Supply Chain - Reading Assignment

Blockchain Business Course
#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.

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#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
2 Likes
#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.

2 Likes
#193

  1. To eliminate layers that
    exist today that add very little value to the industry.

  2. We will be able to track the provenience and the quality of our food.

  3. People will trust them.

  4. They spent many days to find and put together all the information about the products.

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#194

  1. The motivation behind Blockchain solutions was to avoid selling contaminated food to the customers such as E coli romaine lettus in 2018.

  2. Customers can buy food from walemant without worrying to be sick because of the food toxication.

  3. As a corporation, Walmart will be trusted by customers and avoid possible dispute which would cost time and money. Tracing the provenance of food becomes efficient in 2.2 seconds instead of 7days without blockchain. ( probably saved cost due to the fact that there is no middleman for investigation.)

  4. The missing piece was the traceability and certainty of the provenance of food.

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#195

What is the motivation behind Walmart investing in a blockchain solution?
To lower the time required to trace supply chain processes, in the event of an issue like E. coli in lettuce.

How will this new solution benefit us as customers?
Reduces the likelihood that infected food will reach the consumer.

How will this new solution benefit Walmart as a corporation?
Reduce time to trace the source of food from 7 days to 2.2 seconds!

What was the missing piece in their solution before they found blockchain?
A unified database that all supply chain participants shared.

1 Like
#196

  1. What is the motivation behind Walmart investing in a blockchain solution?
    Track the origin of the product in time to make it safer and more controllable,all this to ensure that the confidence of the consumer continue.

  2. How will this new solution benefit us as customers?
    Will more transparency regarding the origin of ingredients, we will know what we are consuming.

  3. How will this new solution benefit Walmart as a corporation?
    They will gain time when tracing the source of food, actually 7 days to trace manual the source of food ,while in blockchain while in blockchain will take 2.2 seconds. The will gain more consumers that trust their products due to the transparency and safety.

  4. 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 others’ transactions and develop trust.

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#197
  1. The motivation is tracking food freshness and safety standards along the entire supply chain
  2. The solution will result in transparency across the entire food production cycle
  3. Obviously any retailer wants their products to be fresh and blockchain is the next level of insurance that products are not tampered with somewhere along the value chain. It’s the ultimate “quality label”
    4.The difference that blockchain makes is in ease of traceability of the entire food chain, resulting in reduction of risk that bad/tampered with products hit the market
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#198

  1. to consumers about the whole supply chain sustem for tracking products being shipped more secure, efficient & reliable.

  2. show & proof the tracking of shipments & its products. Provide better & fasters information about the product as they work themselves from shipper to consumer.

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

  4. an immutable database that keepstracking information safe & can be accesed by all interested parties.

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#199
  1. To improve the traceability of food, as well as transparency of the supply chain
  2. Substantially reduces likelihood infected food will affect consumer (eg. ecoli lettuce)
  3. Keeps products safer, reduces time, cost and bureaucracy of supply chain
  4. An immutable, transparent database that accounted for the entire supply chain and where everyone who had a part in the transactions could see/upload their processes
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#200

  1. The motivation behind Walmart investing in a blockchain solution was to avoid a repeat of the situation whereby E.coli tainted spinach was widely distributed and made many people sick.

  2. This new solution will benefit us as customers because we will be able to see where a product comes from and how it reached us. This can benefit us on moral, as well as health grounds.

  3. This new solution will benefit Walmart as a corporation because consumers want more transparency about what they are buying, and this will provide it.

  4. The missing piece of their solution before they found blockchain was a shared forum where companies could see each others’ transactions.

1 Like