Supply Chain - Reading Assignment

Blockchain Business Course
#261

Reading Assignment: Supply Chain

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

To make the supply chain fully digital , to remove manual paper work and to speed up processing of data, and to make it traceable and transparent.

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

To reduce the likelihood to buy infected food.

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

Making 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 and fast activity.

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

They did not have a fast way to trace where some infected food comes from , to trace the supplier and stop any further shipments from that supplier, to be able to secure that supplier goods is not sold to any customers.

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#262
  1. What is the motivation behind Walmart investing in a blockchain solution?
    To provide customers with transparency of the food supply chain and to be quicker to identify problems regarding food safety.
  2. How will this new solution benefit us as customers?
    We will benefit from better assurance and transparency that the food is good to consume.
  3. How will this new solution benefit Walmart as a corporation?
    It reduces monitoring costs across the supply chain, problems are identified more quickly.
  4. What was the missing piece in their solution before they found blockchain?
    A shared forum/ledger, to be able to trust the supply chain parties in their data.
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#263
  1. What is the motivation behind Walmart investing in a blockchain solution?
    WalMart wanted to be able to respond to food safety issues much more quickly and efficiently.
  2. How will this new solution benefit us as customers?
    It will benefit the consumer because it will reduce the likelihood of food safety issues.
  3. How will this new solution benefit Walmart as a corporation?
    WalMart will benefit because customers will have increase confidence that the food that they buy from WalMart is safe.
  4. What was the missing piece in their solution before they found blockchain?
    The missing piece in the solution was lack of standardization in the supply chain data and lack of transparency in that data.
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#264

  1. Walmartā€™s invested in a blockchain (DLT) solution to address its need for an immutable data record on food provenance and real-time tracking of these products along the supply chain, i.e. from the original source to the end consumer, in order to maximize food safety and rapidly pinpoint a hazard event and take action to prevent its propagation. Time and cost efficiency are also good motives.

  2. The customers/consumers can trust in a trustless way that these food products are ā€˜safeā€™/matches the claims they say to be.

  3. This new solution brings several benefits to the company, like: It builds and strengths good reputation (increases sales), it adds time and cost efficiency (quicker response and less paperwork load), it facilitates auditing, it decreases the risk of a food-safety hazard and its negative consequences and it opens for more collaboration, improvement and scalability.

  4. The missing piece was the access to real-time, traceable and immutable data on a ledger where one could rapidly identify a hazard in the supply chain and address it straight away, minimizing its ripple of negative consequences. A DLT solution provides this now; contrasting to a centralized record keeper (server).

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#265

  • What is the motivation behind Walmart investing in a blockchain solution?
    To improve traceability and transparency of the food chain from production to the end-consumer.

  • How will this new solution benefit us as customers?
    It will show us how and where our food was produced.

  • How will this new solution benefit Walmart as a corporation?
    It improves accountability and boosts consumer confidence in their products. In case of a disease outbreak or a problem with the products, the blockchain solution makes follow up fast and efficient in order to take appropriate measures.

  • What was the missing piece in their solution before they found blockchain?
    Documentation depended on paperwork which caused inconsistency in information; papers cannot communicate with each other. The blockchain enables accurate transmission of information but the suppliers must be able to upload information on the blockchain applications first.

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#266
  1. a transparent and save food supply
  2. you can look up where the fruit came from, how old is it, how long did it take to get into the shop,
  3. a transparent food chain makes it easy if something of the food is not good to find the source whey and what happenedā€¦it will build a high trust to the customers because of transparency
  4. the systems did not talk to each other so they actually had no real data
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#267

  1. to trace a food-born disease, they challenge can take several weeks to find its source. Better traceability could help save lives by allowing companies to act faster and protect the livelihoods of farmers by only discarding produce from the affected farms.

  2. Not only benefits us customers but also farmers and companies, if we can trace where a infected cucumber back in 2011 was farm, then we could act very fast, inform everyone and stop all the incoming infected vegetables and track all the vegetables that where in the same room as the cucumber, quarantine, test and destroy. and not destroy all the cucumber from several countries like they did.

  3. making sure that the food that is sold at the stores is safe for consumption, and if there is a problem, they can trace it and solve the problem very fast.

  4. They want to trace and inform their clients where the vegetables come from and the transparency. which farm, which farmer and if its safe to eat ect.

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#268

  • 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.

  • How will this new solution benefit us as customers?
    Customers might have more transparency into where their food quality and other items are sourced.

  • How will this new solution benefit Walmart as a corporation?
    Eliminating layers in the supply chain that exist. Add better management of contamination cases and improve transparency.

  • What was the missing piece in their solution before they found blockchain?
    A shared forum/ledger.

