Supply Chain - Reading Assignment

Blockchain Business Course
#281
  1. What is the motivation behind Walmart investing in a blockchain solution?

Quick and easy monitoring of the supply chain, checking the quality and safety of the products.

  1. How will this new solution benefits us as customers?
    have products supervised from their origin in order to avoid poisoning in general the customer will receive quality products.

  2. How will this new solution benefit Walmart as a corporation?
    better communication and transparency with those involved in the supply chain, avoid risks derived from poor quality or poisoned products, faster action in the reverse tracking of products with problems.

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

Develop transparency and interaction between the companies involved to contribute to trust in addition to a shared platform that makes data entry easier.

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#282

What is the motivation behind Walmart investing in
a blockchain solution?
Transparency for the customers,
to avoid outbreaks as before similar to what
happened about the eColi bacterium.
Transperance from producers, to processors to distribution
and finally the customers.

How will this new solution benefit us as customers?
To more be sure that the food we buy is okey, transparency, to
be totally sure the products have been handled in a secure way
along the supply chain. To bring trust in what you buy.

How will this new solution benefit Walmart as a corporation?
Gain trust among their customers. Sell quality products.
Prevent lawsuits and outbreaks of diseases.

What was the missing piece in their solution before they
found blockchain?
A trustful platform to keep track and records of each step of the
supply chain. Also lack of trust.

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#283

1. What is the motivation behind Walmart investing in a blockchain solution?
For better tracking system been shipped, efficient and reliable.

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

3. How will this new solution benefit Walmart as a corporation?
Eliminating layers in the supply chain and better management.

4. What was the missing piece in their solution before they found blockchain?strong textThere was a shared forum where companies could begin to see each others’ transactions and develop trust

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#284
  • What is the motivation behind Walmart investing in a blockchain solution?
    To make the supply chain more transparent and efficient
  • How will this new solution benefit us as customers?
    It will make the food source tracing more transparent therefore more safe.
  • How will this new solution benefit Walmart as a corporation?
    It will save Walmart more paperwork and cooperation between department therefore save money.
  • What was the missing piece in their solution before they found blockchain?
    An immutable database to keep records and be accessible to all parties including customers.
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#285
  1. To increase transparency in its supply chain and thereby boasting customer confidence in the quality of Walmart’s products.
  2. Customers can trace back the origin of the products. This enables the customers to do their own due diligence.
    3.It is making the company more trustworthy, decreasing the costs of having to pull back items from stock when something went wrong and remove bureaucratic layers that are now in place to facilitate the supply chain.
  3. A shared forum where companies could begin to see each others’ transactions and develop trust
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#286

  1. The motivation for Wal Mart to use a blockchain is to streamline their food supply issues and detect where when and who sent the affected foods faster.

  2. Blockchain in Wal Marts food supply will keep foods fresher, cut down on sickness and disease, and allow the customer to see how long the food has been there on their cell phone.

  3. Wal Mart will benefit in many ways, lower waste on food , trace any food issues down much faster, cut cost on accounting department, and most likely infect their suppliers with the blockchain bug.

  4. The part missing before, I would say is the immutable digital transparency. befor was just to much messy human paperwork.

also I know Ive been slow, Ive had knee surgery and physical therapy and other life stuff, but Im still here. really appreciate what you guys teach. thank you

#287

You are going really great @Adam1, I’ve been tracking you since months, You answers are really good, please keep going if you do really enjoy our lovely Academy.

If you have any more questions, please let us know so we can help you! :slight_smile:

Carlos Z.

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#288

  1. By putting the supply chain on the blockchain, Walmart makes the process more traceable, transparent and fully digital.

  2. Walmart is able to more quickly identify infected foods before they reach the customer. The customer can easily see where there food comes from if the supply chain is on a blockchain.

  3. Walmart benefits by dramatically optimizing the manuel processes that hinder performance in the supply chain, saving them tonnes of capital.

  4. Before Walmart found blockchain, the missing piece was a shared forum/ledger that all suppliers could access and see txns to build trust.

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#289
  1. What is the motivation behind Walmart investing in a blockchain solution?

To make the sourcing, handling & distribution processes transparent in the food industry / supply chain

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

More confidence that the supply chain is clean, trustworthy and traceable in case a need arises. The incentive to do things right throughout the supply chan, without cutting corners, will be infinitely higher, so potentially the quality of the food, and the safety will improve

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

Higher consumer trust and satisfaction

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

Trust and a digital system that unifies the process and allows the different parties to communicate and stay in the loop seamlessly. Finally, a big picture!

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#290

  • What is the motivation behind Walmart investing in a blockchain solution?
    To enhance safety in food processing and handling to prevent incidents of food poisoning.

  • How will this new solution benefit us as customers?
    This solution puts in place transparency in the the food processing and handling system thus creating more confidence in our food choices.

  • How will this new solution benefit Walmart as a corporation?
    This solution will give Walmart customers the confidence they need to purchase and provide food for their families. Especially in places such as in China, which the article mentioned, had problems with safety and scandal in their agriculture and food industry in general.

