Supply Chain - Reading Assignment

Blockchain Business Course
#173
  1. What is the motivation behind Walmart investing in a blockchain solution?

Walmart was looking for a way to faster track, in this case, the source of an E.coli bacteria outbreak, in order to provide better food safety for this customers. Besides food safety they were also looking for a solution that they, in case of an outbreak, would not need to shut down that whole supply chain.

  1. How will this new solution benefit us as customers?

Customers will be better protected against an unfortunate event as an Ecoli outbreak since the producers and suppliers are able to localize the origin of an outbreak in a faster way. Customers will be able see very quick if the products they bought are part of this outbreak. This could save lives. Other benefits are that customers are able to see the origin of their food.

  1. How will this new solution benefit Walmart as a corporation?

It will save them time and resources. By pinpointing this origin of an outbreak very quickly and precisely they do not need to shut down the whole supply chain of in this case pork delivery. When an outbreak does happen it will save them time and resources at that moment in time to solve the problem.

  1. What was the missing piece in their solution before they found blockchain?

The missing piece was a shared forum where companies could begin to see each other’s transactions and develop trust. On such a platform

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#174

  1. What is the motivation behind Walmart investing in a blockchain solution?
    A secure and transparent way to track products through the entire supply chain, and store permanent records of the transactions.

  2. How will this new solution benefit us as customers?
    More transparency, trust and better traceability.

  3. How will this new solution benefit Walmart as a corporation?
    Simplifies, reduces cost and improves the transparency and traceability of the products.

  4. What was the missing piece in their solution before they found blockchain?
    A efficient, transparent shared protocol for the traceability of there products

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#175

1)an outbreak of a deadly strain, and how to avoid it, or at least track ik down to stop it asap
2) transparency for customers, how a product came to be
3)such a system could help prevent disaster scenarios
4) a charade forum where companies could see each others transactions

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#176

  1. What is the motivation behind Walmart investing in a blockchain solution?
    To track food from original source to consumer in its entire supply chain using distributed ledger that is immutable to ensure food safety and easier to find the source of problem should a contamination situation happens.Using the blockchain Walmart will have Traceability, Transparency, safety of the food and above all it’s fully digital meaning that a lot of time and paper work becomes unnecessary.

  2. How will this new solution benefit us as customers?
    Customers can fully trust that the products they buy are safe to use with increased transparency in the food source and quality. In this way, the customer will know where the product came from and be sure it’s not a recalled items. As removing recalled items from selves will be a much faster simpler process.

  3. How will this new solution benefit Walmart as a corporation?

  • Trackable supply chain increase product safety
  • save costs on paper admin, establish trust in products
  • able to pin point source of problem if contamination is detected so early interference could be put in place to prevent further outbreak.
  • Build trust with consumers through transparency in product information and quality.
    *Scalability
  • The goal is to make sure that the food that is sold at Walmart is safe for consumption, and if there is a problem, making auditing the supply chain a trivial activity.
  1. What was the missing piece in their solution before they found blockchain?
    Before moving the process to the blockchain, it typically took approximately 7 days to trace the source of food. With the blockchain, it’s been reduced to 2.2 seconds. That substantially reduces the likelihood that infected food will reach the consumer. By placing a supply chain on the blockchain, it makes the process more traceable, transparent and fully digital. Each node on the blockchain could represent an entity that has handled the food on the way to the store, making it much easier and faster to see if one of the affected farms sold infected supply to a particular location with much greater precision.
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#177

What is the motivation behind Walmart investing in a blockchain solution?
To create a secure supply chain system for tracking deliveries

How will this new solution benefit us as customers?
More reliable, easier to track deliveries

How will this new solution benefit Walmart as a corporation?
More secure more cost efficient

What was the missing piece in their solution before they found blockchain?
They needed a central secure data source

1 Like
#178

Excellent answer sir! really well documented! keep it like that please! :muscle:

Carlos Z.

#179
  1. they wanted to find faults in the food chain supply much faster in order to serve safe food to the consumer
  2. faults in the system will emerge faster or can be faster corrected, so in the end the food is more safe
  3. great PR, less costs for clearing out suspicious food that turn out to be fine
  4. shared data, it was in excel, or on paper.
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#180
  1. To easily track down logistic of food and and improve food safety. So, the process to be more traceable and transparent and accuracy.
  2. Ensure that the food is safe and it is easier to track down the origin of the issue in case there is a contamination.
  3. Finding an origin of the problem quick is saving cost. Also increase trust to customers.
  4. Transparency and accuracy of transaction.
1 Like
#181

Reading Assignment: Supply Chain

1. What is the motivation behind Walmart investing in a blockchain solution?

  • Cases like E.coli in the USA, milk contamination in China and mad cow disease in the UK to name a few, could all have been dealt with quickly, efficiently and appropriately. A system like Blockchain/DLT could help prevent disaster scenarios like the fatal nationwide outbreaks. Companies like Walmart could track, trace and pinpoint contaminations’ or other supply chain issues faster therefore ensuring consumer confidence.

2. How will this new solution benefit us as customers?

  • Blockchain solution is designed to provide the retailer provenance by recording a list of transactions or data indicating, track and tracing how the food/product we consume has flowed through a commercial network, from producers to processors to distributors to supermarkets etc… and finally, to us the consumers. Consumers today want more transparency about where and how a product came to be, and with blockchain we have the ability to shine a light on the food production systems and the complete processes that leads to transparency.

