A partner of the largest US-based Coca-Cola bottling company will use The Baseline Protocol to increase transparency and reduce problems with cross-organization supply chains / transactions. The partner involved is "Coke One North America", also known as CONA,
For the project, CONA will collaborate with distributed LEDGER technology (DLT) companies and with Baseline Protocol founders Unibright and Provide. They will together establish a "Coca-Cola Bottling Harbor". This will enable streamlined transactions between both internal bottling suppliers and external suppliers of raw materials.
Coca-Cola bottlers are expanding blockchain adoption
On August 3, Unibright announced CONA's plans to extend the use of blockchain technology across the supply chain.
The announcement states that the 12 largest North American Coca-Cola bottlers started using a Hyperledger Fabric-based blockchain platform last year. This is used for internal supply chain management. This improved transparency and efficiency in the complex supply chains of bottlers.
In the new project, CONA will expand its use of DLT beyond its internal network to include external suppliers. This includes suppliers of raw materials who distribute cans and bottles.
In addition to facilitating watertight data registration and “complex automation of business processes between organizations”, the announcement notes that the Baseline Protocol can be used for asset token and decentralized finance (DeFi)
CONA expects to publish results in the 4th quarter
Data is "baselined" to the Ethereum (ETH) mainnet to create an integrated, private, distributed integration network for CONA.
Speaking to Cointelegraph, ConsenSys developer and co-founder of Baseline Protocol, John Wolpert, described “baselining” as follows:
"A technique for using the public Ethereum Mainnet to maintain consistency between different records and recording systems."
Baselining uses the mainnet as “middleware” to verify the authenticity of data. In addition, zero knowledge proofs are used to ensure that the data of the entities involved in the protocol is not accessible to other network participants.
The Baseline Protocol was launched in March this year by Microsoft, Ernst & Young and ConsenSys.
The first results are expected to be shown in the fourth quarter of 2020. Unibright wants to demonstrate that zero knowledge testing can be applied to standardized business processes, basic data can be used to eliminate coordination problems and the use of invoice tokenization is possible
