, private, distributed integration network” for CONA. The project is expected to show initial results in the last quarter of 2020.
The announcement emphasised blockchain’s abilities to facilitate untamperable data recording and “complex inter-organization business process automation”. It added that the Baseline Protocol will further prove crucial in asset token and decentralized finance use-cases.