Coca-Cola : smart contracts
CLOUD & CYBER
SUPPLY CHAIN
Monitoring your supply chain is difficult , principally because the transfer of paper dockets to ERP systems is done by us fallible humans . Badly . Using blockchain could help to streamline not just the process of tracking where goods are in a supply chain but also the whereabouts of any stock to the minute . The resulting efficiencies for businesses could be huge , and companies could also check the provenance of goods they are being sold . On the other end of this equation lie customers , who would potentially have access to data on where their food has come from , and whether their goods had come from territories or companies with poor workers ’ rights records .
Coca-Cola : smart contracts
Coca-Cola wanted to check the provenance of its ingredients , agreeing to take part in a multinational study into child labour , forced labour and land rights for its sugar supply chains . Its solution was smart contracts , a blockchain technology that logs workers and their contracts into a centralised register . Smart contracts were first popularised on the Ethereum network and can help verify , facilitate or enforce conditions . In this case , Coca-Cola wanted to define work , pay and employment duration . The blockchain register is then used to hold plantation and refinery employers to account .
technologymagazine . com 71