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