Pepsi Provides Measurable Evidence For Blockchain Utility
May 06 2019 - 12:30PM
ADVFN Crypto NewsWire
Bitcoin Global News (BGN)
May 6, 2019 -- ADVFN Crypto NewsWire -- The blockchain has always
been useful for more than just recording transactions and changing
the way that we deal with money. Since it is an immutable ledger
for recording any sort of information, there has always been a wide
amount of interest from companies looking to improve their supply
chains.
Time and time again, it has been
claimed that the blockchain will be the first technical framework
to truly the tracking of products from farm to table or factory to
home. Until recently, the problem has been that since such an
implementation has only been around for less than ten years, little
data exists to back up its’ veracity.
Today, with Pepsi announcing the
results of its’ trial usage of the Zilliqa blockchain, it appears
that we may have finally entered a time in which blockchain usage
will be proven to be profitable. According to CoinDesk, Pepsi
recorded a 28% overall increase in overall supply chain
performance, though as stated above, the technology was rolled out
in limited scale.
If you are wondering how the
specifics of this pilot worked out, it all began with automating a
microcosm of Pepsi’s supply chain with the Zilliqa blockchain.
Before going any further with how this worked out, it’s important
to note that the usage of any blockchain network to improve a
particular supply chain does not necessarily need to go beyond
payments.
In Pepsi’s case, the increase in
overall performance came from Zilliqa’s demonstrated ability to
process transactions related to Pepsi’s supply chain in real-time.
Considering this, it could easily be said that this was nothing
more than an institutional test of the blockchain’s core use
case.
Even if this was true, however,
since the trial was more specifically geared towards how
efficiently advertisements could be published, the positive
implications of the project did seem to reach beyond how we use
currency. In truth, however, perhaps crypto tokens will always be a
part of every blockchain implementation and that’s not such a
restrictive thing. They’re the reason that the blockchain is able
to be more than a simple ledger, in the end.
By: BGN Editorial Staff
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