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#269
  • What is the motivation behind Walmart investing in a blockchain solution?
  • inability to track products and the supply chain amidst health crisis brought on by bad products
  • How will this new solution benefit us as customers?
  • customers will be safer - ensured of quality control etc
  • How will this new solution benefit Walmart as a corporation?
  • able to efficiently deliver traceable products and review problems with supplies and suppliers
  • What was the missing piece in their solution before they found blockchain?
  • the shared forum where supplietrs could see and trust each other along the supply chain
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#270

  1. Before moving the process to the blockchain, it typically took approximately 7 days to trace the source of food. With the blockchain, itā€™s been reduced to 2.2. That substantially reduces the likelihood that infected food will reach the consumer.

  2. In this way us as customers are more sure that in case of some food is infected, they can trace it more quickly and remove it from the supply.

  3. The customers will trust more in the products sold by them.

  4. THe missing piece was a shared forum where companies could begin to see each othersā€™ transactions and develop trust.

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#271
  1. Disaster response, easier to track back faulty or contaminated products.
  2. I as a customer have a smaller chance of being poisoned, maimed and what not.
  3. Less law suits
  4. a shared forum where companies could exchange data & build trust.
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#272

  1. For quick, precise, and cost effective traceback of products.

  2. Yes this should be a benefit to the customer. Ultimately cost savings should be passed on to the consumer, however, this case is specific to customer safety in the ability to identify contaminated product.

  3. This will reduce cost and facilitate automation

  4. This was a manual process prior to blockchain

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#273

1.By placing a supply chain on the blockchain, it makes the process more traceable, transparent and fully digital.
2. We can trace the food to the origin and have a better understanding where the product comes from and if there is any issues with.
3. Making the company more transparent with their products which will increase the public image of Walmart, thus increasing profits. Also time efficient instead of manual processes and this can save the company money.
4. Transparency

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#274

To improve food safety and trust to the Clients.

Guaranteed Food Safety and transparency on the hole supply / Producer Chain.

The transparency is building trust for the Clients. Reducing costs to monitor the hole Chain of Producer. It also will improve on administrative cost efficiencies and food waste.

A Plattform where erverybody could see the each otherā€™s Data to build a Trustlevel.

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#275
  1. What is the motivation behind Walmart investing in a blockchain solution?

To be able to trace food along the supply chain.

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

Increase food safety by being about to take bad food out of circulation exponentially faster.

  1. How will this new solution benefit Walmart as a corporation?
    By saving money and time in tracking their supply chain.

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

Blockchain! Lol Something that communicates over the different protocols.

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#276

  1. To obtain information about food details such as; where was it procured, who shipped it , temperature etc. To enable more transparency in the food sector.

  2. We will be able to make smarter decision purchases, track and trace a products life and give feedback to the company (walmart)

  3. An example of the benefit could be a indelibly record a list of transactions indicating how meat has flowed through a commercial network, from producers to processors to distributors to grocers and finally, to consumers.

  4. The missing piece was a shared forum where companies could begin to
    see each othersā€™ transactions and develop trust. Trust and transparency.

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#277

  1. What is the motivation behind Walmart investing in a blockchain solution?
    Smaller callbacks and therefore less damages when there is something wrong with a product and they need to trace it back to a source.

  2. How will this new solution benefit us as customers?
    Itā€™s clear where the parts of products come from and via which route.

  3. How will this new solution benefit Walmart as a corporation?
    It builds trust with customers while being very transparant for all company subdivisions

  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 othersā€™ transactions and develop trust,
We can eliminate layers that
exist today that add very little value to the industry

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#278

  1. Q: What is the motivation behind Walmart investing in a blockchain solution?
    A: Ensure consumer confidence in food supply.

  2. Q: How will this new solution benefit us as customers?
    A: Transparency of where and how a product came to be.

  3. Q: How will this new solution benefit Walmart as a corporation?
    A: Eliminates costs associated with layers of administration by providing origins, factory data, expiration dates, storage temperatures, and shipping.

  4. Q: What was the missing piece in their solution before they found blockchain?
    A: Something like the blockchain. The missing piece was a shared forum where companies could begin to see each othersā€™ transactions and develop trust.

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#279

This is interesting!
1- Set up a reliable, efficient system to trace quickly with certitude the trail to store of goods,
to insure customer reliability of quality of goods
to track down and fix any problems quickly
2-We are buying secured goods that have a traceable history and quality
3- The competition is far behind so consumers will prefer to shop where they are assured of this benifit.
The knowledge that the goods have a history and safety that we can verify as well
Knowing that any problem of safety may be fixed efficiently.
Leaders usually get first mover advantage in industry.
With safer goods, sales should go up as well profits.

4-Manually tracking down and fixing problems were lengthy ( cause they were separate paper or excel
data bases) and may cause damages to the brand, like the example they site of E.coli.

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#280

  1. Supply chain on blockchain enables Walmart to track product provenance easier and faster in case of any problems.

  2. Consumers can be sure that all products are safe for consumption and come from reliable sources

  3. It would make Wallmart a TRUSTED brand, which would attract more clients. Also Suppliers would increase their standards, so all will benefit from it.

  4. One platform that would keep all records from entire supply chain without unnecessary paperwork and administration.

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