Success Stories

Coca Cola and the US State Department Cooperate Using Blockchain addressing Social Problems
Editorial Team

Coca Cola, the beverage giant company is collaborating with US State Department to launch a Blockchain-based technology. As Reuters reports, the two institutions are working with other three companies to establish a secure registry of workers worldwide.

According to the State Department, this project will be the first major project that includes a governmental agency and Blockchain technology. The promotion of the use of Blockchain in other social areas besides the financial sector is a major bet for governments and other enterprises.

As reported by the International Labour Organization, around 25 million people work in forced-labor conditions worldwide. Most of these cases, almost half, are located in the Asia-Pacific region.

These facts are warning for big enterprises operating in the region, with the food and beverage companies feel the biggest pressure. According to a study released by KnowTheChain indicated that these companies do not act the best to solve the problem. The survey analyzed 10 global companies, including Coca Cola.

Brent Wilton, the company’s head of workplace rights said:

“We are partnering with the pilot of this project to further increase transparency and efficiency of the verification process related to labor policies within our supply chain.”

The State Department has also given its opinion on the matter.

“The Department of State is excited to work on this innovative Blockchain based pilot,” commented Deputy Assistant Secretary, Scott Busby.

In case of this project proceeds, there is a possibility the life of millions of individuals worldwide to be improved. There are many other life-changing Blockchain projects available right now.

For example, important retailers are working with Blockchain technology to track from where a product proceeds. This will reduce deaths from intoxication in many places in the world.

Moreover, in Africa, many Blockchain companies are investing in research and development to beat many existing problems in the region.