Baseline Protocol is a public Ethereum blockchain technology used to deliver secure and cost-friendly enterprise use cases. This open-source technology has recently won over Coke One North America Services (CONA), owned by the major Coca Cola bottling companies. The project was confirmed by CONA’s Director of Innovation on LinkedIn shortly after the blockchain startups Unibright and Provide jointly announced it.Bottlers are already able to share data using the Hyperledger Fabric solution developed by CONA in conjunction with SAP. In case of insufficient on-hand stock, bottlers turn to other franchisees to make up for the shortfall. The usage of Fabric between CONA bottlers and franchisees to share data saves them the pain of lengthy reconciliations.
Also Read: Stablecoin Development CompanyBut now, there is a need for using a public blockchain that stems from the desire of including external suppliers, like bottle and can manufacturers, in the processes too. This is where the Baseline Protocol comes in. It will enable the internal systems of the involved companies to be synchronized without the fear of confidential data being stored on public blockchain.So, the problems like the difference between the promised quantities and delivered quantities of the stock will be represented on the blockchain as soon as the supplier makes the alteration. The solution stores Zero Knowledge proofs rather than storing the details of the order. It also offers tokenized invoices that can be factored using Decentralized Finance or DeFi.The initial release of the project is expected to be held in Q4 2020. We will have to wait until then to see the effects of integration of both the ERP and a Hyperledger Fabric solution with the public Ethereum blockchain.
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