3. How will this new solution benefit Walmart as a corporation?

  • Eliminating existing friction layers in the supply chain making it more efficient (cost efficiencies)
  • An enhance product management systems to prevent and deal with issues like contamination(better control points)
  • Transparency
  • Track and Trace
  • Provenance
  • Increased Trust
  • Enhancing consumer confidence

4. What was the missing piece in their solution before they found blockchain?

  • That missing piece is the (Private) Blockchain Technology, a Transparent, Immutable, and Secured DLT, where permissioned entities are trading or collaborating together in the entire supply chain can see all transactions and develop trust.
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#182

  1. What is the motivation behind Walmart investing in a blockchain solution?
    To be able to easily track the supply chain of food for public safety.

  2. How will this new solution benefit us as customers?
    Creates transparency to the products that we desire to consume. Increases our confidence to buy products that we thing are made by high quality, moral, and sanitary producers.

  3. How will this new solution benefit Walmart as a corporation?
    Will increase consumer confidence and brand identity to be a responsible corporation.

  4. What was the missing piece in their solution before they found blockchain?
    There was no records of the supply chain that consumers may have analyzed. Walmart could not have been able to track down infected produce if there were to be an outbreak of bacteria or virus.

1 Like
#183

  1. What is the motivation behind Walmart investing in a blockchain solution?
    to make their supply chain more traceable, transparent, and digitized. This can save time and money from their current process while enhancing the safety of their supply chain to the customer.

  2. How will this new solution benefit us as customers?
    Transparency and safety. The author uses the E Coli example to demonstrate how quickly Walmart can identify an issue with their supply and, in turn, better protect the customer.

  3. How will this new solution benefit Walmart as a corporation?
    More consumers may trust Walmart. Walmart will save money on anything from the administrative costs to recall costs or potential law suits.

  4. What was the missing piece in their solution before they found blockchain?
    Transparency, precision, and speed. Walmart had an issue identifying and tracing supply issues back to the original source, in a timely manner, to help protect consumers.

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#184
  1. More reliable, and faster data tracing
  2. The chances of us buying consumable products that can harm us will greatly reduce
  3. This will step up Walmart’s game against other competitors that don’t use that system. Both customer wise, and efficiency wise. Faster Tracing, less working power, cheaper.
  4. Systems and data that talks between each other properly.
2 Likes
#185

  1. What is the motivation behind Walmart investing in a blockchain solution?
    To quickly find the source of food came from when there are issues with the food. In this case it was contaminated spinach. The outbreak of E. Coli could have been mitigated if Walmart could pinpoint where the spinach came from.

  2. How will this new solution benefit us as customers?
    Transparency in regards to where food is sourced from.

  3. How will this new solution benefit Walmart as a corporation?
    It will develop trust between themselves and their customers. It will also curb fraud.

  4. What was the missing piece in their solution before they found blockchain?
    A shared forum where organizations can be transparent among each other and develop trust.

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#186

  1. Walmart’s motivation is food safety, and being able to track a problem, should one arise.

  2. As customers we will benefit from being able to track the origins of our food.

  3. Walmart will benefit from being able to trace problems or disease outbreaks faster and simpler.

  4. A shared database that everyone in the food supply chain could easily access to verify the products, yet was secure.

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#187
  1. To optimize the documentation and traceability of their supply chains
  2. More transparency in order to origin of products that means a reduction of likelihood that infected food will reach the consumer.
  3. Less costs of administration and create more trust and security for their consumers
  4. An immutable database that keeps tracking information safe and can be accessed by all permissioned users
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#188

  1. This will prevent recalls and lawsuits. This will also eleminate non-value added layers.

  2. This will give customers confidence that the product is from where it states. They call also feel comfortable the items are handled properly.

  3. Less lawsuits, less waste, improve customer relations, and improve vendor relations

  4. They were missing a place to log skew info for up and down line vendors and trust the info is correct

2 Likes
#189
  • What is the motivation behind Walmart investing in a blockchain solution?
    Create transparency of the foodchain for the customer and Walmart internal.
  • How will this new solution benefit us as customers?
    Easier to see when, where it is produced
  • How will this new solution benefit Walmart as a corporation?
    Building on trust for the consumer and creating more insight in processes for Walmart.
  • What was the missing piece in their solution before they found blockchain?
    Transparency of the process and a place to store safely all data of the end to end process
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#190

1. What is the motivation behind Walmart investing in a blockchain solution?
Much faster and efficient process to trace the food to individual suppliers and brining overall transparency through a digital product.

2. How will this new solution benefit us as customers?
There is an emphasis on the transparency through which products make their way from distributors to end customers.

3. How will this new solution benefit Walmart as a corporation?
Straighten trust relationship with consumers, efficiency on processes, swifter reactions for incident management.

4. What was the missing piece in their solution before they found blockchain?
Tedious and inconsistent processes with little transparency on data.

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#191
  1. The primary motivation is cost to the business when there is a food issue, the secondary motivation is impact on customers and trust in the food product which has translated into a goal of both traceability and transparency.
  2. The new solution will instill confidence in customers that the food from farm to store was properly taken care of and is verifiable and most importantly safe to consume.
  3. The new solution will cut cost and time for resolution of bad food products and instill customer confidence in food quality and retention of shoppers.
  4. A traceable solution to quickly identify which food batches were bad and where the source of the food supply in the supply chain came from. The typical process took about a week worth of time and with blockchain narrowed that time to seconds.
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#192

  1. What is the motivation behind Walmart investing in a blockchain solution?
    To make the information in a supply chain system for tracking products being shipped more secure, efficient and reliable.

  2. How will this new solution benefit us as customers?
    Track on their food, faster information

  3. How will this new solution benefit Walmart as a corporation?
    Safer and reduce time frame for customers

  4. What was the missing piece in their solution before they found blockchain?
    Lack of trust in preservation of goods from one party to the next, also lacking a consistent platform to keep records of each step of the shipping chain.

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