Supply Chain - Reading Assignment

Blockchain Business Course
#655
  1. origin and tracking of good
    2 knowledge that food we see and buy is really what we expect
    3 no viruses/damages caused to consumers + more trust from consumers
  2. tracing food origin
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#656

  1. What is the motivation behind Walmart investing in a blockchain solution?
    To track the supplies, particularly food throughout the chain to identify issues quickly:
    Frank Yiannas, vice president of food safety at Walmart (WMT) - “If you
    could track and pinpoint where that came from faster, you could alleviate all that
    and ensure consumer confidence continues.”

  2. How will this new solution benefit us as customers?
    Reduce the risk of contaminated food being distributed and bought, increase confidence in the product and company.

  3. How will this new solution benefit Walmart as a corporation?
    Provide trust in the supply chain process, origin, status and location in addition to increasing the ability to effectively investigate and resolve issues with products or processes to achieve greater efficiency and cost savings.

  4. What was the missing piece in their solution before they found blockchain?
    Paul Chang of IBM stated “The missing piece was a shared forum where companies could begin to see each others’ transactions and develop trust”

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#657
  1. Safer, more efficient and more transparent supply chain
  2. As a customer, we have more transparency about where the product come from and how they are produced and distributed
  3. It can lead to a better for the image of the company. Its makes sure they sell safe products (trust). It also reduces the time of response and research when a problem occurs in the supply chain (they have more precise information).
  4. A shared and digital ledger where entities can see each other and build a trusted supply chain together
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#658
  1. Blockchain will help Walmart to guarantee food tracebility, food safety and transparency to its customers
  2. More trust and transparency about the origins of the product
  3. Walmart will be able to cut costs and paper work for food traceability and also to react more quickly in case of some problem or desease.
    4.A shared and immutable database which could be easily accessed by all the interested actors.
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#659
  1. To offer more transparency to its customers.
  2. It’s easy to trace a product (2.3 seconds)
  3. It will make the entire supply chain fore efficient by putting all the necessary dosumentation on a communal blockchain.
  4. Efficient traceability
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#660

  1. Consumer safety - the goal is to reduce the chance of infected food reaching the customer. Blockchain reduces the time it takes to locate different articles in the supply chain. That reduces the time it takes to eliminate the bad articles, if need be.

  2. It reduces the chance that we as a customer will get infected food. We can also go and check the supply chain and if we get infected food, they can quickly resolve the issue.

  3. They can say with higher certainty and conviction that their food is fresh, without infections and safe to consume. That is something that the customer can check and thanks to blockchain the data is irrefutable.

  4. They didn’t have a database that was accessible by all interested parties, and that was also secure with low risk of tampering. Blockchain provided that and increased the speed of information flow significantly.

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#661
  • What is the motivation behind Walmart investing in a blockchain solution?
    Previous experience with food food (supplier) issues, that caused many people to get sick and also 3 people to die. They intended to make the information in a supply chain system for tracking products being shipped more secure, efficient and reliable.
  • How will this new solution benefit us as customers?
    Provides transparency of the products journey from distributor to the consumer
  • How will this new solution benefit Walmart as a corporation?
    Improved public relations, faster identification of problems within supplier chain. Less disruption to revenues.
  • What was the missing piece in their solution before they found blockchain?
    Transparency of transactions which also enable the development of trust.
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#662

1)Some time ago in Us spinach was infected with E Coli bacteria and it led to death of 3 people. If this could have been traced on time result would be different. So to trace food, it’s origin, it’s shelf life so that it’s safe for consumption wallmart adopted bloackchain
2. We will be able to have better knowledge about the food, it’s safety , transparency, faster information will help consumers
3.Lesser manual labour , faster (eg earlier it use to take 7 days to tack and now it takes 2.2 seconds), this will not only help maintain quality and transparency but will also help organisation to know point of fault/failure much more easily and quickly
4.A immutable piece of data that can keep information and can be accessed by trusted parties

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#663
  1. What is the motivation behind Walmart investing in a blockchain solution?
    Supply chain and tracking of their fresh produce to improve food safety.
  2. How will this new solution benefit us as customers?
    Information is transparent and it is faster to track down if the produce a customer buys might have been contaminated with bacteria or disease.
  3. How will this new solution benefit Walmart as a corporation?
    This will reduce business overhead for the manual processes and improve speed in processing information, especially when they need time critical information to be propagated fast to maintain the high food safety standard.
  4. What was the missing piece in their solution before they found blockchain?
    Transparency in information was the missing piece
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#664

1/ Blockchain solution allows WM to accurately and quickly identify problems such as infection or delays in the supply chain.
2/ Customers will have more confidence in quality of the food we consume.

