Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) vending machine that operates on the power of lightning network will offer coke in exchange for Bitcoin (BTC). Ricardo Reis, a Spanish hardware hacker recently created such a vending machine that will provide the good stuff by scanning the inbuilt QR code.
The machine works automatically after scanning the QR code and receives as well as authorizes payment in Bitcoin and in return dispenses Cola. All this process completes in a just few seconds. Experts believe that if such a vending machine comes out it will work much quicker if shifted on the platform of Ethereum (ETH) network or any other blockchain-based platform.
Coca-Cola vending machine is a demo of open-source blockchain
The innovation by Reis clearly demonstrates how it is possible to integrate lightning network easily into thousands of various services. In that context, it also demonstrates very clearly the viability of the open-source nature of blockchain technology. However, the entire process of Coca-Cola vending machine needs some uplift from technical experts as it is not easy to use the QR code without building a customized coke dispensing machine. Even then blockchain technology’s existence can make the creation of such products entirely possible.
As of now, the video does not guarantee that the prototype of a vending machine is ready for the commercial market. However, this innovation from Reis thus introduces technical experts to the immense possibilities that lightning networks can offer. Interestingly, even though the machine is for Coco Cola the soft drinks company may not easily integrate Bitcoin payments in its operations. According to reports, “Sadly, right now the vending machine is just a proof-of-concept, and of course has no affiliation to the actual Coca-Cola Company.”
LN integration can open options for Bitcoin adoptions
In the case tier-one, topmost companies like Coca-Cola, Starbucks Corporation (NASDAQ:SBUX), or Mcdonald’s Corp (NYSE:MCD) decide to integrate LN in their working or even adopt Bitcoin payments it will automatically open options for widespread adoptions of cryptocurrencies. However, no companies seem to be in favor of this change. Experts believe that adoption of cryptocurrencies will lead to the generation of more business.