  • What was the missing piece in their solution before they found blockchain?
    According to the article, the missing piece was a platform in which companies can see each others transactions and develop trust. The article went on to equate that missing piece to the block chain.

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#291

  1. When they had an outbreak on imported products which made many people sick, they thought the only way to solve the issue is to find the source of product and fix the issue.

  2. Such a system could help prevent disasters

  3. more transparency, more clarity, faster issue solving process, better PR

  4. A shared platform that companies can see the process and gain clarity, in this situation frauds will not happen.

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#292
  1. Walmart wanted to implement a blockchain for their supply chain mnagement in order to increase food safety and easily find the source of contaminated products.
  2. This new blockchain solution can find exactly where the source of the problem occurred within seconds instead of days.
  3. This new technology will benefit Walmart’s safety protocols by ensuring food is safe for consumers.
  4. Transparency revolved around all of the transactions involved in the supply chain.
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#293
  1. To create a safer and more efficient supply chain.
  2. We can feel confident that our food is safe to eat.
  3. The new solution will benefit Walmart as a company several ways: Customers will feel good about knowing their food is safe, shipping will be more efficient and save money and overall product prices should reduce due to automation and efficiency the supply chain.
  4. Trust
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#294
  1. What is the motivation behind Walmart investing in a blockchain solution?
    There was a food supply issue that put contaminated meat into the market which resulted in death. The company need a better tracking system to identify product sources.
  2. How will this new solution benefit us as customers?
    The new system makes it possible to identify products sources and routes in seconds to eliminate any problems.
  3. How will this new solution benefit Walmart as a corporation?
    **Walmart can operate more efficiently by adding managing data transparently with partners and seeing where problems and opportunities arise. **
  4. What was the missing piece in their solution before they found blockchain?
    The key piece to make this possible was a transparent system that all parties could trust. Also important was the ability easily to onboard partners to the system regardless of the individual business’ operating methods
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#295

The company requiring to adhere to the food safety standards of Global Food Safety Initiative and increase in benefits for both the customer and the stakeholders.

Helps the customer to track the origin of the product and have a transparent supply chain.

It will upgrade their current supply chain process to be more time efficient and cost effective.

The missing piece was a shared forum where companies could begin to see each others’ transactions and develop trust

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#296
  1. A breakout contaminated food prompted WMT to understand product traceability better.
  2. By means of product traceability customers can be alerted of problems with specific products and prevent losses.
  3. WMT can eliminate layers of internal controls that do not add much value today.
  4. There was a need for a common environment in which actors of the supply chain could come together and share information about individual items.
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#297

Response:

  1. Walmart wants to be able to easily track the point of origin of the products they carry in the event that it has to be recalled due to contamination.
  2. As customers, we will be able to look at the same blockchain they use and compare it to the product we purchased from them to verify if it is in fact tainted.
  3. Being able to jump on any future incidents and pin point where the problem came from will allow Walmart to take only those items off the floor instead of pulling the whole line no matter where it originated from. This, in turn, will keep losses at a minimum for them.
  4. The missing piece that they could have used was a shared ledger between all parties involved that handled the product.
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#298
  1. What is the motivation behind Walmart investing in a blockchain solution?

Answer: In reference to an e. coli problem with spinach, Walmart VP said, “If you
could track and pinpoint where that came from faster, you could alleviate all that
and ensure consumer confidence continues.”

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

Answer: Such a system could help prevent disaster scenarios like the fatal, nationwide
outbreak described above.

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

Answer: Information to be stored on the blockchain, where fraud and inaccuracies are much
harder to get away with, includes details related to farm origins, factory data,
expiration dates, storage temperatures, and shipping. “We can eliminate layers that
exist today that add very little value to the industry,” Chang said.

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

Answer: “The missing piece was a shared forum where companies could begin to
see each others’ transactions and develop trust,” he said. “That missing piece is
something like the blockchain.

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#299
  1. What is the motivation behind Walmart investing in a blockchain solution?
    Walmart was trying to implement a system in which each participant in the supply chain of some foods was tracked, so in case of some of these foods had a disease or were contaminated, they could track down which item, from which supplier or even which carrier were involved in the supply of those goods.
  2. How will this new solution benefit us as customers?
    Because increased transparency will always look good in the eyes of the customers. To know where the food was produced, how long did it take to get to the store and other information is always good to know.
  3. How will this new solution benefit Walmart as a corporation?
    Because by adhering to the blockchain project Walmart will put themselves like transparent to the public (but i dont really know if this blockchain will be public, could I review the information of my spinach by using etherscan or other tool like it?? I think this would make it much much better, like if I use my cell phone to scan some QR code and I can check where did the product came from, who was the carrier to take it to the store, if the truck was refigerated and so on)
  4. What was the missing piece in their solution before they found blockchain?
    he missing piece was a shared forum where companies could begin tosee each others’ transactions and develop trust
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#300

  1. What is the motivation behind Walmart investing in a blockchain solution?
    To track food supplies instantly and make the whole process transparent.

  2. How will this new solution benefit us as customers?
    In a case of food contamination, the issue or problem could be traced in seconds where the problem originated from.

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

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

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