A carbonated soft drink manufacturer the Coca-Cola Company is using the German software firm SAP's blockchain to track the supply chain between 70 different franchises, Business Insider reports.
Andrei Semenov, the Senior Manager at Coke One North America (CONA) claims 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," Semenov added.
With the blockchain technology, the Coca Cola will try to simplify the transparency of the complex $21 billion in revenue network.
According to Business Insider, from now on, the Coca-Cola Company can monitor all transactions on the online ledger.