3/ By quickly identifying any problem in food quality using blockchain, WM can maintain its food supply/quality , avoid loss of consumers’ trust, potential loss of revenues, and legal problems.
4/ Lack of trusted, verifiable data in timely fashion to make decision in real time.

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#665

1 To be able to track the origin and develop of the products to assure the quality and avoiding another food poisonings disaster.

2 With more transparency that assure the product is as good as it claims to be, customers will be more protected from scams and will get what is promised.

3 With better quality products there will be more happy customers choosing Walmart instead of other companies.

4 “The missing piece was a shared forum where companies could begin to see another’s transactions and develop trust”

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#666
  1. Improving food safety
  2. By being able to arm the customers much quicker if something isn’t ok with the goods.
  3. It can trace every station on the supply chain much quicker and has more transparency. Its also less work.
  4. Shared data
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#667
  • What is the motivation behind Walmart investing in a blockchain solution?

to better track their supply chain, and increase the safety of offered products

  • How will this new solution benefit us as customers?

the customer will have more assurance that the food he buys is good for consumption and free of any contaminations or diseases (thanks to faster methods of identifying such issues along the supply chain)

  • How will this new solution benefit Walmart as a corporation?

it improves the quality at a better price for the customer, which is a great benefit to the customer and it also improves the perception of walmart in the public eye perhaps

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

Walmart was missing transparency of their transactions which would also increase the trust / “trustlessness” of the system

1 Like
#668
  1. What is the motivation behind Walmart investing in a blockchain solution?
    The motivation is to improve food safety by having better record keeping, more supervision, and stricter health guidelines.
  2. How will this new solution benefit us as customers?
    We will have access to higher quality services and products where potential problems can be accessed quicker.
  3. How will this new solution benefit Walmart as a corporation?
    Walmart as a corporation will have quicker access to critical
    Information, which is more traceable, transparent, and fully digital.
  4. What was the missing piece in their solution before they found blockchain?
    Their missing piece was to have a platform where the companies could see each other’s transactions and develop trust.
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#669

  1. Food safety, supply traceability, better customer service, being able to greatly gaurantee peace of
    mind with the supply chain, efficiency with deliver and cost savings, and less wastage in
    contaminated product situations.

  2. Greater trust in fresher foods, faster transport.

  3. Reduce costs, greater certainty of supply chain accuracy, better producer, transporter and delivery
    transparancy and relationships, higher quality of record keeping ie. locations, storage
    temperatures, ticket clipping cost along the chain etc.

  4. All operators along the entire supply chain were operating independently with different record
    keeping formats.

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#670

  1. To have the ability to track all the products from the first until to the last stage for secure, efficient and reliable process.

  2. It will track the shipping of products and provide better and faster information about the products as they work themselves from shipper to consumer.

  3. Keep their products safer and reduce time and cost to do the same.

  4. An immutable database that keeps tracking information safe and can be accessed by all interested parties.

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#671
  • the inefficiencies of the food traceability process
  • ensuring the quality of the products that we consume and receiving transparent and secure data about the products
  • Making more produtive, transparent and efficient
  • Manual processes and outdated data
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#672

  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? :

    Provides transparency of the products journey from distributor to the consumer.

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

    • Circumvent a lot of law suits!
    • Walmart will gain a lot of trust with their customers.
    • They will have more access to information from each entity involved in the shipping chain.
    • Cost effective
    • Quality product

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

    Transparency of transactions which also enable the development of trust.

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#673
  1. What is the motivation behind Walmart investing in a blockchain solution?

The supply chain was bogged down in manual processes, therefore it was hard to track down any issues with products being shipped and delivered to customers (it took 7 days on average to trace the source of food).

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

Thanks to the blockchain-based traceability solution implemented by Walmart, any issues related to food safety or quality can be solved faster because the source of food, and all other entities involved in the transport, processing, and delivery of the goods can be identified faster (in 2.2 seconds on average), which reduces considerably the time required to act or quickly implement a solution.

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

Walmart will keep their products safer because they will have immediate and full visibility of their supply chain while reducing the time and costs to react or implement solutions whenever issues related to food quality or the safety of their customers occur. Happier and healthier customers = Increased revenues and profits.

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

The missing piece was the transparency of transactions in the supply chain: too many manual, delayed, paper-based processes, which led to no control and increased times and costs for inspection and adaption.

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#674
  1. What is the motivation behind Walmart investing in a blockchain solution?
    makes the supply chain process more traceable, transparent and fully digital
  2. How will this new solution benefit us as customers?
    The food will be safer to consume for consumers.
  3. How will this new solution benefit Walmart as a corporation?
    reduce time and cost
  4. What was the missing piece in their solution before they found blockchain?
    a database that keeps tracking information safe and can be accessed by all interested parties.
1 Like